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buying a house from the developer

  • 15-02-2008 10:03pm
    #1
    jacquie10
    Closed Accounts Posts: 3 ✭


    I would like to buy a new house but the asking price is higher than I had budgeted for. The price is €310000 finished or €290000 unfinished. I had decided that the max I can afford is €285000 and even that would be difficult enough. Can I make an offer of €280000 for a finished house or would this be ridiculous? The estate agent has said he thinks the developer would accept €300000, without even being asked.


Comments

  • #2
    daiixi
    Registered Users, Registered Users 2 Posts: 2,347 ✭✭✭daiixi


    You can offer €5 if you like. It's up to the developer to decide what is ridiculous.


  • #3
    helimachoptor
    Moderators, Science, Health & Environment Moderators Posts: 21,692 Mod ✭✭✭✭helimachoptor


    Maybe offer 270k, if he rejects that leave it for a few days then go to say 275 or 277 and see what reaction is like at those prices. If developer is still not playing bacll say 280 is your final offer.


  • #4
    gurramok
    Closed Accounts Posts: 13,992 ✭✭✭✭gurramok


    It's not ridiculous to offer 280k as you say nor even 270k. It's a buyers market.

    Check to see if that developement is selling well, high chances are it's not. Check prices for equivalent 2nd hand houses in your area, compare and contrast. The developer needs buyers more than buyers need developers :)

    A developer and an estate agent is not your friend, they are business people who sell houses.
    Don't overstretch yourself in these uncertain times.


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