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Negotiating when buying a house off the plans

  • 04-04-2018 9:39am
    #1
    detoxkid
    Registered Users, Registered Users 2 Posts: 621 ✭✭✭


    We are very interested in a 4 bed detached house to be built in an estate, off the plans. The ea has said there is no wiggle room with the price. We will likely get mortgage approval for costs. There doesn't seem to be any other interested parties. I'm wondering if it is worth trying to negotiate the price or is that generally not a thing with a new build?


Comments

  • #2
    Askthe EA
    Registered Users, Registered Users 2 Posts: 724 ✭✭✭Askthe EA


    detoxkid wrote: »
    We are very interested in a 4 bed detached house to be built in an estate, off the plans. The ea has said there is no wiggle room with the price. We will likely get mortgage approval for costs. There doesn't seem to be any other interested parties. I'm wondering if it is worth trying to negotiate the price or is that generally not a thing with a new build?

    New builds are generally set pricing. You can, of course, make a lower offer but they are not obliged to accept it.


  • #3
    Captain Commie
    Closed Accounts Posts: 688 ✭✭✭Captain Commie


    We're going through the purchase of a house off plan currently. I asked about wiggle room on the price and was told with out a shadow of a doubt there was none as the costs were fixed due to building costs, VAT etc etc etc


  • #4
    MrStuffins
    Registered Users, Registered Users 2 Posts: 19,323 ✭✭✭✭MrStuffins


    Captain Commie wrote: »
    We're going through the purchase of a house off plan currently. I asked about wiggle room on the price and was told with out a shadow of a doubt there was none as the costs were fixed due to building costs, VAT etc etc etc

    And demand. If you don't buy, there's a queue of people willing to buy right behind you!


  • #5
    cronos
    Registered Users, Registered Users 2 Posts: 2,719 ✭✭✭cronos


    detoxkid wrote: »
    We are very interested in a 4 bed detached house to be built in an estate, off the plans. The ea has said there is no wiggle room with the price. We will likely get mortgage approval for costs. There doesn't seem to be any other interested parties. I'm wondering if it is worth trying to negotiate the price or is that generally not a thing with a new build?

    Does not happen with new builds and the 4 beds always take longer to sell in the new estates than the 3 beds. This is mostly due to them being worth more so less people having the money. But's more a case of them just waiting and they get sold I'm afraid.


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