Just wanted to see if anyone had had luck negotiating with a developer to lower the purchase price on a new build?
I just heard back from my mortgage broker that the bank valued my new build at £13,000 less than asking price.
The exact style of house I’m looking at was listed 2 months ago at £203,995, then a month ago at £209,995 and the asking price for mine is £212,995. The bank valued it at £200,000. There’s no way I’m paying the asking price and will likely walk away but wondered if anyone had any luck with negotiating down?
The development is sold out. Bank is asking for comparable homes sold there are none at this price and nearby houses other than development are council houses and the value is much less.
Thanks!