Browse Forums Real Estate 1 Jan 02, 2009 1:04 pm So.. when you build you have a set price you have to pay.
And when you buy you can make an offer and bargain.. What happens when there is a property that is not finished being constructed yet? ie. http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105444738&f=0&p=10&t=res&ty=&fmt=&header=&cc=&c=22734275&s=vic&snf=rbs&tm=1230865201 Just an example.. but what would you do? Offer lower or offer what the price states? Treat it as if you have purchased a house and land package or treat it as if its an established home? So confused. Re: Making an offer on a nearly completed brand new home? 2Jan 05, 2009 9:06 pm Hi Erinleigh
There's no need for any confusion. An actual price is not specified...they are asking for offers in excess of $345K. If you think the house is worth the price mentioned (or close to it), you should contact the agent and express your interest. Where you go from there depends on how concerned you are that someone else will buy the home before you. If that isn't an issue (if eg there are plenty of others that would suit you equally well...or your judgement is that the interest level is low) then you would be well advised to put in a lowish offer. Pick a level that's not totally outside the realms of reality but would still have you grinning from ear to ear if it was accepted. Ask the agent to put your written offer to the vendors. In the current climate, even if it isn't accepted, they might come back with a counter-offer that will still make you happy. If, on the other hand, the property is exactly what you want and you are really worried that someone else willl beat you to it, then your initial offer will probably be higher (maybe even $345K+)and you'll want to watch the agent carefully to try and gauge his/her response. To answer your specific question, you have every right to bargain for this house and you'd probably be silly if you didn't. Cheers zeke Re: Making an offer on a nearly completed brand new home? 3Jan 05, 2009 9:18 pm Hi Erinleigh,
A few years back we bought a house in Cranbourne West as a rental. We looked at the house when it was just about done and made an offer based on the size of the house, the fit and finish, the size of the land etc. We worked out what it would cost us to build the same thing, in the same area and then took 10% off for luck and made an offer. In our case we were lucky as the house belonged to a builder and the price we paid was a good portion below the market value as he needed to sell for another project. I think in today's climate the same would be true. With prices coming back a little some people will have overcapitalised and the prices paid to get a home built versus the actual value should be somewhat in your favour. Don't be afraid to make a low offer ... its a buyers market right now! Any advice on a builder in NSW who is demanding an extra 22000k after the house is completed and contract paid in full .Standard HIA contract. Never received a variation.… 0 20526 I am in a difficult situation. Long story short I have been handed over my brand new home in Sydney with everything in the house being great except the windows that were… 0 978 Was the offer also on their website? If so, you could check the Wayback Machine. 1 1021 |