As a first time buyer who has found the perfect new build property, it’s a fair assumption that you’ll be unfamiliar with the process of putting in an offer for it. What you also might not realise is that when putting in an offer you also have a chance to negotiate on things like price, extras and can potentially get more for your money.
In this guide we’ve explained more about the offer process for new build homes and what you can do to help secure your first property with your chosen developer.
Consider negotiation first
Once you’ve found a development and/or a particularly property you like and you have an idea of how much you can afford, you can then look to negotiate with the developer before you make a final purchase offer. Here is an example of the types of deals and extras you could look to secure:
Better fixtures and fittings
If the overall price is non-negotiable then you may want to try and secure some free upgrades to better fixtures and fittings. This could range from your bath taps to the quality of your flooring.
In some cases you might be able to get some free furnishings. Things like wardrobes, beds and extra cupboards can be really useful, particularly if you’re a first time buyer, as it’s likely you won’t have a huge amount of furniture already.
It can also happen that if you as ask, your developer will pay for things like your legal fees. Again, having this little discount can make a big difference as a first time buyer.
Making an offer on a new build
First make sure to get hold of a Mortgage in Principle. Whether or not you choose to look into the aforementioned negotiations is up to you, but if you’re happy and comfortable with the cost of your new build you can then speak with the sales team at your chosen development and make your final offer. It can just be a matter of confidence as well and you should follow the old adage that ‘if you don’t ask, you don’t get’.
When your offer is accepted you may then also need to pay a reservation fee – this is common with new builds especially if you’re buying off-plan.
If you were to put an offer in for one of our new build properties as a first time buyer, you can count on quality customer care from our teams who will be able to help you through every step of the remaining buying process as well. If you’d like to learn more, get in touch with us today.