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OzzMosiz

Home Exchange / Builder Selling Home

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Saw a property yesterday where the couple living there have exchanged for a new house.

Builder is now selling the house. How much do you think builders can take as a % drop?

Are they more willing to accept a lower offer than say a home owner selling their house?

Opinions?

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Absolutely they'll take an offer. Not sure how much though. Unless he's a very wealthy builder, he can't afford to hang on to it.

A friend of mine did the part-ex thing 3 years ago with a small firm who had real trouble shifting the part-ex. Even after tarting it up, it went for less than the part-ex price (in 2006!).

Edited by deflation

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Absolutely they'll take an offer. Not sure how much though. Unless he's a very wealthy builder, he can't afford to hang on to it.

A friend of mine did the part-ex thing 3 years ago with a small firm who had real trouble shifting the part-ex. Even after tarting it up, it went for less than the part-ex price (in 2006!).

Builder will take upto 2-5% offer

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Is this a building company (i.e. like Barretts)?

If so find out when their year end accounts are done or any relevant share issues etc?

My experience was to find the manager and make offers through a month or so. They have targets to meet.

Good luck - we decided not to go ahead in our case but managed to get good discounts. Just not good enough.

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