help negotiating flat buy?

[lootmaker]

I like a new build flat on the market at �176,000 i put in an offer for �170,000 it was point blanked turned down. The flats below didnt sell for much less. And the flat 2 storeies above sold for �200,000 (12 storey) They have balconies, designed to a high standard, also offering music system where you can have ceiling speakers put in for �2,000 more. Or the bathroom accesories in for �500. What should I do? I seems like there not going to budge, yet its slow to sell. I think family put off by height of balcony. (will i find it difficult to sell in future?) I would pay for asking price if they fit bathroom and sound system.

Any tips on Negotiating?

[Loosehead]

Just wait and you'll get it for 30% cheaper within a year. Markey is hugely overdue a correction.

[Loosehead]

That's "Market"

[lootmaker]

Thats Quite frightning to here! As Im a day or so away from putting a bid in. 50k drop is very scary. I kinda have to buy now as ive been waiting for ages and i need to get out of my current situation.

[El D]

You really wanna negotiate with housebuilders wait until their end of year or half year periods and turn up with cash ready. I have seen up to a 30% discount but I wouldn't hope for that much.

[WoWo]

Definatly stick to your guns on it, just put your offer in writing something along the lines of thats your offer and it's on the table for 2 weeks, after that time you might be prepared to offer less.

It's without doubt a buyers market, and I'm much of the same opinion as loosehead.