C
charlie2
Well-known member
worked on a redrow site a good few years back and it was well run and everything seemed to be done well each plot seemed different like not all houses were the same with smaller and the larger houses all mixed in. at the time it was quite different to other large housing developments around the area and like you put none seemed to stay empty once completed.They (Redrow) seem pretty canny in that they only release more houses for sale (and subsequently start building them) once everything in the previous release on the development has sold, so they theoretically don’t end up with unsold houses that they can’t shift.
They categorically will not budge on asking price - any negotiation is limited to fixtures/fittings etc.
I’d imagine the most likely outcome is that they will mothball the site until the market picks back up before resorting to reducing their prices.
We will possibly have to have a basic valuation survey done as the house is essentially being bought by a trust - it’ll be interesting to see if the surveyor agrees to the Redrow valuation (I’d like to think that their current-day valuation might give us a chance to negotiate down but think that’s a wishful outlook!).