Skip to main content

Buying new construction spec home, advice on asking for comps when builder won't budge on price.

Buying a new spec home which hasn't been built yet, the lot still being assessed and it'll be another 5 or 6 months. We signed our contract and put down a 1k deposit as we were in a time crunch and they were letting us pick the lot we wanted before they decided on which model to place on said lot. They were offering 3k off if using a preferred lender but even they agreed that my current lender had the best offer. We are in a buyers market in this town and this is just one of more than 10+ builders in the area also making new homes (we just preferred the layout of this builder better)

I want to know how/when would be a good time or if it's even feasible to ask for a comp before we really buy the place, so far they haven't really budged but I don't even know how to really ask for these things... I'm not afraid to walk if they won't do this, it'll be a 1k lesson but at least I won't feel regret for the purchase. I wanted to ask them to comp the floors.... And do all tile vs tile and carpet, they stated it would cost me an extra 3k if I pay them to do it. There's a lot of things this builder doesn't include that others do (screened in porch, cabinet handles, soft close drawers etc) idk what angle I even have.

Tldr: how do I nicely but successfully convince new builder to comp the floors on a new build, how to not take no for answer I guess?

submitted by /u/thebiggerpiicture
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/c6kbaf/buying_new_construction_spec_home_advice_on/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear

Fast Rising HOA Fees on NYC Condo, No Budget Provided

My wife and I are first time homeowners and could use some advice on a situation we've been having with our management company and Board. We bought a condo in Brooklyn two years ago, and since then our HOA fees have climbed dramatically. In August of last year, our fees were increased by ~30% and just yesterday we received notice that this new figure would be increased by 16% as of June 1st. The by-laws for our building state that ten days before such a change goes into effect, the Board must provide unit owners with the itemized budget upon which the new numbers were based. This didn't happen last year, and when I asked the management company about it, they just kept vaguely insisting the Board had done due diligence. After I kept pressing, they finally sent a budget that was several years old, so obviously not the one that the new numbers were based on. When I asked the management company for contact information for the Board to get further clarification, I was told that th

How to create fidelity investments current bank statement for lender during escrow

I transferred a certain amount to my bank account to complete the minimum down payment required. The bank wants a current statement of the transaction. Unfortunately, fidelity only does quarterly statements so a December statement is not available and we are due to close next week. I called fidelity and they they can only provide a letter but the bank said that won’t suffice. Any way I can find or make one of my own that has my account number/name along with all the recent month’s activities? submitted by /u/bodaciousbeans [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zmnnqo/how_to_create_fidelity_investments_current_bank/