Skip to main content

Can you negotiate new construction?

Wife and I are looking at new construction $660,000 home. The builder offers a $5000 bonus if you either use their lender, or use your own lender and get $5000 towards appliances. Currently it only needs a fridge and washer dryer. Our agent said if we use our own lender, we can get them to price match the $5000 lender bonus (which they already agreed to do), and then we can also get the $5000 appliance credit from builder.

I’m guessing we won’t be able to negotiate the home price, but what else can we negotiate? It does need a fence and some landscaping. Is that something that would be negotiable? What about wiring up specific floodlights I want on the front and rear of the house? I’m not trying to be greedy but what else should we do?

One last item is the builder wants to see our current house we are listing. They want to see the condition (it’s great condition) and the listing price. Is this normal? They would do a walkthrough of the property and home in person before or just after we list. My agent said once we list the builder would likely take it off the market for us. This seems odd, but normal? Buying the new construction would be contingent on selling our current home.

Thank you all.

submitted by /u/IJustwatch6123
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/ehurpu/can_you_negotiate_new_construction/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

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...
1 comment
Read more