Buying A Home
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
How much can you negotiate price of new construction?
The house in question is already built and for sale. FWIW the listing price is $13k over the base price for the model.
Re: How much can you negotiate price of new construction?
We just bought a new construction home last week when we were in Florida. House will not be built until June and the builder would not budge on model base price, but did agree to pay all closing costs and all the upgrades we asked for, aprox. $14,000 total.
They did have some new inventory houses built with some upgrades and discounted them by only 1-2% off list price. I believe they would pay cc on those houses also, but they did not have the model we wanted built yet.
Have your REA look up recent sales for the builder and see if they sold for less than list price. You may also be able to find recent sales yourself on Trulia or Zillow.
It depends on the builder - we were able to do some negotiation, but not nearly as much as we could get on an existing house. You need to probably ask for the options list, and see how much $$ in options that house has that would put it over the 'base price'.
It depends on a number of factors including your market.
- how long it has been on the market and if the builder owns it outright and is not paying on it every month.
In general, you can negotiate on new construction similar to existing homes. You are more likely not to be able to negotiate on NEW BUILDS (homes that you want to build or homes that are in a phase of development). But if the home is fully built, ready to move in - on the market - you can negotiate similar to how any home in your market is being handled.
In NJ - our new construction home was negotiated down 10%. In our current IA market the builder we are using for a custom construction has several homes on the market that he WILL NOT reduce in price more than a few percentages. He believes in maintaining the quality and price point of the development he created and will not negotiate. From our perspective that is amazing - it maintains our home value. But from a buyer perspective I bet it is frustrating.
it depends on the market, but it doesn't hurt to ask. we just bought a spec home. they were already offering almost 10% off as an incentive, but because it was at the top of our price range and they weren't willing to budge on price, we asked them to throw in another 10k in upgrades (for landscaping the backyard, washer, dryer, water softener, and fridge).
it's very much a buyers market here though, and the house has been completed for a while.
Have you seen my monkey?