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Can you negotiate price for new construction with the builder? This is assuming you are going into a new community and working with an agent from the community. Just wondering how this works. Do we have to go with the dollar amount the agent and builder give us?
If you are good at negotiating, great, but I would encourage you to find your own representation in the form of a buyers agent. The "agent with the community" works for the builder. They do not represent you, or your interests.
Here I go again...the onsite Agent works for the builder. You should have your own Buyer's Agent.
The onsite Agent must get the best price FOR THE BUILDER. She does not have to tell you what the last house sold for. She does not have to tell you what the latest incentives are. She may tell you that the builder won't negotiate and she may tell you that the price quoted to you is the price you must pay. She may not be telling you the whole truth.
Normally I would say that you don't need a buyers agent to buy new construction. But the fact that you came here asking these questions indicates that in your situation, you should have one. Good luck!
YES! Negotiate the price you want, especially if the house is already built. Everyone up-post is right: get an agent to represent you, to tell you what other homes sold for. Then you can go in with a price. Good luck!
Yes. To all of the above. Get an agent. It doesn't cost you anything and they work for YOU not the builder!!!!! They get paid by the Seller (which in this case is the builder).
Contrary to what people believe new home communities like working with agents in this area. They bring the buyers. That's why they are always dropping off yummy goodies to the offices. That's how I gained 20+ pounds when I worked as a Realtor in the Triangle.
Can you negotiate price for new construction with the builder? This is assuming you are going into a new community and working with an agent from the community. Just wondering how this works. Do we have to go with the dollar amount the agent and builder give us?
You should absolutely negotiate with the builder.Don't be intimidated,remember they probably need that house sold more than you need to buy it.
Many builders want to preserve the visible "price" of the homes they are building in a given development. Since they have a large inventory (more than the inventory of 1 that most home sellers are dealing with), discounting one house significantly will lead to discounts on many subsequent sales. Deal by deal he'll erode his margins. A builder is much more likely to negotiate non-price items - extras. So you might not bring the price down (much) but you may increase the value of what you get for that price.
Yes you can definitely negotiated, although be prepared to fight a long hard battle if you do not have a buyers agent. They did not want to give us any money off until we brought in our buyers agent who got us 16K off. Your best move is to get a buyers agent, especially since it will not cost you anything. The builder will not give you a discount if you do not bring a buyers agent, so there really is no point in not getting one.
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