04-01-2010, 02:08 PM
3 posts, read
14,292 times
Reputation: 10
Thanks in advance people !! Thinking of buying a new home and want some advice on how much people have been able to negotiate with them (the home builders - weekly, drees, etc ...). Looking for info from people that have been through the process rather than speculation. Typical scenario is they give you a base price, you can buy upgrades, and then there are lot premiums in many cases.
Last edited by homebuyer77; 04-01-2010 at 02:10 PM ..
Reason: typos
04-02-2010, 04:59 AM
22 posts, read
166,240 times
Reputation: 28
We bought a new home and had it built from the ground up. We went in and looked at the base price, added our upgrades and lot and came to a total. Then we offered $30k off of that total and the builder came back with a counter for $25k off the total and we took the deal. They also agreed to pay 3% toward closing costs. We signed our contract almost a year ago now and were in by the end of October last year.
04-08-2010, 03:41 PM
3 posts, read
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Reputation: 10
Thanks TX55, kind of data I was seeking. Are you willing to tell me the price of the home? I'd like to get an idea if it was 25K off of 250K or 500K, etc ....
04-08-2010, 04:13 PM
22 posts, read
166,240 times
Reputation: 28
It was definitely not 500k....more towards the lower end of your numbers.
04-08-2010, 04:23 PM
25 posts, read
98,706 times
Reputation: 18
It doesn't really matter what the builder is asking for the house. It really always comes down to the appraisals for the property just before closing. All you have to do is put an appraisal contingency in your contract and the price you pay is what the bank (assuming you're financing) appraises the house for or your contract price, whichever is less. That is the only way to protect yourself when building a house from a big builder in a down market.
04-08-2010, 04:30 PM
2,185 posts, read
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Reputation: 698
A standard deal is 3.5% off and 25K in upgrades. I wouldn't expect more than that unless it is a spec home, that's where the deals are.
04-09-2010, 10:05 AM
1,961 posts, read
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Reputation: 571
I'd work with an experienced Realtor that regularly negotiates with the builders. It won't cost you anything and they should be able to help you get the best deal.
04-09-2010, 11:33 AM
10,114 posts, read
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Reputation: 17444
Quote:
Originally Posted by
woodinvilleguy
I'd work with an experienced Realtor that regularly negotiates with the builders. It won't cost you anything and they should be able to help you get the best deal.
I wouldn't do that!
We went through a realtor for our last home, a new, semi custom built. We ended up paying rack rate, what incentive is there for him to negoiate the price down? His commission is a % of the selling price.
Also, don't let them pull this on you---we paid seperately for upgrades, not rolled over into the mortgage. They tried to put the upgrades onto the base price of the house, which increases their commission. It also increases your taxes. We had to fight them for that. IMO, if you're working with a builder, don't get a real estate salesperson involved, they just muddy the waters. They want their commission, of course, and to #ell with whatever benefits you in the process.
Here's another caveat---most newly built homes are overpriced for the area. Try to negoiate the price down as much as you can. Whatever you do, do NOT go with builder financing. Usually the house is overpriced, and you can't find financing elsewhere. Oh, geez, here, we can help, let us recommend our lender and their appriaser. How 'bout that? It appraised out and the lender approves you! Just sign here, congratulations, you're now upside down!
Instead get 1-3 independent appraisals, then tender your offer based on the appraisal. They will deal!
Make sure everything you do is independent of the builder, including appraisers, lender, inspectors, etc. Don't be afraid to lose the deal, there's more where that came from. You're in the driver's seat as long as you choose to be!
04-09-2010, 12:12 PM
1,961 posts, read
6,124,028 times
Reputation: 571
Quote:
Originally Posted by
MaryleeII
I wouldn't do that!
well we had a totally different experience with our agent. A good agent will work to get the best price/deal for you because they want you to refer them to your friends. A good agent is also ethical.
04-09-2010, 12:21 PM
10,114 posts, read
19,404,215 times
Reputation: 17444
Quote:
Originally Posted by
woodinvilleguy
well we had a totally different experience with our agent. A good agent will work to get the best price/deal for you because they want you to refer them to your friends. A good agent is also ethical.
A good agent is a revenue producing agent. He's not only earning comission for himself, he splits it with his firm. More money, more leads, more job security. Wake up and smell the coffee, they aren't working for you, they work for themselves, same as everyone!
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House heating fuel used in apartments - Coal or coke (%)
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House heating fuel used in apartments - Other fuel (%)
House heating fuel used in apartments - No fuel used (%)
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Fatal accidents locations in 2019
Fatal accidents locations in 2020
Fatal accidents locations in 2021
Alcohol use - People drinking some alcohol every month (%)
Alcohol use - People not drinking at all (%)
Alcohol use - Average days/month drinking alcohol
Alcohol use - Average drinks/week
Alcohol use - Average days/year people drink much
Audiometry - Average condition of hearing (%)
Audiometry - People that can hear a whisper from across a quiet room (%)
Audiometry - People that can hear normal voice from across a quiet room (%)
Audiometry - Ears ringing, roaring, buzzing (%)
Audiometry - Had a job exposure to loud noise (%)
Audiometry - Had off-work exposure to loud noise (%)
Blood Pressure & Cholesterol - Has high blood pressure (%)
Blood Pressure & Cholesterol - Checking blood pressure at home (%)
Blood Pressure & Cholesterol - Frequently checking blood cholesterol (%)
Blood Pressure & Cholesterol - Has high cholesterol level (%)
Consumer Behavior - Money monthly spent on food at supermarket/grocery store
Consumer Behavior - Money monthly spent on food at other stores
Consumer Behavior - Money monthly spent on eating out
Consumer Behavior - Money monthly spent on carryout/delivered foods
Consumer Behavior - Income spent on food at supermarket/grocery store (%)
Consumer Behavior - Income spent on food at other stores (%)
Consumer Behavior - Income spent on eating out (%)
Consumer Behavior - Income spent on carryout/delivered foods (%)
Current Health Status - General health condition (%)
Current Health Status - Blood donors (%)
Current Health Status - Has blood ever tested for HIV virus (%)
Current Health Status - Left-handed people (%)
Dermatology - People using sunscreen (%)
Diabetes - Diabetics (%)
Diabetes - Had a blood test for high blood sugar (%)
Diabetes - People taking insulin (%)
Diet Behavior & Nutrition - Diet health (%)
Diet Behavior & Nutrition - Milk product consumption (# of products/month)
Diet Behavior & Nutrition - Meals not home prepared (#/week)
Diet Behavior & Nutrition - Meals from fast food or pizza place (#/week)
Diet Behavior & Nutrition - Ready-to-eat foods (#/month)
Diet Behavior & Nutrition - Frozen meals/pizza (#/month)
Drug Use - People that ever used marijuana or hashish (%)
Drug Use - Ever used hard drugs (%)
Drug Use - Ever used any form of cocaine (%)
Drug Use - Ever used heroin (%)
Drug Use - Ever used methamphetamine (%)
Health Insurance - People covered by health insurance (%)
Kidney Conditions-Urology - Avg. # of times urinating at night
Medical Conditions - People with asthma (%)
Medical Conditions - People with anemia (%)
Medical Conditions - People with psoriasis (%)
Medical Conditions - People with overweight (%)
Medical Conditions - Elderly people having difficulties in thinking or remembering (%)
Medical Conditions - People who ever received blood transfusion (%)
Medical Conditions - People having trouble seeing even with glass/contacts (%)
Medical Conditions - People with arthritis (%)
Medical Conditions - People with gout (%)
Medical Conditions - People with congestive heart failure (%)
Medical Conditions - People with coronary heart disease (%)
Medical Conditions - People with angina pectoris (%)
Medical Conditions - People who ever had heart attack (%)
Medical Conditions - People who ever had stroke (%)
Medical Conditions - People with emphysema (%)
Medical Conditions - People with thyroid problem (%)
Medical Conditions - People with chronic bronchitis (%)
Medical Conditions - People with any liver condition (%)
Medical Conditions - People who ever had cancer or malignancy (%)
Mental Health - People who have little interest in doing things (%)
Mental Health - People feeling down, depressed, or hopeless (%)
Mental Health - People who have trouble sleeping or sleeping too much (%)
Mental Health - People feeling tired or having little energy (%)
Mental Health - People with poor appetite or overeating (%)
Mental Health - People feeling bad about themself (%)
Mental Health - People who have trouble concentrating on things (%)
Mental Health - People moving or speaking slowly or too fast (%)
Mental Health - People having thoughts they would be better off dead (%)
Oral Health - Average years since last visit a dentist
Oral Health - People embarrassed because of mouth (%)
Oral Health - People with gum disease (%)
Oral Health - General health of teeth and gums (%)
Oral Health - Average days a week using dental floss/device
Oral Health - Average days a week using mouthwash for dental problem
Oral Health - Average number of teeth
Pesticide Use - Households using pesticides to control insects (%)
Pesticide Use - Households using pesticides to kill weeds (%)
Physical Activity - People doing vigorous-intensity work activities (%)
Physical Activity - People doing moderate-intensity work activities (%)
Physical Activity - People walking or bicycling (%)
Physical Activity - People doing vigorous-intensity recreational activities (%)
Physical Activity - People doing moderate-intensity recreational activities (%)
Physical Activity - Average hours a day doing sedentary activities
Physical Activity - Average hours a day watching TV or videos
Physical Activity - Average hours a day using computer
Physical Functioning - People having limitations keeping them from working (%)
Physical Functioning - People limited in amount of work they can do (%)
Physical Functioning - People that need special equipment to walk (%)
Physical Functioning - People experiencing confusion/memory problems (%)
Physical Functioning - People requiring special healthcare equipment (%)
Prescription Medications - Average number of prescription medicines taking
Preventive Aspirin Use - Adults 40+ taking low-dose aspirin (%)
Reproductive Health - Vaginal deliveries (%)
Reproductive Health - Cesarean deliveries (%)
Reproductive Health - Deliveries resulted in a live birth (%)
Reproductive Health - Pregnancies resulted in a delivery (%)
Reproductive Health - Women breastfeeding newborns (%)
Reproductive Health - Women that had a hysterectomy (%)
Reproductive Health - Women that had both ovaries removed (%)
Reproductive Health - Women that have ever taken birth control pills (%)
Reproductive Health - Women taking birth control pills (%)
Reproductive Health - Women that have ever used Depo-Provera or injectables (%)
Reproductive Health - Women that have ever used female hormones (%)
Sexual Behavior - People 18+ that ever had sex (vaginal, anal, or oral) (%)
Sexual Behavior - Males 18+ that ever had vaginal sex with a woman (%)
Sexual Behavior - Males 18+ that ever performed oral sex on a woman (%)
Sexual Behavior - Males 18+ that ever had anal sex with a woman (%)
Sexual Behavior - Males 18+ that ever had any sex with a man (%)
Sexual Behavior - Females 18+ that ever had vaginal sex with a man (%)
Sexual Behavior - Females 18+ that ever performed oral sex on a man (%)
Sexual Behavior - Females 18+ that ever had anal sex with a man (%)
Sexual Behavior - Females 18+ that ever had any kind of sex with a woman (%)
Sexual Behavior - Average age people first had sex
Sexual Behavior - Average number of female sex partners in lifetime (males 18+)
Sexual Behavior - Average number of female vaginal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a woman (18+)
Sexual Behavior - Average number of woman performed oral sex on in lifetime (18+)
Sexual Behavior - Average number of male sex partners in lifetime (males 18+)
Sexual Behavior - Average number of male anal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a man (18+)
Sexual Behavior - Average number of male oral sex partners in lifetime (18+)
Sexual Behavior - People using protection when performing oral sex (%)
Sexual Behavior - Average number of times people have vaginal or anal sex a year
Sexual Behavior - People having sex without condom (%)
Sexual Behavior - Average number of male sex partners in lifetime (females 18+)
Sexual Behavior - Average number of male vaginal sex partners in lifetime (females 18+)
Sexual Behavior - Average number of female sex partners in lifetime (females 18+)
Sexual Behavior - Circumcised males 18+ (%)
Sleep Disorders - Average hours sleeping at night
Sleep Disorders - People that has trouble sleeping (%)
Smoking-Cigarette Use - People smoking cigarettes (%)
Taste & Smell - People 40+ having problems with smell (%)
Taste & Smell - People 40+ having problems with taste (%)
Taste & Smell - People 40+ that ever had wisdom teeth removed (%)
Taste & Smell - People 40+ that ever had tonsils teeth removed (%)
Taste & Smell - People 40+ that ever had a loss of consciousness because of a head injury (%)
Taste & Smell - People 40+ that ever had a broken nose or other serious injury to face or skull (%)
Taste & Smell - People 40+ that ever had two or more sinus infections (%)
Weight - Average height (inches)
Weight - Average weight (pounds)
Weight - Average BMI
Weight - People that are obese (%)
Weight - People that ever were obese (%)
Weight - People trying to lose weight (%)
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