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So I saw a house I really liked over the weekend while in the Triangle visiting family. While DH and I dont' plan to retire for several years (our 401k's tanked), we could still consider relocating if the right jobs were available. Maybe.
Anyway, this house I really liked was in Kitt's Creek. Are builders being at all flexible on price for current-inventory homes?
Depending on how long inventory homes have been on the market will usually determine how much they will come off their asking price. That being said, you should easily be able to talk them down. Consult a Realtor and they can pull some comps for you.
An alternative to dealing on price is to deal on extras. A couple of years ago we had an offer accepted that was a few thousand less than asking and included a few extras we wanted added. Total value of everything was probably 8-10 grand - not huge, but a little less than what the builder was asking (in a very strong market at that time).
Yeah, we recently purchased new construction and opted to offer full price with a bunch of extras built into the contract. Since selling the home at full price keeps the comps high, so he was more than willing to give us what we wanted. So if there is anything you want different, added, changed, etc., you might want to consider going that route. If not, then I would definitely start with an offer below asking price. Everything is negotiable.
Thanks everyone for your input. The Mr. and I talked about it, and decided that in the current economic climate, we are better off staying with our current jobs. We both have 20+ years in stable jobs, so it seems prudent to play it safe right now and not relocate. But we'll still be thinking of the Triangle for retirement down the road.
So the inventory house at Kitt's Creek that I was coveting has now been dropped from $334K to $304K. Sigh. DH and need to keep our jobs in the DC 'burbs for a few more years.
So the inventory house at Kitt's Creek that I was coveting has now been dropped from $334K to $304K. Sigh. DH and need to keep our jobs in the DC 'burbs for a few more years.
Don't sweat it...that doesn't mean it's a great deal now....that just means it was severely overpriced before.
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