Home Buying in 30044>Question Details

skhekmat, Home Buyer in Lawrenceville, GA

I am trying to buy a new built home, How much below asking price, I can ask for new built home from builder?

Asked by skhekmat, Lawrenceville, GA Sun Oct 14, 2012

I talked with a builder, they overinflated sales price and says,they reduced $25 k to some sale price. How do I negotiate with him? Please throw me some suggestions

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Answers

9
I agree with Alex. You really should get the help of an agent. There are many variables that go into this including existing inventory vs presale. I am available to help you if you need to talk to someone.

Jamie Parker
Keller Williams
404-483-7816
2 votes Thank Flag Link Sun Oct 14, 2012
You should get the help of an agent, the suggest prices and show you comparables in the are
2 votes Thank Flag Link Sun Oct 14, 2012
You definitely need to use a Buyer's Agent. They will review the recent sold homes and active listing to give you a better idea of where that market standd right now.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing
1 vote Thank Flag Link Mon Oct 15, 2012
If you do not know at what price level the other homes in the development sold, skhekmat, you are at a huge disadvantage. If you do not understand a new construction contract, it could be even worse. Either consider hiring an Agent/Broker, or get busy performing some due diligence. Please call, text or email if we can provide further assistance. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/
1 vote Thank Flag Link Mon Oct 15, 2012
I have many many years of working with buyers that want to purchase new construction.
I can definitely guide you to a great deal, all the way to closing.


Isabel Elsesser, Realtor
First United Realty
Save Time & Money!
http://www.isabelsnewhomes.com
http://www.Buford.georgiamls.com
Direct 770-307-8751
Fax 888-799-3184
Over 24 Million SOLD
Free buyers agent!
1 vote Thank Flag Link Sun Oct 14, 2012
New construction is not priced like resales. New construction usually do not deduct prices but will add upgrades at no cost to at their cost. You should get a buyer agent who can assist you with checking comp values so you know what the true market value is. Then you can make an offer with something to back it up.
1 vote Thank Flag Link Sun Oct 14, 2012
It would be in your best interest to obtain the assistance of a local Realtor. Professionals tend to learn through multiple transactions which builders are known for which benefits – and faults. Each home builder can offer different deals, incentives, and different base price negotiations. In addition, your Realtor may be able to negotiate an amount you can spend at the design center, include garage door openers, blinds, etc.

Regards,
Chad Roberts
Broker/Salesperson
Realty One Group
0 votes Thank Flag Link Wed Jan 29, 2014
Hi Skhekmat,

I had 2 pre-sale deals this year but was able to knock the price down ($23K) only on one of them. On the other deal, all I could do is to have the builder honor expired $10K incentive they use to have before we put a contract.

Whether you get price reduction or not really depends who the builder is (custom or production), if that builder is also a developer, the stage the neighborhood is (just started, mid-way or almost completed).

In general, builder would be more negotiable on the standing inventory or a spec home. Negotiating price reduction on pre-sale (home to be built) is very difficult, but you may be able to get some upgrades at no cost.

Beware of builder's contract! It is designed to protect the builder and never the buyer.
Can't agree more with all the agents about hiring an agent to represent you and who is experienced in new construction sales, unless you are familiar with the process and know what special stipulations have to be added to builder’s contract to protect you and your investment.

Hope this helps. Feel free to call or email if I can be of further help to you.

Cordially,

Veronika Barash, Realtor®,

CERTIFIED SKILLED NEGOTIATOR

REO & SHORT SALE CERTIFIED

CERTIFIED MARKETING SPECIALIST

RELOCATION SPECIALIST


http://www.AtlantaSelectHomes.com


678.230.4235 c

678.287.4800 o

404.410.6983 f


Keller Williams Realty Consultants
0 votes Thank Flag Link Mon Oct 15, 2012
I'll "throw" you some suggestions.

1. Hire a competent Realtor today

2. ask them for a comparative analysis of the new home submarket within the particular school district in Lawrenceville

3. take their advice and follow the next steps from contract to closing

Right now, you think you really know what you are doing but based on the content of your question and your "overinflation" comment I believe that you don't know what you are doing and like Michael said, you are disadvantaged if you attempt to negotiate with this savvy builder.
0 votes Thank Flag Link Mon Oct 15, 2012
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