Home Buying in 90710>Question Details

Upy, Home Buyer in 90710

. The builder has listed the price for an end unit at $ 429900 compared to $ 399900 in Harbor city, CA. How much can I bargain for the price?

Asked by Upy, 90710 Wed Oct 13, 2010

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5
Well, it depends, how motivated seller is to sell it. You can certainly make your offer and try your best or take assistance of some professional realtor and try to negotiate the price. We certainly need to find out valid reason, why builder should lower the price than the list price.
0 votes Thank Flag Link Fri Oct 22, 2010
Hi Upy, you can bargain for as long as you wish until you either get the price you wish to pay, or the seller says no deal for the last time. Nothing prevents you from opening your bids very low...NO is not a four letter word...
If you do choose to start way low, be prepared to hear that no several times, and look closely at any counter offers made based on your first contract. Good luck.
Make sure you are properly pre-qualified for your financing and you are ready to get to the closing table quickly, another good point in your favor that may get your offer accepted before another similar offer. A great lender like Home Savings of America can get you prequalified or fully approved even without a contract!
Good luck...Jim Ryan, Home Savings of America. 703 591 5626 ext 419.
0 votes Thank Flag Link Thu Oct 14, 2010
Hi Upy, the price is always negotiable. Basically you have to know what the comps are for the area, and try to suss out the motivation of the Seller. Is there anything special you can offer the seller? All-cash? Fast closing? No inspections? That can help get the price down. FYI, it is not typical in the Los Angeles area to use an attorney for a real estate transaction, but it can't hurt, that's for sure.
0 votes Thank Flag Link Wed Oct 13, 2010
Upy,

I am a local Broker and specialize in the sales of new construction. If you would like representation, I would be happy to schedule an appointment so we can discuss your options.

You can represent yourself or have the builder's representative represent you. Or you can have an independent Realtor represent you and use their knowledge and connections to get you the best possible price. You should not expect an informed answer to your question above from a Realtor. There are too many variables to try and answer such an important question.

Michael Magaw
New Homes and Land Brokers
310.259.6850
M@NHLBrokers.com
Web Reference: http://www.NHLBrokers.com
0 votes Thank Flag Link Wed Oct 13, 2010
Hi Upy. Two important points of advice for you: First, look at the top of this page and you'll see Find a Pro. Click it and put in the zip code or town where you're buying in CA. This will give you many agents that are ready, willing and able to help you with this negotiation. That's why they're here at Trulia, to help buyers like yourself.

Second, make sure you have an attorney represent you, always, but especially with a builder. It will save you lots of heartache, grief and sleep. A good real estate attorney should not be charging more than $1000 for a typical real estate transaction/closing/review.

GOOD LUCK.

Scott Miller, Realty Associates, Boca Raton, FL
0 votes Thank Flag Link Wed Oct 13, 2010
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