buyer

The first home (by the street) has been sold for about $70K less than the asking price for the cul-de-sac home. Exteriors and interiors of the 2 homes are the same, both are new construction homes, same amenities, the only difference between them is the location and the lot size. Is this price difference reasonable in this declining market?. What do you think would be a reasonable difference? If the seller is firm and not willing to come down in price, would it be wise to walk away and look for something else or is the difference reasonable. - Thu Apr 24 2008, 13:09

Thank you very much for your feedback. I greatly appreciate all your responses. I have further questions based on your suggestions to help me in my next move
1. Is it legal to talk to the other homebuyers about the details of their deals, what would be the appropriate way to approach them?
2. How would I find an honest appraiser who would work for my benefit? I know that the lender will get one, however, it's the builder's preferred lender so there will be a conflict of interest if I use theirs.
3. For those of you who are familiar with Bothell area, what's the typical comission/bonus that builders provide to the buyers agent. I was told that builders offer buyers agents not more than 1% of the sales price for comission but for resales, the commission is usually 3%. It didn't make sense to me so I want to ask you since you are the experts. Is there a way I can get a detailed listing where the commission's percentages are shown clearly?.

Thanks again for all your help - Sun Apr 20 2008, 20:25