The best negotiating tip I could offer would be to get yourself an agent. Negotiate it with the builder to include his/her paying a buyer agents' commission and then find a good local full-time agent who has experience with new construction.
There is no rule of thumb on how much to ask off a list price. As agents, we base our offers on comparable sales. So, you'll need that information in order to base an offer. Many times builders will not even negotiate on their asking price, or they will give you an ""extra"" included in the price. A local agent should know what the builder does generally when selling their properties.
If you are looking for recourse to the Home Inspector, review the contract you signed at the time of the Inspection. The state requires certain procedures if something was not addressed and how you move forward with the Inspector.... more
There used to be! however, about 6 years ago the owner sold out and now it's all "houses" There was one in Tualatin next door... but, same thing. This area is very popular, therefore land values tend to rise.... more
There is no rule that you have to just ACCEPT the bank's counter proposal - or walk away. You also have the ability to submit a counter proposal. Not too long ago we went around with the bank on a short sale 3 times before they finally gave in (just a week before the auction) and accepted the offer we'd submitted (and stuck to).... more
Not all banks and lenders are created equal. On the other hand neither are buyers. Using the tools that each institution has in place, unfortunately most try to place you into a package "they" have, as opposed to building a loan package that is most suited to "your" needs.
For the most part unless you actually work for the bank or already have a mortgage with them, they are not likely to give you the best program. They only have "their" package.
On the other hand, a good mortgage broker can "shop" for the program that is best suited for you. If the lender you are using is worth their weight in salt they will listen to your long term neeeds. Why, because this is a long term commitment and goals need to come into play.
Many today are not upsizing or downsizing, they are right sizing. Same with lenders as they take on mortgage clients. They need to find the 'right" program for the consumer that will be marketable for the lender in the future as well.
I always guide my clients to get a good faith estimate from two you are most comfortable with and we sit down and compare together. Always good to have a second set of eyes looking at the numbers. Chances are if their is a big difference, the other will meet or beat it. Banks do not usually have that option.
I have my short list of lenders that I believe will put your concerns to the forefront. They are listed on my website www.RobertaNopson.com
If you need any assistance in your buying needs here in West Linn. I would welcome the opportunity to earn your trust and confidence.
Accredited Buyers Representative