Asked by our_first_home, 02452 • Fri May 20, 2011
We are looking to buy a new construction in a suburb of Boston, MA in a huge development. From their past sales records on MLS we have seen that they have not offered much discount on the list price, however there is no way for us to know if that price included high end upgrades into it. The price of the house is say $500k for instance, we feel that we can ask for the builder to include 2.5% of upgrades into the final price and also negotiate for further discount. Instead of paying this 2.5% to an agent, we feel that we can use that for our upgrades. But are we missing something here? So at the end of the day of for a 500k house, we can get $17,500 in upgrades and I basically use the 2.5% of the agent commission 1% discount for myself!
Alternately, I will be paying the 2.5% to the agent and will have to pay for the upgrades from my pocket. The former sounds more attractive, however is there anything else we are missing or should consider other than the financial aspect?
Real Estate in Waltham
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