Asked by Joe, Mboro • Wed Aug 5, 2009
A builder has started construction of first 2-3 of the several same/similar houses he plans to build. He may be OK with a price(say $350k) that is much lower than the listing price(say $400k) but he won't do it to avoid future buyers using that price tag to negotiate and further drive the prices down. I have heard/read that in such a case builder includes free upgrades such as HDTV, finished basement or even a car; to keep the sales price high. I do not want free upgrades because i just don't have the additional money. Is it possible/legal to include following builder paid incentives in the sales price(which i will be paying anyway) :
- closing cost (~ $8000)
- first year property tax (~5000)
- first year asso fees (~5000)
- a brand new honda civic within 90 days or $13000 cash (since new civic costs $17k, he will pay cash)
what are the other (legal) ways to achieve objectives of both of us?
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