Is It Usual To Pay List Price For A Home Owned By The Builder?
If a home was built to the specs of a customer and the deal fell through after the home was built, is there usually room for negotiations for a new buyer or does the builder always stick to the list price?
Tags: Builder, Home, List, Owned, Price, Usual
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November 11th, 2009 at 12:58 pm
no, we bought ours for 30k under, same situation., and you can also ask them to throw in stuff like blinds, garage door opener, fridge, etc., i guess you just have toknow how to negotiate, it never hurts to ask too. good luck.
November 11th, 2009 at 6:27 pm
This is determined by the market trend in that area. In the Southern California market of 2004…there were bidding wars at times…if you can actually believe that.
However, in the current market discounts are expected.
November 11th, 2009 at 7:55 pm
The seller (builder) will usually get at least 94% – 97% of the list price. It’s all a matter of negotiating. I personally made an offer on a house for $7k less than asking, with the builder adding a fence, paying closing costs and adding a garage door opener and it was accepted.
November 12th, 2009 at 1:06 am
The builder is like any other seller. He/she has an asking price and a bottom line price. If your offer falls anywhere between the two, you may have a deal.
Talk to an agent about writing an offer. You can do this yourself if you would rather and have the know how. Then submit the offer to the builder and wait. They will either accept, reject or counter offer.
Good luck
November 12th, 2009 at 7:53 am
The sale price will be for whatever the buyer is willing to pay. It could be higher than list or lower.
For instance, if the spec included a pool, and the buyer didn’t want a pool, he’d be free to offer less. If the builder didn’t have another buyer willing to pay more, he migh have to sell it at a reduced price. As the other poster mentioned, the buyer may be able to negotiate things like filling in the pool. Many people actually do that.
November 12th, 2009 at 9:32 am
fortunately for you, the general housing trend has led to buyers market. newly built homes are in surplus and builders are fairly motivated to get rid of them. use your angle to get a price decrease and even incentive items like free appliances.