To get a deal like the above, you’ll need to buy a home that’s already built, or near completion and doesn’t yet have an owner. It’s one of the rooms you’ll spend the most … Find the right home. The seller declines the offer. Patent pending. That said, there are many under-the-radar discounts you can receive that will functionally reduce the cost of your new construction home. For those of you in the Denver metro, see below for the fiscal year-end dates. If the builder foots the bill, that goes straight in your pocket and is almost as good as a discount on the sale price. Is a brand new home on your wish list? Copyright: © 2019 Redfin. A definite positive. We are planning to make an offer on new construction home. Decline the offer. Particularly if you live in a market where home sales and buyer interest have slowed of late, like they have Denver, it’s well worth investigating what home builders have to offer. Dragging your feet. In fact – we’ve yet to see a new construction home (or re-sale for that matter) have a completely clean home inspection. TREC: Info About Brokerage Services, Consumer Protection Notice. Be very sincere, but play hard ball. “Even though overall housing market activity dies down as the holidays approach, late December is the best time to negotiate a deal on a new home,” said Redfin agent Connie Durnal, who’s based in Dallas. 4. with competitive pricing and complimentary upgrades in order to move increased inventory before 2019. Some home builders are offering 50000 in upgrades, low interest rates plus 10% off on further options, others are saying "whatever you want" others are offering 35-40k off on spec duplexes, another is offering free land. All rights reserved. Second, realize that publicly-owned residential home builders need to report their sales numbers to investors at the end of their fiscal year. Buying new construction is like any home purchase: you need a team with your own interests at heart. Let’s go back to the example above of the home priced at $500,000. Yes, interest rates are very low, but what would you say if the builder was willing to buy down your rate even lower as part of the closing package? Assuming you can’t negotiate with a builder. Our realtor says we must first negotiate on purchase price with builder and then once we agree on purchase price..negotiate on closing costs!!! Do you Making offer on new construction (Fairfield: sales, real estate market, appliances) - Connecticut (CT) - City-Data Forum Particularly if you live in a market where home sales and buyer interest have slowed of late, like they have Denver, it’s well worth investigating what home builders have to offer. For the higher-end appliances buyers need to pay to upgrade. Here are some tips and items to keep in mind if you have a client interested in purchasing new construction. Other Discounts: Builders may throw in landscaping to sweeten the deal, or discount the price of adding in or finishing a basement in the home. But they will throw things in on top, like a huge $10,000 credit at their design center for custom color cabinets, extra lights, or other features that are going to cost you.”, “A builder is a corporation; treat it like a business transaction without emotion. Copyright: © 2019 Redfin. This December has turned out to be particularly lucrative for buyers in the market for a new home, as builders’ sales have slowed this year, leaving the largest supply of new homes for sale than we’ve seen since at least 2012. Home builders tend to release the homes in phases. The new home buyer will quickly find out that this is not true and hiring a REALTOR® can actually end up saving them additional money and headaches in the long run. 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