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Updated almost 8 years ago on . Most recent reply
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New construction Negotiations & Concessions with a builder
Hi everyone. I am a real estate agent and am representing a buyer on a new construction home.
I am curious what negotiation tactics have worked well for you (as a buyer's rep) on new construction homes.
Are builders inclined to give additional price breaks... or hold firm on prices but "throw in at no additional cost" a certain option. Or will they do both?
How much (in dollar terms) have they discounted?
Notes: The house has a base price of ~$350k. Buyer is looking at options between $20-40K. It's in a community of 50 homes, with about 12 left. The builder is currently offering a slight discount package available to anyone who stops by the model home office. I am looking to negotiate even further and would love your insight and/or what's worked for you in the past.
Thanks in advance!
Most Popular Reply
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Most builders will not move on price because they don't want to hurt the comps, but they are much more likely to give you some free/discounted options.