New construction incentives in San Marcos too good to be true?

[Omer Hassan]

Hi BP family,

I'm looking at a new construction home, single family, in San Marcos that is being offered as a "home of the week" deal by the builder. They're offering about 75k worth of incentives, and I'm allowed to use that in a variety of ways.

I'm lowering the price by 65k, and using the rest towards closing costs so I can have cash on hand for the next property. 

I'm wondering if this is typical? 75k seems overkill for an incentive and I'm wondering if something is wrong here? I was able to get the seller agent to give a 30 day grace period where I can get my 1k deposit back for any reason. What can I do during that 30 days to make sure I'm getting the best deal possible? 

Original price is 375k and I'm getting it for around 310k.

Would appreciate any help here as I am investing out of state, though will be house hacking and living in the home for a bit. Also a bit worried about finding renters since its a bit far from the University, but still within a 10 min driving distance.

Thank you!