Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
New Construction Help!!!
So my wife and I want to build in a brand new development in a nice area. The scary thing is, we will only be the second home in the development, so there is some risk involved. The deal is, the land developer and the builder are doing end loans and we basically pick the floorpan and everything we want in it. One of my questions is, do we have negotiating leverage with the builder due to the bit of risk involved building in this new neighborhood?
I've never bought OR owned a home before so I'm not even sure if I can negotiate on a new construction home. They are basically giving me a price for what that home costs and the upgrades we want to put in it are obviously extra. Is this negotiable? I just don't want to get taken advantage of seeing as we have never owned a home before.
Thanks in advance for help!!