Negotiating in a market that is cooling off

[Ivan Xiong]

Hi all,

I've been looking to settle on a primary home and I've found a new construction townhouse located in West Seattle. I'd like to make an offer that i'm comfortable and don't want this to break my savings i've set aside for future property investments as well. I'm unsure if the builder will go for my offer but I'd like to offer 5-10% less than what the listing price is.

Has anyone run across this before especially in a market that is going through a cooldown period like Seattle? I'd love to hear and learn more about this from the community.

Thanks,

Ivan