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Updated over 2 years ago on . Most recent reply

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Ray Vernon
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How to know if you're getting a good deal with new construction

Ray Vernon
Posted

Hey everyone, im hoping some of you with more experience could share some wisdom. This would be my first property i'm purchasing using a conventional loan. I plan to stay in it for a year and then use it as a rental property. 

Link to home

I'm wondering how to know if you're getting a good deal when it comes to new construction. The home was first listed for $340,000 then dropped to $328,000. In person, the realtor said she may be able to get it down to $300,000. But i noticed on the MLS, the prices of other homes sold are listed with price ranges from $280k to $340k which doesn't help with comparing .

It seems like a steal from the off the table price cuts but it also makes me question why.

What are things you look for to determine a good deal?

Thanks in advance, kindly.

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