Bump...
Okay, Need the collective thoughts from you CP'ers. First time home buyer here who is looking to get into the market. My current situation is im renting on a M2M lease and have 2 roomies moving out in AUG. Ive been approved for a 250K mortgage but would prefer to keep it lower at around 240K.
Ive found through a reputable builder the exact place im looking for listed at 250K & im about to make my first offer this evening. My questions to all of you
* How much do builders usually look at taking off the list price?
* If im looking at settling at the 240K range, What would be a solid first offer.
* What points do I use as leverage if the rationalle of the offer comes up EG.(I won't be using a real estate agent essentally saving the builder 6K.
* How long do you wait to either counter there offer or call them if you haven't heard on the original?
Once again, I love the area, place is great, builder seems good, great staff but Im not sure where to come in on the offer. I don't want to be insulting, I just want the lowest possible price.
Thanks for the advise and all the help!
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