Quote:
Originally Posted by Captaincanada80
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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Get a good realtor to do the negotiations for you. As a buyer, you don't pay commissions.