How to negotiate new home price with home builder?
Any article/website or experience here can share?
Thanks in advance!!
Aug 12th, 2017 6:12 pm
Aug 12th, 2017 6:36 pm
Aug 12th, 2017 6:42 pm
Aug 12th, 2017 6:57 pm
Yep pretty much this.
Aug 12th, 2017 7:03 pm
Forgot to mention I am in Calgary, I know it is crazy in vancouver and toronto, lol.
Aug 12th, 2017 7:05 pm
Aug 12th, 2017 7:06 pm
Hey give it a shot though. If they aren't selling they might sweeten the pot for you. Might not be in dollars but possibly in upgrades.
Aug 12th, 2017 8:26 pm
ThanksGee wrote: ↑Aug 12th, 2017 7:05 pmYou can't negotiate price. If you look, there are people lining up trying to buy new builds.
What you can negotiate are the options. Builders usually offer $10,000 for upgrades, ask for $25,000. Make sure you fix the closing costs too. Don't want that to get out of hand.
Aug 12th, 2017 11:40 pm
Aug 13th, 2017 10:00 am
To add to this. Usually they'll cooperate with an agent only if they call on your behalf and set up an appointment at a sales center. They don't have to be there but they need to have contacted them on your behalf first for the builder to collaborate with an agent.ablessa wrote: ↑Aug 12th, 2017 11:40 pmIf you know a real estate agent thatll give you a break on their comission, some builders will allow them to represent you in purchasing. Otherwise the builders agent rep takes it all. It may be a little different Alberta but i was able to use a friend/agent when i bought my 1st home in ontario a couple years back. Otherwise you should be able to negotiate stuff to be included in home price
Aug 13th, 2017 10:13 am
Aug 13th, 2017 12:09 pm
Aug 13th, 2017 12:38 pm
Rumours only. And many builders do not participate with oitside Realtors so they don't have to pay commission. You have 10 days after signing the deal to get independent legal advise. In most cases builders won't change THEIR standard contract so that is futile as well. In this market, the builder holds all the cards.
Aug 13th, 2017 12:51 pm
I was able to negotiate credit for upgrades and add ons, but in the end, they still get you.
Aug 13th, 2017 1:44 pm
wow that sucks. I know a guy he builds basement, he booked a new house - ask them to not put any finish in. They said they have to legally put things in, he talked to contractors on site and asked to go as light as possible becasue he is going to litreally rip everything apart. He repainted, re did floors, stairs ... everything.Gee wrote: ↑Aug 13th, 2017 12:51 pmI was able to negotiate credit for upgrades and add ons, but in the end, they still get you.
I negotiated all hard wood floors over carpet and got $25,000 credit toward upgrades. When I went to the design centre, I found out the hardwood floors were basic and I needed to upgrade them. The cost of the upgrade was $40,000. They charged me for tiles and concrete for the shower etc. everything was an upgrade, even the handle for the shower door.
The kitchen faucet was a $2,200 upgrade and I found the same faucet on Amazon for $450