2007-10-31 08:17:09 · 6 answers · asked by jeff g 1 in Business & Finance ➔ Renting & Real Estate
Now's the time!!!
Look for new homes that are currently being listed with liens placed on them to collect construction material fees from the developer (this is usually found at the town hall).
Watch for developments that are under new management, they are there to sell them off to cover a bankruptcy filing by a developer.
DON'T be the first one in the development. Many times the first one in has to provide the funds for the utilities to be connected, this is then added on to the closing costs of the others who follow, so in effect you have to put up the money first and may take a while to collect it back. (this is why there are so many undeveloped lots in Florida, nobody wants to be first).
Good luck and happy house hunting.
2007-10-31 08:30:23 · answer #1 · answered by Sgt Big Red 7 · 0⤊ 0⤋
Sure you can. Best bet for new housing is in a new subdivision though. The first few houses that sell sort of set the market value for the neighborhood. I learned this when we were house shopping.
Besides, the housing market has slowed down so much that builders and developers and cutting their losses and basically dumping the houses for cheap to get some of their money back. It's definitely a buyer's market right now.
2007-10-31 08:19:55 · answer #2 · answered by Bridey 6 · 0⤊ 0⤋
It is a buyer's market right now. A lot of houses are foreclosed and sellers are willing to negotiate. Their idea is to get some kind of profit than to hold onto the property and pay mortgage themself. Start the offer really low and work your way up. If you're not willing to pay higher than a certain amount, just turn away and look at other places. If the seller is really desperate, he'll call you back to negotiate.
2007-10-31 08:28:41 · answer #3 · answered by Mrs Apple 6 · 0⤊ 0⤋
Absolutely, builders will negotiate just like anyone else. They may not come down on the price in order to protect other residents but they might cover all the closing or throw in a lot of amenities, such as landscaping, deluxe counter tops, screened in porch, finished basement etc.
2007-10-31 08:23:21 · answer #4 · answered by Don 5 · 0⤊ 0⤋
If you are buying a used home you have room to play within reason and what the sellers are willing to go to. If you are building a new home, then no.
2007-10-31 11:48:48 · answer #5 · answered by dawnb 7 · 0⤊ 0⤋
you can negotiate for any property including the new homes.. found some great home buying information, it may not be for your area but its got some great tips.. good luck
http://www.beachcitiesrealestateonline.com/
http://www.beachcitiesrealestateonline.com/PageManager/Default.aspx/PageID=2039552
2007-10-31 11:08:59 · answer #6 · answered by Pure Genius 3 · 0⤊ 0⤋