(Closed) New construction homes – lowering the price?

posted 6 years ago in Home
  • poll: Were you able to get the price lowered on your new construction home?
    Nope - we bought it for what it was listed at : (2 votes)
    50 %
    Yes - we were able to get the price down some : (0 votes)
    Other - please explain : (2 votes)
    50 %
  • Post # 3
    Member
    14404 posts
    Honey Beekeeper
    • Wedding: June 2011

    I was told that you can’t really negotiate the price, unless the developement is built out and the houses arent sold.  But if you pick your plot and build, you’re pretty much stuck at asking, and the only thing you can get is free upgrades.  I dont have personal experience to back that up though.

    Post # 4
    Member
    76 posts
    Worker bee
    • Wedding: October 2011

    Yep what pinkshoes said.

    They’ll offer upgrades (my parents got a free hottub once), but I’ve never seen them lower the house’s price.

    Post # 6
    Member
    579 posts
    Busy bee
    • Wedding: August 2010

    In the current market we are in(based Toronto’s market), I would be really surprised if a new construction builder would lower the price for you. It all depends on how bad they want to sell the house.   Is it inventory home, or is it on a less desirable lot? if not, i don’t think they would lower the price. The only other suggestion is maybe  not including some of the upgrades in your package to lower the base price of the house. I think our builder offered 20K in free upgrades or 6000 off the list price.    However, I would think you might have more luck asking for extra upgrades in your deal.  But even then I would think that might be iffy they would give it to you.  I guess it depends on the builder and what their incentive package is like. Normally, resales are the homes you have bargaining power with not new construction.

    Post # 8
    Member
    891 posts
    Busy bee
    • Wedding: August 2012

    @cherrycoke: I voted other. We’re building and we did pay the list price of the house. However, we did get quite a bit of credit towards upgrades/design stuff.

    If the house is already built, but yet to be lived in you could probably negotiate. Several builders would lower the cost of those houses that we talked too. But not for a built from scratch home.

    Post # 10
    Member
    891 posts
    Busy bee
    • Wedding: August 2012

    @cherrycoke: If they are still building in that area where the house you want is, chances are they’ll lower the price for you of the one that is built. The houses they build have some good upgrades already in them, but the builder doesn’t want them to sit. The longer that house sits, the fewer they can keep building because they don’t want too many inventory homes.

    Also, if people really like that house, but aren’t keen on a certain aspect, they’ll build their own (this is what we did), leaving that house still for sale. You’d be surprised how much they usually want to move those houses.

    Good luck! We looked at ALOT of houses before we decided to build. Just remember not to settle for something you like. If you’re spending that much money, you have to love it!

    Post # 12
    Member
    602 posts
    Busy bee
    • Wedding: October 2010

    My friend bought new construction and inbetween settlement and the initial offer the value depreciated so the seller was forced to lower.  She had about a year inbetween since she had to wait for it to be built so maybe there is some hope depending on your scenario.

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