Zillow Advice: Buying Process - How much can I expect to get discounted off asking price from builder (on new home)? http://www.zillow.com/advice-thread/How-much-can-I-expect-to-get-discounted-off-asking-price-from-builder-on-new-home/210192/ Zillow Advice | Zillow Real Estate @Betina,It's against the ... http://www.zillow.com/advice-thread/How-much-can-I-expect-to-get-discounted-off-asking-price-from-builder-on-new-home/210192/ @Betina,<br/><br/>It's against the law for them to require to use their lender, or to offer discounts for using their lender, but not if using an outside source.<br/><br/>It is legal for them to require a pre-approval from their lender. But, the buyer is still allowed to use the lender of the buyer's choice. ..... Happy funding, Rudi Wed, 08 Sep 2010 02:03:00 GMT http://www.zillow.com/advice-thread/How-much-can-I-expect-to-get-discounted-off-asking-price-from-builder-on-new-home/210192/ 2010-09-08T02:03:00Z Everything just depends....however ... http://www.zillow.com/advice-thread/How-much-can-I-expect-to-get-discounted-off-asking-price-from-builder-on-new-home/210192/ <p>Everything just depends....however if you cannot get a price reduction you may be able to get some upgrades, a discount on the lot premium&nbsp;or extra appliances.<br/><br/>The time to negotiate ask is <em>before</em> you sit down to draw up a contract.<br/><br/>Eve in Orlando</p> Tue, 07 Sep 2010 22:11:00 GMT http://www.zillow.com/advice-thread/How-much-can-I-expect-to-get-discounted-off-asking-price-from-builder-on-new-home/210192/ 2010-09-07T22:11:00Z Some builders offer incentives, ... http://www.zillow.com/advice-thread/How-much-can-I-expect-to-get-discounted-off-asking-price-from-builder-on-new-home/210192/ Some builders offer incentives, some require you to use their lender. Investigate them all or work with a Buyers Agent to help you navigate the home buying process. Often when a builder is closing out a neighborhood they will offer steeper discounts or free upgrades. <br/><br/>Be careful when buying in a new community, if you get laid off and need to sell your 1-3 year old home you will be competing with that same builder. That is not a position you want to be in. <br/>Sincerely,<br/>Betina Tue, 07 Sep 2010 19:24:00 GMT http://www.zillow.com/advice-thread/How-much-can-I-expect-to-get-discounted-off-asking-price-from-builder-on-new-home/210192/ 2010-09-07T19:24:00Z If the home is in inventory ... http://www.zillow.com/advice-thread/How-much-can-I-expect-to-get-discounted-off-asking-price-from-builder-on-new-home/210192/ If the home is in inventory (meaning that the home is already built), then it is common to ask (and receive a discount).<br/><br/>However, if the house is a pre-sale (not yet built), rarely do builders offer discounts (beyond what is already advertised through incentives).<br/><br/>For a builder, the cost to 'hold' an empty lot is a lot less than holding a home already built, ready for occupancy. Thu, 12 Aug 2010 00:00:00 GMT http://www.zillow.com/advice-thread/How-much-can-I-expect-to-get-discounted-off-asking-price-from-builder-on-new-home/210192/ 2010-08-12T00:00:00Z My husband can frame your ... http://www.zillow.com/advice-thread/How-much-can-I-expect-to-get-discounted-off-asking-price-from-builder-on-new-home/210192/ My husband can frame your house at a discount. call him today kryptonite Builders Wed, 11 Aug 2010 18:21:00 GMT http://www.zillow.com/advice-thread/How-much-can-I-expect-to-get-discounted-off-asking-price-from-builder-on-new-home/210192/ 2010-08-11T18:21:00Z Patrick is right.&nbsp; Depends ... http://www.zillow.com/advice-thread/How-much-can-I-expect-to-get-discounted-off-asking-price-from-builder-on-new-home/210192/ Patrick is right.&nbsp; Depends on the builder.&nbsp; Asking a local agent may save you a lot of time.&nbsp; Most Builders like working with agents, and agents that know their area are typically knowledgeable about which builders currently have buyer incentives going.<br/><br/>These may vary from one home to the next, and may not always be advertised even.<br/><br/>These are known as "holdbacks".&nbsp; Something that the salesperson can offer a potential buyer to get them off the fence.&nbsp; My last new home sale had a $14,000 buyer incentive, which we used to furnsih the home with appliances and a price discount.<br/><br/>Some will offer just closing costs if you use their lender, others will give you a dollar amount to use any way you want, for price reductions / upgrades / closing costs, etc.<br/><br/>And the really good thing, most builders pay the agents fee out of their advertising budget, so it doesn't mean you'll get a better deal everytime by not using an agent.<br/><br/>Just make sure the agent really knows the area you're looking at!<br/><br/>Hope this helps, and happy hunting! Sun, 16 May 2010 22:10:00 GMT http://www.zillow.com/advice-thread/How-much-can-I-expect-to-get-discounted-off-asking-price-from-builder-on-new-home/210192/ 2010-05-16T22:10:00Z The answer to this question ... http://www.zillow.com/advice-thread/How-much-can-I-expect-to-get-discounted-off-asking-price-from-builder-on-new-home/210192/ <p>The answer to this question depends heavily on the builder and the market in the area your are purchasing.&nbsp; Some basics:&nbsp; If the builder has little inventory and their homes are selling rather quickly, don't expect much of a discount because they don't need to.&nbsp; They already know&nbsp;someone will come along and pay them what they are&nbsp;asking.&nbsp; If the builder has lots of inventory and sales are slow, you should be able to get a decent discount.&nbsp; The amount of discount will depend on the builders profit margin, the age of the home you are interested in, other incentives being offered, etc.&nbsp; In our area, we have builders bringing money to closing to pay off loans just to get rid of the homes (meaning they took a loss on the home just to get it off their books). Your best weapon will be a Realtor who specializes in new home sales and has good negotiating skills.&nbsp; Have your Realtor perform a CMA for the area and pull a PAR History report for the builder's current and past inventory.&nbsp; This will give you a better idea of what you can get the house for.<br/><br/>If you are local (Houston and Surrounding Areas), we have a team that specializes in New Home Sales, just visit [link removed by moderator]&nbsp; for more information.&nbsp; From your post it appears you are in Beaumont.&nbsp; If so, it may greatly benefit you to find an agent familiar with the builder in your area (Beaumont).&nbsp;</p> Fri, 13 Mar 2009 23:29:00 GMT http://www.zillow.com/advice-thread/How-much-can-I-expect-to-get-discounted-off-asking-price-from-builder-on-new-home/210192/ 2009-03-13T23:29:00Z