Friday, August 26, 2011

Can I Negotiate With A Builder? | Rock-n-Roll Real Estate Agent

questions

Q: I?m looking at a townhome. They are 4 years old and have sold only one. Most units are rented by the builder, but there is a great unfinished unit that we could finish. The builder offers allowences for the finishes, plus $6000 off of advertised asking price. Even with that discount, I feel like they would be willing to negotiate. Is it appropriate for me to do that myself, or should I get a Realtor? Would it be worthwhile for both the builder and my Realtor if I had one to negotiate this deal or should I just do it myself?
?Tyler, Madison, WI

A: You won?t know unless you try. In my experience EVERYONE is negotiable. I think it would be in your best interests to ask your Realtor to assist you. Negotiate away and good luck!
Maria Picardi-Kenyon is a Realtor? with Re/Max Tri County Realtors in Hamilton, NJ

A: You can do it yourself. But that is usually like throwing chum in the water?.

We just had a client that I sat with at a new housing center ? I was able to get her a $3500 credit, washer/dryer, upgraded flooring and a window covering allowance ? plus we offered 10K less than the asking price ? we were met 1/2 way.

It will serve you will to have a representative when you approach new housing ? For sure?
Connor Mac Ivor is a Realtor? with RE/MAX of Valencia in Santa Clarita, CA.

A: If the builder is offering a real estate commission already I don?t think you lose anything by hiring a Realtor. If the builder is not you should discuss that with the builder and your agent. Of course you can always negotiate anything by yourself or with assistance. I am a Realtor and a big believer in buyer representation.
Franne Schwarb is a Realtor? with Charleston Fine Homes in Charleston, SC.

A: Have you already registered with the builder? Sometimes builders will not let a Realtor come negotiate after you?ve already started the process. I have a lengthy blog post about why its good to have a Realtor on your side during new construction on my website. The builder pays our commission. Google ?Do I need a Buyer?s Agent to Purchase New Construction? and you?ll find more info on this.
Liane Jamason is a Realtor? with Keller Williams Realty in Tampa, FL.

A: If you use your Realtor the builder will compensate her/him. You would also have someone looking out for you best interest.
Anne Elizabeth Oliver is a Realtor? with Roy Wheeler Realty Company in Charlottesville, VA.

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