Negotiating lot

mkiv808August 19, 2009

I put down a deposit on a new construction home a few months back. It's being built now. It was heavily discounted due to its location within the development. It's closer to a semi-busy street at the edge. Not the best spot.

In fact, I've decided that I'd rather pay more for another spot. An identical home is being built in the far corner that's a much nicer spot and more isolated.

I got mine at 340k with options. The other identical unit is being offered at 400k with 10k in options (mine has 20k in options). Thing is - they've been trying to sell that unit for almost a year. And nothing.

I'm thinking I could get them down. Any advice on negotiating? I'm going in with the mindset right now that I'll spend 370k, 380k tops for the unit with the exact same options as the 340k I bought.

Any tips?

Thank you for reporting this comment. Undo
ncrealestateguy

I doubt they will let you out of your contract. Your home is partially built. They realize that they can't even sell the home that is on a premium lot, and you want to leave them holding a partially built home on a crappy lot. I think your chances are nil, but you might as well ask.

    Bookmark   August 20, 2009 at 7:51AM
Thank you for reporting this comment. Undo
mkiv808

They are open to switching. These are townhouses. My unit has nothing "special" built into it yet that they couldn't resell it, and it would be easier to sell at its lower price point. A lot more demand than the other unit.

    Bookmark   August 20, 2009 at 7:54AM
Sign Up to comment
More Discussions
Questions for buying a home with a septic system
I just came across an interesting article about issues...
cbrooks42
pros/cons of first floor master
I've looked at several newish (1990s or newer) homes...
hairmetal4ever
An offer to purchase when house not on the market
This has not happened yet, but I want to be prepared. Our...
belfastbound
Relocating and Finding New Services/People/Businesses
If you are moving or have moved to an unfamiliar town...
DLM2000
1031 Reverse question
We already purchased an investment property and are...
Patience Spina
Sponsored Products
Herman Miller | EamesĀ® Elliptical Table - Quick Ship
YLiving.com
DW 3528 Double Row LED Strip Light 240/m 15mm wide 5m Reel
EnvironmentalLights.com
Steele Brushed Nickel Four-Light Vanity
$198.00 | Bellacor
Offi | Rockabye Storage Rocker
$199.00 | YLighting
Jamie Young Spring Weave Gun Metal 30" Wide Pendant
Lamps Plus
Knotted Indoor Lumbar Pillow
Grandin Road
P8024 Chandelier by George Kovacs
$470.00 | Lumens
Modern Indoor/Outdoor Braided Area Rug: Colonial Mills Rugs Brook Farm Winter
Home Depot
© 2015 Houzz Inc. Houzz® The new way to design your home™