Follow Up - What do you think of this deal...
A few days back I posted about selling a home and buying new construction if the loss on our home would be a wash with current deals offered by builders.
On Saturday my wife and I visited a community of singles and a few twins. We actually liked a spec twin (2200 sq ft, 3 bed, 2.5 bath, and a fairly large upstairs loft that can be, or converted one day into a 4th bedroom) they had, and may move forward. Here is the deal...
Originally listed at $309. Now reduced to $289 last month.
$15K closing credit for use in any way (reduce price, closing costs (any lender), etc.
Approx $2K Title Insurance paid by builder in addition to closing credit.
$18K in upgrades (granite, upgrade cabs, tile backsplash, deck, SS appliances, etc., etc.) for 5K
This will more than cover what I would lose on my house (if we can sell it). And that is what she "threw" at us...no negotiating yet. I don't know if they would move further, but I will sure try.
What do you think. My cousin lives in a home constructed by this company that is 12 yrs old...and she is very happy with it.