Try out these negotiation tips.
If you are interested in purchasing a new construction home, then you might be feeling concerned about the negotiation process. However, there’s no need to worry. Try out these suggestions to score the best deal on a new construction home.
- Discuss Upgrades, Not Price
When it comes to new construction homes, most builders will not drop below the base price. While the price of a new construction home is non-negotiable, you can negotiate for additional features or amenities. Oftentimes, you can get the builder to add extra amenities to your home without going over the base price.
- Remain Calm
Negotiating with a builder is like negotiating a business deal. This means that you should not get emotional during the process. If you are concerned about your ability to keep your cool, then enlist the services of a trusted real estate agent. They can negotiate with the builder on your behalf and ensure that you do not show your cards too early.
- Consider Finished Homes First
Typically, buyers get the best deal on new construction homes that have already been built. This is because the builder knows how much these homes cost to construct. Attempting to buy a home that hasn’t been completed yet tends to be riskier because the builder cannot predict fluctuations in material or labor prices. This uncertainty makes builders charge more for unfinished homes to account for possible price increases.
- Be Ready to Walk Away
If negotiations come to a halt and the builder seems unwilling to work with you, then you need to be prepared to walk away. Giving in to the builder will give them the upper-hand which they will use to bulldoze you. By holding your ground and actually walking away, you show the builder that you are serious. Oftentimes, they will be the ones who come running back to you.
These are some of the suggestions that you should try to negotiate the best deal on a new construction home. Once you close on the home of your dreams, it’s time to start looking for the right homeowners insurance. For assistance with all your home coverage needs, contact the experts at Gant Insurance Agency today.