new home cost

[lsu]

I just purchased another home. My friends are giving me hell for paying the advertised price. Apparently I was supposed to haggle? The home I bought is close to my office and was at a somewhat fair price(I believe). My question is whether most people haggle over the cost of new homes. According to my friends I should have.?.?.

 

[spiderwoman]

Depends on if you want to give your money up without atleast trying. The price you see is ONLY the asking price and any seller is willing to negotiate. If the price wasn't already lowered, there is always room to haggle. I never pay the listed price for any big ticket item without trying to haggle. My Dad and both brothers are builders and they always taught me how to haggle on all big ticket items.

 

[reefkprz]

I saved over 15,000 dollars off the cost of my home by haggeling. of course every situation is different, if the seller knows they can get their asking price they may just refuse to sell if there is too much haggeling. I would have to say its totally based on the individual situation but you can usually knock money off the asking price because its tradition in the housing market to ask a little more than you expect to get, that way you can get what you want out of the house.

 

[al mc]

Everything is worth only what someone is willing to pay for it. If you are comfortable with the price you paid,( not trying to be a jerk ).....who cares.
Enjoy your new home and realize you are saving money everyday on your shorter commute.

 

[mimzy]

we just came to a settlement regarding the price of our first home - we bargained bc the asking price wasn't reflective of the true condition of the house. i strongly suggest having a home inspection done before you go to closing, or you might wind up with some nasty surprises. in our case, at least we know about what's wrong so we can set about fixing it asap - and the current owners have to give us credits towards repairs as well - these are things that should have been fixed ages ago. the general practice is to bargain for the price of the home, but if you were comfortable with the asking price, it doesn't really matter much. just make sure you are getting what you are paying for with a good inspection.

 

[bionicarm]

Originally Posted by LSU
http:///forum/post/2674160
I just purchased another home. My friends are giving me hell for paying the advertised price. Apparently I was supposed to haggle? The home I bought is close to my office and was at a somewhat fair price(I believe). My question is whether most people haggle over the cost of new homes. According to my friends I should have.?.?.
Depends where you live, and what the housing market is like in your area. For instance, up in Michigan, they're giving houses away. Not sure what part of Louisiana you live in, but if you researched the area you bought your new home in, and the price you paid is close to the going rate, then there's no reason to try and haggle. Did you get a realtor to give you a listing of all the homes near where you just bought? Did you go to your property taxing district and see what your neighbor's homes are appraised for? Also depends on what improvements or ammenities this home had over other homes in the area.

 

[katiev]

For a year, I worked as an Admin. Asst. for a real estate office. I can't think of a single instance when a full asking price offer was made. I'm sure it happened a few times, but in relation to the number of lower than asking price offers...

 

[dragonzim]

I paid about 20K less than asking price for my house. You should always offer less than what the seller is asking...

 

[stdreb27]

It all depends. Personally, even if you think the price is right, short em a couple grand, most of the time the realtor will try to talk them into selling because it is so close. Especially with houses everything is negotiable.