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re: Running into issues trying to buy a house
Posted on 6/13/19 at 11:07 pm to JabarkusRussell
Posted on 6/13/19 at 11:07 pm to JabarkusRussell
Assuming the house hasn't been built yet, you could get upgrades on cabinets, carpet, tile, fixtures, etc.
My parents bought a new house a couple years ago. They bought in an early phase and got free upgrades on a vaulted ceiling in the family room, full height stone fireplace (they paid for half height), expoxy garage floor, and upgraded light fixtures.
My parents bought a new house a couple years ago. They bought in an early phase and got free upgrades on a vaulted ceiling in the family room, full height stone fireplace (they paid for half height), expoxy garage floor, and upgraded light fixtures.
0
Posted on 6/14/19 at 3:09 am to JabarkusRussell
$2K is a rounding error and immaterial to a decision.
Posted on 6/14/19 at 5:57 am to JabarkusRussell
quote:
Then that was a failure on the realtor's part to disclose that as if she was upfront about that
No, it was not. You directed the realtor to write up the offer. You walked for a measly $2k because you wanted a deal. The builder probably has a history of selling in the neighborhood and knows they can command full asking price because it's priced fairly for the market.
This is on you, not them.
This post was edited on 6/14/19 at 5:59 am
Posted on 6/14/19 at 6:48 am to nugget
All traditional realtors suck because it’s a broken system.
There are a few out there changing the game though.
There are a few out there changing the game though.
Posted on 6/14/19 at 6:52 am to JabarkusRussell
Sounds like you are either too ,proud because they would not negotiate with you or this house is too expensive for you, swallow your pride and accept the builders offer or move on
Posted on 6/14/19 at 8:40 am to LSUregit
quote:quote:
I have a budget. If I go over a set amount I risk not having enough money should unexpected expenses occur such as a new car, etc. My realtor knew all about what I was comfortable spending. Can I pay full price? Yes especially with my car note being paid off next month. However, I basically will replace the car note with a $255/mo HOA fees. That's not even counting flood insurance, etc.
If 2k is stressing you over this, you're buying too much house. You need to lower your budget significantly.
Especially when you're considering it's $2,000 likely financed for 30 (maybe 15) years at around 4% interest. The difference in payment is negligible.
Posted on 6/14/19 at 9:00 am to lnomm34
quote:
Especially when you're considering it's $2,000 likely financed for 30 (maybe 15) years at around 4% interest. The difference in payment is negligible.
I will have to echo this:
Whether the monthly difference on the mortgage or the having $2K in cash is so significant that you're not buying this house, you will probably look back and be glad you didn't buy this house.
Posted on 6/14/19 at 9:15 am to JabarkusRussell
My experience with a non-national builder was similar. However, I ended up waiting a few more months and the builder paid some of closing. Would not come off of list price for same reason though.
If the house hasn't been built, you may be able to negotiate some of the DSLD upgrades (they include flooring, fixtures, outdoor kitchen, etc.). However, DSLD doesn't build in an area of low demand. They are there because they know the market is favorable to them. You have very little leverage. Go buy from a homeowner if you want to work on a deal. Maybe wait a bit and buy from somebody inevitably selling a DSLD house within the first year
If the house hasn't been built, you may be able to negotiate some of the DSLD upgrades (they include flooring, fixtures, outdoor kitchen, etc.). However, DSLD doesn't build in an area of low demand. They are there because they know the market is favorable to them. You have very little leverage. Go buy from a homeowner if you want to work on a deal. Maybe wait a bit and buy from somebody inevitably selling a DSLD house within the first year
Posted on 6/14/19 at 9:27 am to JabarkusRussell
Sounds like you’d be doing the realtor a favor
Posted on 6/14/19 at 11:52 pm to lsujro
Saw a guy do just that recently. He’s maybe been there 6 months and just realized he doesn’t have enough room for his woodworking hobby/side job.
Posted on 6/17/19 at 11:20 am to JabarkusRussell
quote:Yes. They know they're cheaper than just about any other new construction homes, so if you don't buy it at full price then it probably won't take long to find someone who will. I think they'll give some closing cost assistance if you use their mortgage and title companies.
Is it genuinely common knowledge that DSLD doesn't lower their price for new homes?
quote:$3k a year for HOA dues is insane unless its a condo, but I haven't heard of DSLD building condos. Where's this at? Nicer neighborhoods with pools and other community amenities in St Tammany have HOA dues around $700-900 a year.
$255/mo HOA fees
Posted on 6/17/19 at 3:07 pm to JabarkusRussell
quote:
Is it genuinely common knowledge that DSLD doesn't lower their price for new homes? If that is the case, I am getting a new realtor because someone who brags about how long she's been in the field should know something like that.
You're not working with a realtor, you're working with someone who works for DSLD. Their prices are firm and you're not going to haggle with them... it's simply not their model.
And since you mentioned DSLD, I'm 100% sure the HOA fees are not $255/Mo. Maybe a year...
Posted on 6/17/19 at 5:25 pm to Lickitty Split
It’s tough for businesses. Hard for them to take a stand without it ending up on the news or social media. They are double fricked if they get caught profiling/discriminating
Posted on 6/18/19 at 10:12 am to JabarkusRussell
quote:Shouldve posted this sooner.
a builder
If this is the developer there is no way he takes less than his asking. The current homeowners around him would have an uprising and the future buyers would also want the reduced rate.
As prior posters have mentioned, you may can get a couple upgrades or some other type of incentives such as sod and landscaping if he is having a hard time moving the home.
This post was edited on 6/18/19 at 10:14 am
Posted on 6/18/19 at 10:27 am to JabarkusRussell
quote:
DSLD
Their houses are cheaply built. They cut corners and you're essentially living in a brick and mortar mobile home with a foundation. You dodged a bullet.
Posted on 6/18/19 at 10:43 am to Triple Bogey
quote:
They cut corners
such as?
Posted on 6/18/19 at 11:17 am to JabarkusRussell
quote:
However, I basically will replace the car note with a $255/mo HOA fees.
Since when did DSLD start building country clubs?
Posted on 6/18/19 at 12:22 pm to Chad504boy
quote:
such as?
Cheap materials, cabinets, lighting fixtures, tile, counter tops, paint, concrete, etc. The subs they get to do the work don't give a shite about quality, as they are in a hurry to get to the other 30 houses they have been contracted to build.
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