Seattle New Construction Bargaining Power

Seattle & Seattle Suburb New Construction How To s 

seattle real estateI recently saw a question on another site about new construction and pricing and whether or not you could get a deal on a Seattle suburb new construction house.  It seems the buyer's agent had told them that there was absolutely no bargaining power with a builder.  Essentially, this Seattle area buyer was told to pay full price and not try to negotiate.   HELLO????  Sorry, but as a buyer, even in a hot market, you should always try to get a good deal for yourself!!!  That is why you hire us!!!!  I consider myself an advocate for hot deals and responsible representation, and I am not alone!  There are many great agents out there that can successfully negotiate on your behalf.

In the past negotiating with builders wasn't easy so this may have been somewhat true, although I have always tried to negotiate with builders on behalf of my buyers.  In the 2008 Seattle real estate market, I think builders are expecting EVERYONE to negotiate!  Seriously, go in lower than ask and ask for A LOT of seller concessions! You are a golden buyer in a market where buyers have decreased and inventory sits a little longer.  This is your time!

Even in faster Seattle market times, negotiating should always be in your mind when it comes to getting a house at the best possible price.  Even when builders weren't budging on price much if at all, they were still running specials and throwing in builder perks.  I had one buyer that purchase don a builder special only to find that he liked the builder special they ran the next month better. What did we do? I called and asked for the new special and they gave us both specials.  Builders want to make you happy!

My Tips for putting in an offer on Seattle area new construction:

  1. Go in low on price
  2. Look at their preferred lender and see if your lender can beat that offer
  3. Ask for closing costs
  4. Ask for upgrades and add ons (fencing, better appliances, a nicer landscaping package, hardwoods throughout instead of carpet, etc.)
  5. Put up as much earnest money as possible to be a stronger buyer
  6. Have your preapproval in hand

Lastly, don't be afraid or ashamed to offer less even if the house is beautiful.  It is a lot easier to get a better deal on new construction than a resale in my opinion because the builders are just looking at it as a business transaction.  It really isn't personal and they want you to love your house!  They also want you to bring in more buyers by telling them how great the house is and what a great deal you got on it.

Courtney Cooper ....For all your Seattle Washington Real Estate Needs! Seattle Area Real Estate Agent: Broker and Realtor serving North King & South Snohomish County.  Seattle Real Estate and Seattle Suburbs!  Cooper Jacobs Real Estate Services:   Experienced REALTOR with a background in accounting - I love my clients and work hard for them! Please call me if you are looking for a home or investment property (including short sales, preforeclosures, foreclosures, and REO properties) in Seattle (Ballard, Crown Hill, Phinney, Ravenna, Maple Leaf, Green Lake (Greenlake), Greenwood, Northgate, Lake City,University, Sand Point, Laurelhurst, Windermere, Fremont, Wallingford, Queen Anne, Westlake, Eastlake, Lake Union, Downtown, Madison Park), Shoreline, Edmonds, Brier, Lynnwood, Mountlake Terrace, Lake Forest Park, Bothell, Mill Creek, Everett, or other Seattle Suburbs!

 If you are thinking of relocating to Seattle, I am an expert at Seattle Relocation services and can help you find the perfect home while making sure it is a solid financial investment! 

 

 


Courtney Cooper

Seattle Realtor, Owner/Designated Broker/EcoBroker

Cooper Jacobs Real Estate

courtney@cooperjacobs.com

206-850-8841 

(Seattle real estate - search all MLS listings from all companies for FREE), SeattleAfloat.com (Seattle Houseboats), GreenLakeLoop.com (Green Lake Blog), QueenAnneBoulevard.com (Queen Anne Blog), MagnoliaView.com (Magnolia Neighborhood Blog)

About Me: 

Seattle real estate has been a big part of my life for well over a decade since I began my career in real estate,but also before that time when I was in the process of purchasing my own first home.  Buying your first home can be quite overwhelming,but I have managed to help many first time home buyers along the way.

Move up Seattle buyers and other types of specialized purchasing is a great passion of mine!  I love Seattle houseboats and you can find me down on the docks of Lake Union and Portage Bay several times a week.   Other aspects of Seattle real estate that I adore include Queen Anne Real Estate,Wallingford Real EstateBallard Real EstateGreen Lake Real EstateLaurelhurst Real EstateMagnolia Real Estate,andSeattle Waterfront Real Estate.

In addition to being a Seattle residential broker and founder of Cooper Jacobs & Seattle Afloat, I am also a member of CBA (Commercial Brokers Association) and head of the Cooper Jacobs Commercial Division in an effort to provide excellent commercial real estate services to the Seattle commercial real estate industry.  With a background in accounting and management, it is my great pleasure to coordinate our Seattle commercial brokers. 

About Cooper Jacobs Real Estate's Seattle Branch:

 My office at Cooper Jacobs Real Estate LLC is located centrally near all my favorite Puget Sound neighborhoods just a few blocks up from Lake Union in Seattle’s Wallingford.  Cooper Jacobs Real Estate is a wonderful place filled with talented Seattle real estate brokers and I count myself extremely lucky that I get to spend so much time with these wonderful people.  We specialize in different Seattle neighborhoods and suburbs in both residential and commercial real estate and are all very passionate and excited about each of our favorite Seattle neighborhoods and industries!

©Courtney Cooper ©Cooper Jacobs Real Estate LLC

2 commentsCourtney Cooper 206-850-8841 • April 18 2008 03:03PM

Comments

I have to say I also ask for more allowances and fixes from a builder after an inspection or walkthrough then I would with a traditional seller.

 

Posted by Rob Graham (Windermere Real Estate) about 4 years ago

Here in NW IN this past winter one builder was negotiating paying up to 6 months of Buyers mortgage just to move excess inventory in the winter!

Excellent post Courtney.

Sincerely,

Grace

Posted by Jeff & Grace Safrin, Broker / Owners, SFR, CRS, Northwest Indiana (F.C.Tucker 1st Team Real Estate) about 4 years ago

This blog does not allow anonymous comments