Buying a Beazer home already built at asking price?

Question

I wanted to know if the housing market is getting better? Is it in some States and not others? We are looking at homes back in our home state. Beazer there has homes that are already built, and their asking prices are anywhere from $230,000 and up. If the housing market is bad still why are they still building homes without people purchasing them? Also if they are asking $230 for a home what is the lowest you could offer and they would prob take it? All this is just some questions and advise. We haven't done any paper work yet. We are still looking at other homes. Has anyone heard bad things bout Beazer? thanks!

Additional Details

Also how or where can you go to see what the housing market is like in a certain town or state? We are first time home buyers.

Answer 1

Best Answer - Chosen by Asker

Make them a low offer and ask them to pay 3% of the sales price in your closing costs, especially if you were not referred by a real estate agent. Most new home tracts are paying at least a 3% commission to agents. Often times more. Last year in Las Vegas most tract's were offering 10%-12% Realtor commissions, or would put in a pool without charge. Builders are heavily discounting standing inventory.

I'd offer at least 5% under asking price and in addition your closing costs. If the sales are not brisk, they will accept your offer.

Tell them that you can close is 30 days, but no later than by the end of the year. Builders want to get rid of standing inventory as soon as possible. They want to clear their books before the end of the year. It cost the builder at least $2000 a month for every home in their inventory.

Asker's Rating:

Asker's Comment:

Thanks for the info!

Answer 2

The only way to know how much to offer is to look and see how much Beazer is selling similar homes for. If they are selling for $210,000, offer $210,000....if they are selling for $230,000, that's what they are going to want (although there may be other perks they are throwing in such as closing help, upgrades, etc.).