You can try to negotiate anything. Resale homes are probably a little easier to negotiate but don't let that stop you from trying. Have your agent pull comparable sales of similar homes in the same neighborhood and then, at least for the resale homes, make a 'punch list' of all the thing you think need to be repaired or need upgrading. Present your offer along with comps and the punch list. Then, sit back and wait to see what happens.
I just put a house under contract for a buyer at $210,000. The house was originally listed for $287,000 and the asking price had just been reduced to $249,000 when we made our iniial offer of $190,000. Every time the seller countered our offer, we went over the comparables and the punch list. They finally decided to say 'yes' at $210,000.
For new homes, yes, you can negotiate for upgrades and you used to be able to also negotiate for a buy down on the mortgage, which would get you a lower interest rate for the first so many years but let the builder still technically claim a higher selling price so as not to dissuade future buyers.
Go for it! And good luck!... more
FHA ironically does not have a minimum credit score requirement. They have talked about implementing one... Most of the actual lenders have "credit overlays" where they require a minimum of 620 FICO. There is in additiona a down paymnet of 3.5% required and you have to meet debt to income ratio's... Please feel free to ask any additional questions!... more
I give house warming gifts to every buyer I've ever worked with. As I'm a former executive chef and very food oriented, my gifts tend to be kitchen related. Recently I've been giving a lot of higher end cutting boards, but have also given gift certificates to some of my favorite restaurants, serving paltters etc.... more