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AKQA NY thoughts?
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Hello fishes, need help in finding a suitable job change for one of my relative. She is an Associate at Cognizant with 7.5 years of experience. Her experience domain is in functional testing and manual testing. Her preferred job location is Kolkata.
Any leads would be very much helpful. TIA
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Coach
Why would they discount the house? If you can only afford 400k pass on the house and they’ll happily sell it to the next person at full price
To add to what was said, we looked into a neighborhood that said starting in the low 200’s. When we got there, all the lower priced houses/lots were already taken, making the lot and the house that went on that lot a higher price. So yes the sign stated Low 200’s but the only thing available was the high 200’s.
They showed us MLS listings of the lower priced ones to say, we’re being honest, you just missed the lower priced one.
Sounds more like bait and switch. They advertise a model not available with basic finishes to lure you in then try to upsell you into the model you probably want but can’t afford.
I’m working with a bulk home builder. I own the land. For about 270k they’ll build a 1700sqft house. I’ll have to get a construction loan. I’ll make payments that entire time I’m waiting for it to be built. Then I’ll have to refinance it into a traditional mortgage. It’s probably gonna cost closer to 300k. They don’t include cement work, utility hookup, landscaping, and I need a septic system. New home build isn’t for everyone.
Yeah, but I’m kind of wondering why they wouldn’t include the utilities and the cement work into the cost. I know here they don’t set the loan until the house is actually built so you don’t have to go back and get another loan.
Most people can afford more house than they actually buy. That shouldn’t and usually doesn’t impact the price the seller sets. Especially if you’re dealing with a builder - they do this all the time presumably and have their price targets set well before they start getting offers or marketing the homes. Though as a matter of practice usually lenders will lower the pre approval amount to whatever you ask them to / the offer price you plan to bid if you ask.
Part 2. Like they can manipulate price bc they know how much you got approved
Coach
Their sales price is based on demand. They don’t care how much you got approved for
They’re not just going to discount the house because what you get approved for like somebody else said they really don’t care. It’s basically how much you can get financed for. Most builders can set an interest rate that’s more favorable however, that’s not always the case.
They will not discount the house
the only thing builders are thinking about in terms of price is what they have to do to sell out the neighborhood so they can put their money into the next project. they hate having it tied up for long periods of time.
but none of that has anything to do with your pre-approval. you just need to understand that the “starting at” price is for the smallest house, on the worst lot, with the cheapest finishes, and that most houses in the development will be higher. if you can afford 400k, then look at developments starting at 300k, and get something on a nice lot, and a few upgrades, that comes up to your budget.