Reply to Getting a (relative) "deal" on a new build

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think builders would rent it out before they would sell it at 10 percent off list...[/quote]

Really? I’d assume they’ve worked in a healthy profit margin so they could take a 10% hit if needed and still come out ahead. Those houses probably cost max $1M to build based on quotes we’ve gotten to build similar houses on our own lot and then say the lot is $1M so if you’re priced at $2.5M you’ve got $500K ish profit margin to play with. 10% discount is $250K so you’ve still got $250K profit. But maybe that’s not how they look at it?  [/quote]

Interest, lot clearance, realtor fees, closing costs, staging. It all add up. With that being said, MR has closed on house near me that was sitting for a long time. I think it was originally listed around $3.5 and it closed at $3.075. I am confident that he still made money. His houses aren't that nice. [/quote]

Wow, can we see photos of your house! I think MR homes are pretty darn nice, though overpriced and I agree there is probably a LOT of room for profit for the builder. [/quote]

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