I am looking to buy a home, new construction. What should I ask the contractor? What incentives are typical.?

I am looking in Bakersfield, CA. The real estate market is one of the worst in the nation. I'm thinking builders are losing money with land just sitting and empty spec homes maybe I could get a good deal. I just don't know what to ask for as in closing costs, what type of incentives, how much to ask them to discount the price. The house that I like is in a gated community, 2800 sq ft, 4 bed, 3 bath, formal living and dining, 3 car garage, lot is 13,500 s.f. base price is $470 they are willing to throw in a pool. I'd rather they come down on the price. I'm concerned if I don't get a good deal I'll end up losing in the deal if the market doesn't pick up with in the next year or two. Also can I use the equity in my current home as collateral instead of the 25% cash down? Thanks in advance for your answers!

1 month ago - 1 answers