Buying your dream home might sound fun, but the reality is that many people find the task daunting. Building and buying a custom home made to your specifications can seem expensive, but many builders are open to negotiation. What is the best way to negotiate with Lennar Home Builder?
For the best possible deal on your new home, you can negotiate with Lennar by keeping the following points in mind:o
- When you are buying
- Find incentives or better deals
- Shop around for financing
- Consider HOA fees
- Consider model homes
Below, we’ll discuss how looking at some of these options can help you negotiate with Lennar. Keep reading to learn how to get your dream home at a more affordable rate!
How Can I Negotiate with Lennar?
If you want to build a new home, you might choose to work with Lennar.
Lennar Home Builder has a proven track record of success. But, that doesn’t mean negotiation is out of the question.
There are certain times of the year when it is easier to negotiate your home price with Lennar. If you cannot negotiate the sales price, they may be open to finding you incentives that will bring the overall cost down.
Negotiating and thinking about these aspects will ensure you pay the best price for your new home.
What Can Influence the Price of My New Home?
If this is your first time building a house, you may not know where all the extra costs are coming from.
Many things can influence your home price, including:
- Land price
- Size of the home
- Lot acreage
- Cost of building materials
- Labor costs
- Market conditions
Even though all these aspects will play a role in the price of your home, negotiation is a great way to bring the overall cost down or bring the value up.
When You Are Buying
You might be surprised to learn that the time you build your home can influence how willing companies like Lennar are to negotiate a better price.
Lennar’s fiscal year ends in November. Toward the end of this term, they are more eager to get rid of their inventory. For this reason, the later months of the year are a good time to negotiate the price of your new home.
In addition to the end of the fiscal year, Lennar is sometimes eager to get rid of the last stock in a development around the end of each quarter.
These are some of the best times to negotiate.
But of course, if you’re buying in a brand-new development, Lennar will probably be less willing to negotiate on the actual home price.
Luckily, there are other ways to get the cost down.
Find Incentives or Better Deals
If the builder is not in a position to negotiate the actual sale price, they might be able to find you incentives or better deals.
You may be able to negotiate better finishes on your home, or even get something like appliances at no additional cost. This can make a big difference in your home’s overall cost and value.
Lennar may be willing to reduce closing costs when you use their preferred lender or title company. Since closing costs can be high, this could mean a significant price cut.
Always ask about the prices of other lots in the community.
There is often a wide range of lot prices, and you may be able to get the same acreage for cheaper just by making sure you are getting the best price available.
Shop Around for Financing
Even if you can get an incentive for using the builder’s preferred lender, you should still shop around for financing.
Getting better rates elsewhere might save you more in the long run than you would save upfront from incentives.
Consider HOA Fees
Homeowner’s Association, or HOA, fees are another thing to consider before you buy your home.
These fees can vary in cost, and it can be a big expense if you aren’t sure what to expect. This is especially true when you are just starting out.
A lot of times, Lennar will waive these fees while the community is still being built. That can save you plenty of money to put into other places.
Consider Model Homes
When building a new community, Lennar will often create a “model home” to show potential buyers the best example of what their home can be.
They use some of the best finishes and upgrades to ensure the model home is enticing to prospective buyers. But, they usually end up selling this home at a big discount.
This is because many people have toured the home, and you won’t have your choice of finishes. If you like the model home, buying it is a great way to save money.
Buying a brand-new home can be expensive, but buying from a trusted source like Lennar is important.
There are many ways you can negotiate with Lennar Home Builder. You can ask them about incentives, consider buying the model home, and more.
All of the points listed above will give you an edge when negotiating, helping to keep down the initial costs of buying.