“I stopped by the sales office today – they actually increased the prices to $688,990-$729,990 with $30K incentive for the final release. I guess nothing is impossible, but getting that down to low-mid 500’s sounds like quite a task.”
$690k with 30k incentive, that is only $110k away from $550k. that seem like a perfectly fine spread. you put in that offer for $520k, the builder comes back with a counter for $580k, you counter that counter with $530k. builder thinks it over and says yes.
very much in the realm of realistic negotiation with a builder in default and desperate to get some cash money to say afloat.
now you walk in with a realtor, let’s just call him or her fuzzywuzzybroker, and the builder thinks oh darn, got to pay that 3%, best deal you’ll get is $545k.