I went to the sales office for the new home community below this week. They are offering 4-2-1 financing (6.7% or so fixed 30 year, they pay 4% the first year, 2% the second year, then you pay the 6.7% rate…). Also, they said to ‘make a reasonable offer.’ What is reasonable? They pointed to a 850k house and said 800 might be. I’m thinking 750 would be too because a friend in the new home business told me that 100k off is reasonable right now. No plans to buy for me though. But look at the sizes of these homes:
Atherton
Richmond American
Single Family Homes
3,399-4,171 Sq. ft.
Priced from the low $800,000s
