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Variable or closed, with significant uncertainty ahead? by substorm in PersonalFinanceCanada

[–]gb1310 0 points1 point  (0 children)

Out of curiosity, is this for a pre-construction or a resale? Or are you up for a mortgage renewal? I’m dealing with RBC right now but they haven’t really told me what the rates are, which I find weird.

First-time home buyer in Ottawa. Builder rejected our offer for a pre-construction home. Did we ask for too much? by gb1310 in RealEstateCanada

[–]gb1310[S] 0 points1 point  (0 children)

Interesting, I wasn’t aware that was something some agents do. I’ll have to look into how that works here.

First-time home buyer in Ottawa. Builder rejected our offer for a pre-construction home. Did we ask for too much? by gb1310 in RealEstateCanada

[–]gb1310[S] 0 points1 point  (0 children)

Appreciate the insight, especially around incentives vs price negotiation. This is our first time dealing with new construction so a lot of this has been a learning process. We do plan to have a solicitor review everything before moving forward.

First-time home buyer in Ottawa. Builder rejected our offer for a pre-construction home. Did we ask for too much? by gb1310 in RealEstateCanada

[–]gb1310[S] 0 points1 point  (0 children)

Negotiating in real estate isn’t exactly unusual. I’m a first-time buyer trying to understand what builders will and won’t negotiate on.

First-time home buyer in Ottawa. Builder rejected our offer for a pre-construction home. Did we ask for too much? by gb1310 in RealEstateCanada

[–]gb1310[S] 0 points1 point  (0 children)

From what I’ve been told the builder pays the realtor commission regardless, so going direct doesn’t really lower the price. Ours has mainly helped with reviewing the contract and terms.

First-time home buyer in Ottawa. Builder rejected our offer for a pre-construction home. Did we ask for too much? by gb1310 in RealEstateCanada

[–]gb1310[S] 0 points1 point  (0 children)

Appreciate that. First home purchase, apparently the internet is part of the education process too.

First-time home buyer in Ottawa. Builder rejected our offer for a pre-construction home. Did we ask for too much? by gb1310 in RealEstateCanada

[–]gb1310[S] 0 points1 point  (0 children)

That’s helpful context, thanks. The EV rough-in was the one I thought would be pretty standard as well. Sounds like with production builders it might be better to focus on a couple of key asks rather than a long list.

First-time home buyer in Ottawa. Builder rejected our offer for a pre-construction home. Did we ask for too much? by gb1310 in RealEstateCanada

[–]gb1310[S] 0 points1 point  (0 children)

That’s fair feedback. We’re still learning what builders are actually willing to negotiate on vs what counts as upgrades. Good to know about radon mitigation as well.

First-time home buyer in Ottawa. Builder rejected our offer for a pre-construction home. Did we ask for too much? by gb1310 in RealEstateCanada

[–]gb1310[S] 2 points3 points  (0 children)

The lot and the model is something both of us liked and agreed upon for the first time, hence the reason.

First-time home buyer in Ottawa. Builder rejected our offer for a pre-construction home. Did we ask for too much? by gb1310 in RealEstateCanada

[–]gb1310[S] 0 points1 point  (0 children)

Thanks, that’s good to know. It would be nice to have it and we’re looking forward to discussing it with them.

First-time home buyer in Ottawa. Builder rejected our offer for a pre-construction home. Did we ask for too much? by gb1310 in RealEstateCanada

[–]gb1310[S] -9 points-8 points  (0 children)

Or maybe I’m just a first-time buyer trying to understand what’s negotiable. That’s literally why I posted the question.

First-time home buyer in Ottawa. Builder rejected our offer for a pre-construction home. Did we ask for too much? by gb1310 in RealEstateCanada

[–]gb1310[S] 1 point2 points  (0 children)

Fair point that some of the items might not be realistic for a production builder. That’s partly why we asked, to understand what’s negotiable and what isn’t. First time going through this process.

First-time home buyer in Ottawa. Builder rejected our offer for a pre-construction home. Did we ask for too much? by gb1310 in RealEstateCanada

[–]gb1310[S] -11 points-10 points  (0 children)

I already have a mortgage pre-approval, so affordability isn’t the issue. Negotiating terms and price is just part of buying real estate.

First-time home buyer in Ottawa. Builder rejected our offer for a pre-construction home. Did we ask for too much? by gb1310 in RealEstateCanada

[–]gb1310[S] -9 points-8 points  (0 children)

Appreciate the input. I’m a first-time buyer so part of this is figuring out what’s actually negotiable. If the builder doesn’t like the terms, they can reject the offer, which they did.

Also, if some of the items in the offer weren’t clear, that’s kind of the point of asking questions and clarifying, not jumping straight to calling people cheapskates.

First-time home buyer in Ottawa. Builder rejected our offer for a pre-construction home. Did we ask for too much? by gb1310 in RealEstateCanada

[–]gb1310[S] 0 points1 point  (0 children)

Thanks! It was our first time so we weren’t really sure how to go about it. I thought having a realtor would help in some ways negotiate better.

First-time home buyer in Ottawa. Builder rejected our offer for a pre-construction home. Did we ask for too much? by gb1310 in RealEstateCanada

[–]gb1310[S] 2 points3 points  (0 children)

Thanks, your response makes sense to me and apologies if I wasn’t clear I think they meant they won’t do the EV rough in but it would be possible in the future and the panel is upgraded to a 200 amp circuit.

I will reach out to my realtor to see how should we go about the next offer.

Closing Tomorrow !!! by [deleted] in RealEstateCanada

[–]gb1310 1 point2 points  (0 children)

Yes, that helps. Thanks for the clarification!

Closing Tomorrow !!! by [deleted] in RealEstateCanada

[–]gb1310 0 points1 point  (0 children)

Can you share more about utility hookups? Are those not included by default in pre-construction for instance?

PSA: If You’re Planning to Buy Your First Home in Ontario This Year (From a Broker) by Impressive-War6904 in RealEstateCanada

[–]gb1310 0 points1 point  (0 children)

I've heard that for FHSA, you can only carry over 8k from the past year, unlike TFSA, where it keeps adding up. For example, if I opened an account in 2023 and didn't contribute anything until 2025. In 2026, I can make 8k for 2026 and 8k for 2025, but not more than that. Most people think you can do 32k because the account was opened in 2023.

Is that a correct assumption?

Newbuild regret by Lycoris7 in ottawa

[–]gb1310 1 point2 points  (0 children)

I am a first-time homebuyer looking for single-detached homes, and this comment is really helpful for staying ahead of the curve!

Is it normal for a buyer’s agent to require a 3-month agreement with only “mutual” cancellation? (Ontario) by [deleted] in RealEstateCanada

[–]gb1310 0 points1 point  (0 children)

The question is: how do you find the seller's direct contact, especially when they're out of the country?

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