"Let me shed some detail on the first offer. I did some basic research about asking rates for house prices before making my offer. Even when I met the broker for the first time, I clearly informed him of our budget. Our budget was about $500 per sq ft. As per my research, that was the high point of the range at which property deals were happening this year in our area of choice. Since we were looking at completely newly built properties, I was happy to pay the high point of the deal range. When the houses were shown to us, the builder of flat 1 quoted us an offer of $650 per sq ft. We simply said no to this one. "
You guys made a good decision here..
RE: Importance of understanding Incentives