New construction options

[Shawn Dandridge]

My wife and I are looking at buying a condo in a new development. With options the price was around 240k. Options alone were about 30k of this. I know for a fact that the options from the builder are highly inflated. I was thinking of offering 60% of the quoted price on my bid for the options, is this fair? The builder, Ryan Homes, is also pushing a 5k rebate on closing costs but then they turn around and charge a 1% processing fee along with an application fee of $500 essentially wiping out the "rebate", I thought this was illegal? We are already paying a 2.15% funding fee through the VA loan program, so we are essentially paying this twice, once with the builder and then again through the govt? The mortgage company is NVR Mortgage which is owned by the NVR, Inc, the owner of Ryan Homes and the mortgage company.