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new construction: Today Was A Rough Day. - 07/14/07 07:50 PM
Ever have a day where it just seems you'd have been better off staying in bed? Of course, that would just make it worse.
9a-Showed a foreclosure house with mold growing EVERYWHERE, picked up about a dozen mosquito bites while there. Not a good start. And my buyers weren't investor types-rather the first time buyer looking for a 'deal', so no way it would make sense for their limited budget.
1030a-Met clients at new construction to chat with the builder. Best part of my day, they have good available lots with low lot premiums and an excellent location. I think they'll move forward … (19 comments)
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new construction: Mama Was Right - 04/11/07 02:51 PM
I suppose that every Southern girl has been told many times in her life:
"Why buy the cow if you can get the milk for free?"
Being a goody two-shoes for the lion's share of my years on this earth, this advice was absorbed and on I've moved with life.
Last night, I realized how much this old saying has to do with real estate in today's marketplace of educated buyers and sellers. Who have often been incorrectly educated. Or incompletely educated.
I can get a little cocky at times, since I'm good at what I do. I've learned from the best, dialogues … (12 comments)
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new construction: Sellers, Don't Discount Your Competition - 02/18/07 07:56 PM
Now that I've hooked you, note that I mean the other meaning of 'discount' here.
Many sellers in our marketplace are in denial about new construction. Even though they drive by the crazy corners on the weekends, with 15-30 new construction lead-in signs indicating a new neighborhood here and a builder closeout there, many folks still don't think it applies to them.
Let's think about this from the buyers' perspective, shall we? This very subject was front and center for the past three days as I worked with a retiring couple who are moving to the Charlotte area from New Hampshire. Their first … (6 comments)
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new construction: Your Co-Worker May Not Be the Best Resource for Real Estate... - 01/05/07 02:31 PM
Now I know she's a lovely person and has been a great friend to you at work! But when you mentioned to her that you were considering purchasing a newly-built home instead of a resale home, she piped up that you wouldn't need me as your agent anymore-in fact, you wouldn't WANT to have an agent.
Let's talk about this, shall we?
First of all, no slam on your co-worker. We don't really know what has happened in her past to make her distrustful of Realtors-heaven knows that bad experiences abound-which is one reason that I myself am bound and determined to raise … (5 comments)
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new construction: Happy ActiveRain Story to Share! - 11/16/06 02:49 PM
So if you read my blog post from last night about my friend who was unable to close at the last minute....here's the update.
I spoke with Jeff Belonger, a fabulous, high-customer-service-type lender here on AR, per the recommendation of other lenders such as Brian Brady. Jeff was on the ball and ready to talk to my friend to see what her options might be.
Turns out that her credit and her husband's credit scores were both sub-par. No way to get the 100% financing that was promised. No way to get a loan at this time.
And the worst part is that … (19 comments)
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new construction: How do some lenders stay in business???? - 11/15/06 09:12 PM
This is NOT directed at most of you lenders on AR-you seem to be the types who conduct your business properly and with a high regard for your clients.
A friend of mine called me tonight (unfortunately, she got my voicemail since I was watching the UNC basketball game), in tears, could barely understand her. She was expecting to close on a house today. Buying new construction (we met and became friends after she was already in the process of buying directly from the builder). The builder shall remain nameless (but the slogan for them in the Realtor community is 'Building Tomorrow's … (18 comments)
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new construction: Do you REALLY need a buyer's agent when you are building? - 10/15/06 07:02 PM
YES! There is a lot of information floating around on the internet questioning why in the world you would want a buyer's agent to get paid when you build a home, since we don't DO anything for you in the process.
Point 1. You are paying the same price either way (at least in the Charlotte market). Builders in general do not want to irritate the Realtor community by cutting us out. They know that we represent repeat business whereas the average homeowner is a one-shot deal.
Point 2. See above. Realtors are repeat business. Why does this affect you, the buyer? Because … (1 comments)
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new construction: Should you use the builder's in-house lender? - 10/15/06 06:53 PM
About half of all transactions that closed in our metro market last year were new construction. My client base is no different, I've represented buyers with just about every reputable builder (and if you don't know who in your market is reputable, that's precisely why you DO need representation in new construction). And without exception, they offer $x in closing costs or upgrades or discounts IF and ONLY IF you utilize their in-house lender partner.
The question you have to ask yourself is: "Where is the breakeven point?" Because, my friends, NOTHING in life is free. That incentive that you are being … (1 comments)
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Leigh Brown Charlotte NC Broker/Owner
Charlotte,
NC
More about me…
RE/MAX Executive Realty
Address: 7752 Gateway Lane, Suite 204, Concord, NC, 28027
Cell Phone: (704) 507-5500
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