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Builders are offering crazy incentives!

By
Real Estate Agent with Southern Homes of the Carolinas

Can you say buyers market? I can't believe the incentives that builders are offering to unload their inventory homes before the end of the fiscal year!  Plasma TV's, thousands of dollars in closings cost assistance, very large discounts off of the orginal list price, and bigger, better agent bonuses and commissions than ever before.  Some builders must be losing money on their homes at the prices that they are "giving them away" for in Charlotte.  Of course, I understand that these deals typically come about at this time of the year, but this seems a little more excessive than in years past.  I have literally been getting one e-mail after another from local builder sales reps in the Charlotte market.  It appears that now is definitely the time to buy new construction if you didn't already know that or if you hadn't already read your 20 e-mails today pertaining to price slashing on new homes.  I'm not really in the market for a new home myself, but maybe I should be!

Sara D'Amico

SaraD@kw.com

www.BuyandSellwithSara.com

 

Anonymous
Rick Hurst

Sara,

 

The builders here in the Dallas area are doing the same thing.

I was on a Home Inspection the other day and the builder was giving away a Lexus to the selling agent of his home.  Nice perk I'd say.

 

Rick Hurst

Home Works Inspections

Rockwall Tx ( Near Dallas)

Nov 30, 2007 09:55 AM
#1
Trevor Ainsworth
Century 21 Jack Associates - Burlington, VT
Burlington Vermont Real Estate
i agree. there are some great builder deals out there right now. i am seeing some excelent rent to own situations that would have never been used 2 years ago. it gives a buyer more borrowing power and the chance to get a better home than they thought they could afford.
Nov 30, 2007 10:06 AM
Sara D'Amico
Southern Homes of the Carolinas - Huntersville, NC
What?  A Lexus!!  Maybe I'll move to Dallas!
Nov 30, 2007 10:11 AM
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Can you say desperation?  They need the inventory GONE by the end of the year and for the larger companies the stockholders are screaming.

PS as an agent do I really want to pay the taxes on a gift Lexus?  I think not!

Nov 30, 2007 11:18 AM
Sara D'Amico
Southern Homes of the Carolinas - Huntersville, NC
Cindy- Good point about the stockholders.
Dec 02, 2007 06:56 AM