Are Builders Flexible with their Terms? With a Photo of Reno, NV

Are Builders Flexible with their Terms? With a Photo of Reno, NV 

This is becoming more common question from my clients.  Buyers are so savvy nowadays.  My response is "everything is negotiable."  We also discuss the differences of negotiating with a builder and average home sellers.  We also get into the pros and cons of new home and resale homes. 

Builders here in Reno, NV are offering all sorts of incentives.  To mention few things that builders do to entice buyers are credit towards closing cost, FREE refrigerator, FREE washer, FREE dryer, and FREE window coverings.  Unlike resale homes, they do not budge on their asking price.  Believe me, I have tried negotiating the price for my clients.  The best thing they were able to offer my clients are 4% towards closing cost and FREE washer, dryer, window coverings, and refrigerator.  By the way, we cannot use our standard paperwork.  We have to use the builders' paperwork.  They also require 1% of purchase price as earnest money.

Builders have gotten smart and only build homes as they get a buyer in escrow.  This strategy keeps outstanding inventory to a minimum. Their construction time right now is 5-6 months due to weather constraints.  Our homes do not have basement.  We do not have tornadoes here. 

Picture below was provided by my talented friend Ken Terry (775) 772-7031. Check out my other blogs for more photos of Reno, NV.

  Emerald Bay 45-minute Drive from Reno, NV

Are builders in your area more flexible?  Do you have to use their paperwork?  What is their construction time?  What is their requirement for earnest money?

Catherine T. Sinocruz, e-Pro, ABR, GRI, CRS 
Broker-Salesperson
"Fluent in English & Tagalog"
www.CatherineNevadaHomes.com  ~ Homes for Sale
info@CatherineNevadaHomes.com ~ Stay in Touch
Prudential Nevada Realty
1675 Robb Drive, Suite 6
Reno, NV  89523
(775) 338-3757 Mobile

Disclaimer: The opinions expressed by The Active Rain Network and its members and those providing comments are theirs alone, and do not reflect the opinions of Catherine T. Sinocruz of Prudential Nevada Realty.  Catherine T. Sinocruz and Prudential Nevada Realty are not responsible for the accuracy or content provided by The Community. Contents of this blog should not be copied or reproduced without the consent of Catherine T. Sinocruz.