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MERITAGE HOMES WARNING

I recently got my clients a great deal on a second home in Yellowstone at Mountainsedge....While they are going to be very happy and I wish them the best.......I got the shaft.....They offered the home at 250k and I got it for them for 237k (the model).....They offered a 4% commission even, thinking that that is why I brought them....Unfortunately, they neglected to mention that the 4% commission was on $148k, not the sales price....It's always in the fine print, but they should have put in Bold SCREW YOU AGENTS....I just wanted to warn everyone that This is the MERITAGE way of business....I suggest you really think twice before you take ANYONE in there...

Posted by Jacob Mitro on 04/14/2008 08:27 PM

Comments (6)

6 Comments on MERITAGE HOMES WARNING

APR

2008

I haven't sold a new home yet, but thanks for the heads up!

OK I have to ask what was in MLS .. List price and commission ?

Now I have sold new homes that state the builder will not pay commission on upgrades .. you get paid the base price.. not 100 k in upgrades is a lot

Great reminder, always read small print especially when working with builders.

I'm guessing that the commission was paid on base price?? (Pretty Common here in PA with Residential New Construction). It's usually spelled out pretty clear in our MLS. That's pretty depressing though if it's not spelled out though (like it seems it wasn't in your case..)

Wow... You would have thought that the builders would have realized that they need us in this market... Bad Builder...

APR

2008

No it was not in the MLS...It was new..They aren't members of the Association...Therefore they think they can get away with being downright nasty...I did not expect to make anything on the upgrades...Base price minus incentive is how it reads....but They are stating 92k in incentives...I was only expecting to get paid on the the base minus what they had stated as the net incentives....237k minus the closing costs paid 230k.....but apparently they think that a downturn and depreciation of value should not affect them...They think the house is worth 237+92k= 329k....it was only 1650sf....and like you said Debbie ......Don't bite the hand that feeds you.....

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