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Home Builders Ramp Up Incentives to Attract Home Buyers
Home builders are battling for buyers as competition forces home prices down Home builders have always offered home buyers deals, but in times when the housing market is slowing down and buyers are getting the upper hand, builders dream up all sorts of incentives to attract buyers. Take, for example, price cuts of several thousand on top of free upgrades, free car, and a free trip to a luxury Hawaiian resorts.
The slowing market is not good news for builders. According to the U.S Census Bureau, new home purchases tumbled in September to the weakest pace since December 2016.  This prompted the flow of generosity from home builders who don’t want new-builds sitting empty for long. Builders across the nation are battling for buyers to offload properties before selling conditions deteriorate further.
It is easy to be drawn when builders offer these nice sweeteners to purchase their property. Buying a home is probably the biggest purchase of your life, so any help is welcome.
Builder IncentivesThe following are the incentives builders use to lure home buyers:
Lower Asking Price on "Spec Homes" – builders often build spec homes from time to time. Builders buy a lot and start building even without a buyer yet, “speculating” ... more

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