Builders Pulling Out all the Stops-Eagles Pointe in Woodbridge VA

By
Real Estate Agent with Integrity Real Estate Group

varealestatetalk.comThis weekend was the local builders shop till you drop weekend.  As I penned on Friday the builders were going all out to get buyers to their doors.  I had buyers out Saturday at one location and Sunday at another. 

There wasn’t any doubt the builders were offering financial incentives to get the buyers to the table and putting the hype in over-drive to make them feel that this was going to be the last chance to get the “deal of the century.” Since we are early in the 21st century it might be a rather tall statement to say this weekend was the best deal that buyers would ever see.

Having sold a new construction property two weeks ago at a 150K discount with straight negotiation, I’m not 100% convinced that the deals the builders were offering this weekend were anymore than setting the prices where they should have been 3 months ago.  It has been obvious to anyone in real estate for months that prices have been correcting in our area.  I think we will see more of these sales as the correction continues.

I am presenting an offer to a builder tomorrow, this one that wasn’t on TV or advertising huge discounts in the paper.  My sense is that they will be willing to seriously discuss our offer.  It will be interesting to see how much business this weekend generated.  I’m not sure how we will check the numbers. Builders inventory is not usually in the MLS and tax records don’t show incentives so unless we can decipher something from the end of the year stock reports (for the public companies) knowing the true impact of this weekend may remain a mystery.

 

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                                   Real People*Real Lives*Real Estate

If you are interested in learning more about the Northern Virginia Real Estate market including Alexandria, Arlington, Fairfax and Prince William Counties give Cindy Jones and Integrity Real Estate Group a call at 703-346-2213.

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Check out www.varealestatetalk.com and www.cjrealtygroup.com for more information.

Integrity Real Estate Group
 
Real People*Real Life*Real Estate

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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

I rated this one a 5!  The same is going on in our market.  They are just setting the trend and resales will eventually have to follow or get out of the game! 

Sep 17, 2007 01:57 AM #1
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New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
RE/MAX Properties Unlimited, Real Estate - Morristown, NJ
It is so interesting to hear all this builder stuff since we don't have any of those large projects needing to be heavily discounted here in Norther New Jersey.  I am kind of glad in a way.
Sep 17, 2007 02:37 AM #2
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Builders are still pulling out all the stops to sell their inventory.  Great deals can be found all throughout Northern Virginia.

Sep 26, 2010 04:00 AM #3
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