The New Construction Market.

By
Real Estate Agent with Keller Williams Realty

Yes, ladies and gentlemen, the builders are slowing things down a bit.

This means two things;

1) The builders grasp what is happening in the market LOCALLY, and they are willing to be part of the solution instead of being part of the problem.

2) There are some fantastic deals available. I generally try not to use the word "DEAL" since it implies that homes in general are not "good deals". The fact of the matter is that some builders are offering extensive discounts on their homes. While this can sometimes be attributed to homebuilders overpricing initially and then lowering prices, in this case there are truly some "great deals" out there. I've seen new construction homes in some areas discounted 10-15% off of what the home should actually fetch.

Naturally this is hurting the re-sale market in the short term, but many of these deeply discounted homes are not available in large volume in specific places. For the most part, they're sprinkled in twos, threes, and fours amongst developments that are in the close-out stage.

Anyone aware of any spectcular "deals" going on in their area right now?

Comments (4)

Chris and Berna Sloan
Group 1 Real Estate - Tooele, UT
Tooele UT

Mathew... Many builders in Utah, both national and local are offering tremendous incentives on standing inventory.  Another interesting trend is that many builders are willing to sell their lot inventory. A sure sign that they get the picture.

 

Nov 13, 2007 09:51 AM
Sherri Elliott
INTEGRITY TEAM - eXp Realty, LLC - Flower Mound, TX
Yes Mathew..head to Keller,TX you can have your pick of homes offering BIG INCENTIVES! Take your pick and make a deal!
Nov 14, 2007 01:02 AM
Christi Greene
Keller Williams DFW Preferred - Coppell, TX
Realtor - Coppell & DFW Real Estate
Emerald Valley in North Irving has some great incentives right now!
Nov 15, 2007 02:35 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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