When Builders Make Their Own Rules

Reblogger Brian England
Real Estate Agent with Arizona Focus Realty SA634540000

As Joan Cox details in her post, builders can at times be shady.  I really feel bad for anyone that purchases a home from a builder without having an agent to represent them.

Original content by Joan Cox DRE# ER40011786

 

Yesterday I took my Sellers out to locate a replacement home, and they REALLY wanted a new or newer home, so nice to know there were 4 homes that fit their criteria.

 

 

One builder had the home under contract over the weekend but says they usually wait several days before they change the status.  OH, but they have another of the same model, but it is a walk-out, so it is $50k more....  

 

Then the last builder we visited, seemed perfect.   It was a paired home, brand new and could close in April, great finishes and my clients wanted to write a contract.   UNTIL, the sales rep said, the listed price in MLS is the "guarantee price", and it is only good IF their in-house lender is used.  If my buyers wanted to keep their lender, they would have to pay $10K more.    This listing then should have been listed at the higher price, and in comments say the price would be at the lower price with the use of their lender.   This is an MLS violation!

 

These antics from the builders left a bad taste for the buyers, so we went back to a resale, and wrote up an offer last night.

 

I uploaded a graphic twice but doesn't seem to work today.

 

 

 

 

 

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House to Home, Inc.

GRI, CRS, CNE, e-Pro, CLHMS  

 

Broker/Owner

Joan@JoanCox.com

720-231-6373

 

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Rainmaker
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Christine Wade - Real Estate Virtual Assistant
Christine Wade - Townsend, MT
Proud to Serve Your Real Estate Support Needs
 

That situation does sound shady!  Of course, not all builders operate that way, but this one should definitely be brought to the attention of the board.

 
Mar 13, 2020 10:49 AM #1
Ambassador
3,188,741
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Another classic Joan Cox re-blog. Thank you!

Another week bites the dust Brian England 

Mar 13, 2020 01:58 PM #2
Rainmaker
3,099,307
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Brian.

We have an agency that also does the same thing.  They consistently get by with it, I just don't understand

Mar 14, 2020 01:01 AM #3
Rainmaker
5,265,700
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Brian England all builders are not created equally.... mine were honest and I made sure it stayed that way....

Mar 14, 2020 04:57 AM #4
Rainmaker
5,675,609
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Brian, for sharing this excellent reblog selection.

Mar 14, 2020 07:51 AM #5
Rainmaker
4,262,921
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Brian, thank you so much for the reblog, and this builder did change the MLS after the compliance department called them.

Mar 14, 2020 09:38 AM #6
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Rainmaker
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Brian England

MBA, GRI, REALTOR® Real Estate in East Valley AZ
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