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Builder Incentives better and better

By
Real Estate Agent with Homesmart Elite

Builder Incentives include everything from cars, pools, plasma TV's, vacations, upgraded interior fixtures like granite and stainless steel appliances, Green cost saving efforts like solar paneling and financial incentives like no money out of pocket closing costs.

Shea Homes offered BMW convertibles. Many builders offer free pools which can cost as much as a BMW or Lexus

Let me suggest that you look for these Builder incentives when you make offers and negotiate the purchase of a home from a builder.

  • Inventory 'spec' s (Completed homes, ) are opportunities as these completed homes sit, accruing interest or tying up cash,  in builder inventory. The lower pricing on many of these are incentives alone.
  • Closing Costs and (some HOA fees)  paid through use of Builder's preferred lender - maximums are controlled by RESPA (not the builder)
  • Upgrades at reduced cost on appliances, flooring, counters and cabinets, even pools and patios from Standard features
  • Lot Premium Reductions  - get a premium lot for less
  • Many builders are offering bonus to Realtors.  Many Realtors will split this commission with the buyer as additional cost savings to the client.

Contact a real estate agent who specializes in new home builders and communities. New Home specialists can help you negotiate price and incentives.

Bottom Line, It is a buyer's market.  More and more it is ‘Ask and you shall receive.'