Desperate Developers Giving it All Away
By admin at 15 November, 2009, 6:16 pm
A recent downturn in the new housing market has left builders with a gigantic inventory of new single relatives homes in all areas of the country. For Jacksonville buyers ready to purchase a newly constructed home, this is great news.
In order to offload a number of these houses, builders are waving all kinds of incentives under buyers’ noses. Rebates, upgrades, additions, & new appliances are all getting thrown in to the bargain. The latest survey taken by the NAHB indicates that 56% of builders are offering incentives this year.
Despite the general slowdown, David Seiders, chief economist for the National Association of Home Builders says that growth in employment combined with builders’ aggressive sales efforts is buoying housing afford ability in recent months. Certainly, the unusual tactics are drawing a great deal of attention & appear to be piquing the interest of buyers who had previously thought they were priced out the of the market.
Who is Protecting You?
But before you rush off to snap up a new home with all the perks, be sure to call your local realtor. Using a Realtor to help you negotiate a deal in a market with this much flexibility will save you time & money & could make the difference between buying in a neighborhood that never gets off the ground, & buying a home where appreciation rates double two or ten years down the road.
With a solid knowledge of the local market, future municipal designs for the area & history of the location, a realtor is valuable resource. Finding out whether or not a home will be a nice buy can be simple – ask.
First off, plenty of realtors, like myself, don’t charge buyers for their services, so using a realtor to get the best deal on one of these newly constructed homes won’t add anything to the total cost. What you stand to gain however, is substantial.
An experienced realtor has existing relationships with local builders, knowledge of additional incentives & deals the builder is offering & can ultimately negotiate a better deal.
A professional realtor will give you strength in negotiations & help you navigate a number of the pitfalls of buying a new home. For instance, some builders only offer you attractive incentive packages if you sign a contract agreeing to use their lender & title company – a choice that could cost you tens of thousands of dollars in the long run.
A builder will have their interest represented & protected by their agent, but when it comes to making the final deal who will be representing you? A licensed real estate agent will protect your interests & help you write, negotiate & review a final contract giving you additional leverage & peace of mind.
A realtor is not emotionally attached to a particular property or a particular incentive package. They will be able to tell you straight up whether or not the deal you are being offered will translate in to a higher resale value later on.
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