Home Builders and the Incentives They Often Offer
A Tip from a Real Estate Agent
As with any other market, home builders and those in the industry know that there are highs and lows.
At times it is impossible to keep up with the demand, with buyers constantly coming in.
Then, there are the times when things are so slow, and it seems impossible to get even one or two new houses built and sold.
When this happens, incentives are offered to encourage people to take a second look at one or more of the lots being built in the in the area with hopes of getting a sale in the real estate market.
Upgrades within the House Itself
As the real estate buyer looks around the design studio and sees all of the different ways to customize his or her new house, there are heaps of different options to choose from.
Most people come into the studio with a budget and don't want to venture too far away from the amount of money they plan to spend on their real estate property.
Real estate developers may offer to give a real estate property buyer some extra money to spend on their real estate property.
In some cases, specific upgrades are offered, such as granite countertops or tile as opposed to linoleum in the kitchen and bathrooms.
Other times, the real estate property buyer is just given an extra amount of money that can be spent however he or she chooses on their real estate property.
Real estate property buyers like that they can make customized changes to their living space and they do not have to come up with the money to cover the costs.
It gives them the freedom to pick and choose options that they may not have been able to consider when they first started looking into buying a real estate property.
Upgrades to the Property
Different lots and styles of real estate property often come with specific premiums.
They may be larger than other lots and real estate property in the area or back up to a common area as opposed to another house.
Either way, the real estate property buyer is going to pay more for this lot or real estate property than any one of the other real estate properties they choose to look at.
As an added incentive, real estate developers may offer a special lot or real estate properties with a reduced premium or with no premium at all.
Other incentives include things like special landscaping in the front or backyard, or even the addition of a pool to the real estate property.
Other Incentives Unrelated to the Property
At times, financing through real estate developer’s company will give a real estate property buyer a better interest rate or even reduce the amount of money needed for a down payment on their real estate property.
If a person is right on the edge of being about to afford a certain house, this type of discount can make a huge difference as to whether they purchase the real estate property or not.
This type of offer is usually written down so that potential real estate property buyers have an opportunity to figure out the details and see if this is offer is worthwhile taking advantage of when purchasing their real estate property.
The incentives and upgrades often correlate with the company's desire to sell the real estate properties or complete a complete real estate property lot.
There is no guarantee that when you walk in to check on a specific model that the discounts will be offered.