Home Buying in Cary>Question Details

Karen, Home Buyer in Pierce, NE

I would like some opinions on Highcroft Village. The coomunity an homes are beautiful, but it doesn't seem

Asked by Karen, Pierce, NE Wed Aug 6, 2008

like they are selling well at all? When are the ammenities scheduled to be built...do they wait until a certain number of homes are occupied?? How negotiable are theses inventory home?

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Yes, there is a lot of inventory in the neighborhood. In the spring several builders built out there with the anticipation that the market would motor along like it did last year and that just didn't happen. I have a collegue that I work with that sold one of the spec homes in Highcroft Village last week. So, I am aware of the negotiated price. And, yes, builders are moving off the purchase prices but nothing drastic like in other areas of the country. The builders prefer to throw in upgrades or "design options" and, as long as you use their lender, you usually will get closing costs thrown in as well. I've worked recently with National Builders and Custom Builders and I find that the Custom Builders are less willing to negotiate than the National Builders that have inventory. I hope this helps.
2 votes Thank Flag Link Sun Nov 2, 2008
There are 23 active and 5 pending 9 closed properties in highcroft with an average selling price of approx.
$153 per square foot. I agree you need to know where 540 is going but at the rate they build roads around here who knows if they will ever pull it off. Just make sure you have a buyer agent and not the on-site. They by real estate law must disclose they work for the builder not you and buyer agents cost you nothing but will give you peace of mind. Sitting inventory is the best bargin out there right now but our adveage good /bad/ugly negotiation is still under 4% but we have had great sucess with national production builders with some deals of over 200k on million dollar homes. I think our highest is 18% and in general a custom builder can not unless in financial distress do anything like the national builder can do when it come to taking a loss. We would be happy to help. preston@joeward.net.

Preston Miller
Managing Partner
the Joe Ward team
919-523-1528
Web Reference: http://www.joeward.net
0 votes Thank Flag Link Wed Aug 6, 2008
I'd suggest you to hire a buyer agent who is good on negotiation. The commission is from the builder's pocket not your nor the overal purchase price of a home. Everything is negotiable in today's market. My client went under a contract last week with $47k off on a pre-sale home. Another thing, make sure the lot is not too close to the future HWY 540 development.

Good luck,

Jean
0 votes Thank Flag Link Wed Aug 6, 2008
Hi Karen,

Highcroft Village is realtively new. They started building in January. It'll look very similar to Highcroft once it's completed. The subdivision has custom higher end homes from the high 400s-600s. You'll find basements in some as well. Highcroft Village will have about 113 homes once this phase is completed. Currently there are 20 inventory homes-some that are ready to be occupied. The next phase will have another 150 approximately. The pool and a toddler playground is supposed to go in next Spring as well as walking trails.

Highcroft has 18 resale homes ( 1 is a bank owned ) and 1 new construction for sale. Depending on what you're looking for I'd take a look at the inventory and compare it to the new construction. You may get a better deal with a resale.
The biggest difference between Highcroft Village and Highcroft will be the proximity to 540. The latter being much closer.

Good luck!
Lizete
Web Reference: http://www.LizeteSantos.com
0 votes Thank Flag Link Wed Aug 6, 2008
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