blder said they will knock down price by $30k..from..list price - 10 for not using a realtor..10 builder incentives..and 10k for being repeat custome

Asked by crimson8888, 20152 Tue Jan 28, 2014

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Eve Weber’s answer
Eve Weber, Agent, Leesburg, VA
Sun Mar 2, 2014
Builders have all sorts of ways they promote the sale of new homes. Ultimately they have particular numbers they need to meet in order to maintain a profit and if they can make more from an unrepresented buyer, they will. A real estate agent will guide you through the process and ensure you receive the benefit of their years of experience. Home buyers who are unfamiliar and new to this process should obtain the assistance of a licensed REALTOR to make sure their best interests are protected. Your agent will be your advocate, they work for you and want what is best for you - Find one that has the experience to help you get the best deal possible. Builders aren't the enemy - they have a product to sell and you need to be well informed before, during and after your home is constructed. Best of luck in your home purchase.
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Annette Law…, Agent, Palm Harbor, FL
Mon Feb 3, 2014
Crimson, did you buy it? When do you close? What did you pay?
----Best of success, ------Annette Lawrence, Broker/Associate Remax Realtec Group, -------- Palm Harbor, FL------ 727.420.4041 ------http://FIrstLookHomes.us.
0 votes
Rich Triplett…, Agent, Chantilly, VA
Mon Feb 3, 2014
Most builders in the Chantilly / Aldie area cooperate with area Brokers (Realtors). And most Builders routinely offer incentives to buyers in exchange for using their preferred (often affiliated) lender and settlement company. It is not clear to me why a Builder would suggest an incentive to a Buyer for not being represented by a Realtor (especially since either way in your scenario, the Builder is out the funds - either to you or a Realtor) . Since Builder contracts are written to favor the builder (whereas 'standard forms' for resale homes tend to be more balanced), I would be diligent in reviewing anything before committing. Also, know that many Realtors sell New Construction homes in Chantilly and Aldie - there is a lot of competition among Builders right now, some are willing to negotiate more than others. Ask a Realtor about incentives they've recently attained for their clients. Lastly, know that some Realtors may offer Buyers rebates at Settlement for new construction purchases - get the best of both worlds: be represented and get a rebate!
0 votes
Hamid R. Ham…, Agent, Chantilly, VA
Tue Jan 28, 2014
You need to decide in a "buyer beware" state of Virginia and this type of purchase(builder)which is more important to you A) peace of mind or B) saving money. The way that you can accomplish both will be by using a Realtor. Feel free to contact my office and my team and I will show you how simple this is.
703)609-1740 or hamid.lena.team@gmail.com
Licensed in VA
Weichert, Realtors
0 votes
Chris Ognek, Agent, Fredericksburg, VA
Tue Jan 28, 2014
I have spent more time trying to help clients get out of new build contracts than getting into them. If you like the new car look and feel of a new home, consider FHA 203k or conventional home renovation loans. You can save tens of thousands of dollars by using a renovation loan to buy and completely renovate a home. Check out http://www.makeoveragent.com for some more info. Check out the 5 min video - that will show you all you need to know. Good luck.
0 votes
Misty Mount, Agent, Yorktown, VA
Tue Jan 28, 2014
The fact that he is telling you that he will give you a discount for NOT using a Realtor, is exactly why you need one. I am not sure what price range you are looking in, but a $300,000 home will cost him $9,000 in realtor fees. The other 20% should be a given as it is with other builders. If you're asking these questions on Trulia because it's bothering you, Sir, you already know what you should do.
Virginia is a buyer beware state. There is NO way out once you sign and there is no waiting period after closing. Your signatures seal the deal. Good luck.
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Ruth Neff, Agent, Chantilly, VA
Tue Jan 28, 2014
I would ask the builder why he does not want a real estate agent involved since it will only cost him about 3% on the base price. Very much different than the 30% he is offering. If you have no Agent representing you, you have no representation. If you decide not to get an Agent, please at least don't sign anything until you have a real estate attorney look at all the documents. The attorney fee is well worth the money. If you need a referral for a real estate attorney, please give us a call. Remember, VA is a "Buyer Beware" state. Be careful. You need to make sure the price you are paying is in line with the price of like properties in the market place.

Ruth Neff, ASD, LDPD
Avery-Hess Realtors
Cell: 703-203-5936
Email: ruth@neff-team.com
Website: ww.neff-team.com
Licensed in VA
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