Builder's Closeouts Can be a Great Value
Friday, March 21, 2008 at 01:37PM I am currently working with some fabulous clients who were looking for a home in Shorewood. We had spent some time touring possible homes, but nothing was absolutely perfect. Some properties were possibilities, but each would require some changes and upgrades to really make them right for this family.
This young couple love new construction but many of the newer developments are pricey and after adding upgrades, the total costs can be a bit daunting. While Shorewood has its share of new developments to choose from, some amazing deals can be found in areas where the builder is completing the subdivision and ready to move on. In this final phase, prices become more flexible and upgrades can be negotiated into the price.
Though the full slate of floor plans is not always available, the remaining options are often loaded with upgrades. When dealing with a builder, many people think that the prices are set in stone. . .absolute myth! Everything is negotiable. Having a clear understanding of what your needs are and what you are comfortable paying, will help during the negotiation process. A buyer is a valuable commodity in this market, and while builders will never let you move in for free, the larger developers have plenty of room to play with the price, especially when they are closing out a subdivision. Being one of the last ones to buy can net you some fabulous equity. . .
So, if you think new construction might be out of your reach, think again. . .check out the final phases of a subdivision, stand strong and negotiate, you might just find a deal.


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