Saving Money On New Construction Homes (lenders, broker, new home)

[scgraham]

What techniques and/or procedures are being used by home buyers to save on their purchase? By sharing ideas, all can benefit.

1. Are people using the preferred lenders or foregoing the builder incentives to use their own lender?
2. Are buyers getting a cash back rebate from those internet sites?
3. Buying inventory homes to capture those large builder incentives?
4. Or any other method used to obtain the best deal?

[Yeorwned]

To get the best deal on new builds, you're best bet is to find a builder in closeout that wants to get out of an area and into the next community. As long as you don't show a large amount of interest in a home and act like you really don't care if you get it or not, you will find that you can pull $10,000 to $35,000 off of the asking price. That only applies to standing inventory most of the time.

[kelabu]

Do you guys know why some inventory homes are on the mls and some aren't, even in the same community?

[scgraham]

Generally, once a new home gets to the drywall stage, it hits the MLS. Sometimes, the broker may opt not to list all the new homes within a particular community to avoid paying listing fees on every home. These fees -- which are paid upon closing -- can be hundreds of dollars per transaction.