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Old 03-04-2008, 11:16 AM
 
55 posts, read 160,660 times
Reputation: 50

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thanx for the responses.

i guess my confusion stems from a lack of the rules in MLS.

I would assume that if you listed a home that the price as is would be at most the listed price.

Put in other words, it must obviously include the lot (without extra cost) and any structural features within the built in the home.

In my particular case we are talking about a home which is already completed, not a home where options can be selected.

As illustrated , the builders stance is
the price does not include the lot premium or any options.
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Old 03-04-2008, 11:18 AM
 
55 posts, read 160,660 times
Reputation: 50
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the developer stance is that the home is already complete and you must pay the lot premium ($50k) and the cost of the options. So if it is not optional how can they post a price on mls that they will not accept?


Quote:
Originally Posted by Whytewulf View Post
Depends on where they posted it. They could say that is the model and you could do upgrades, lots, etc. Also doesn't mean you have to pay it. I recommend getting an agent and seeing what you could hammer out.
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Old 03-04-2008, 11:25 AM
 
1,907 posts, read 4,444,610 times
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Quote:
Originally Posted by prodogs View Post
the developer stance is that the home is already complete and you must pay the lot premium ($50k) and the cost of the options. So if it is not optional how can they post a price on mls that they will not accept?
That should have been disclosed in the MLS. Regardless of legalities, it sounds like this builder is not on the ""up & Up". I say run like the wind and count your blessings. There are other homes on the market.
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Old 03-04-2008, 11:54 AM
 
Location: Uptown CLT (4th Ward)
2,560 posts, read 7,705,018 times
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Price shouldn't be changed if it is listed or printed...but I am sure that it could.

Lot premiums are very common. We live Uptown and the price goes up with your view. We are on the top 2 floors of a building and have an un-obstructed view of Uptown from our living room & balcony & loft bedroom.
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Old 03-04-2008, 12:26 PM
 
1,907 posts, read 4,444,610 times
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Quote:
Originally Posted by the 7 oh 4 View Post
Price shouldn't be changed if it is listed or printed...but I am sure that it could.

Lot premiums are very common. We live Uptown and the price goes up with your view. We are on the top 2 floors of a building and have an un-obstructed view of Uptown from our living room & balcony & loft bedroom.
Sounds nice. Lot premiums should be disclosed. The multiple listing service is not a classified ad. Anyone entering a property signs a disclosure agreement. The poster should investigate further if they really want this property, but again, I say "Run like the wind". This person is not honest.
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Old 03-04-2008, 12:42 PM
 
Location: Union County
5,781 posts, read 8,404,807 times
Reputation: 4813
MLS is decentralized mess... the whole system needs to be revamped.
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Old 03-04-2008, 12:52 PM
 
Location: Uptown CLT (4th Ward)
2,560 posts, read 7,705,018 times
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Quote:
Originally Posted by Doorway View Post
Sounds nice. Lot premiums should be disclosed. The multiple listing service is not a classified ad. Anyone entering a property signs a disclosure agreement. The poster should investigate further if they really want this property, but again, I say "Run like the wind". This person is not honest.
Just my opinion, but if it is listed and printed on a flyer...and does not say "from", then that is the price that I would expect to pay.
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Old 03-04-2008, 07:25 PM
 
Location: Wantagh to Waxhaw
536 posts, read 1,539,511 times
Reputation: 164
Red face Information Highway

Quote:
Originally Posted by prodogs View Post
thanx for the responses.

i guess my confusion stems from a lack of the rules in MLS.

I would assume that if you listed a home that the price as is would be at most the listed price.

Put in other words, it must obviously include the lot (without extra cost) and any structural features within the built in the home.

In my particular case we are talking about a home which is already completed, not a home where options can be selected.

As illustrated , the builders stance is
the price does not include the lot premium or any options.

This is why you go with a Realtor, among other reasons! I just negotiated $30,000 off a John Wieland home (before there "Sale of the century"). Reputable, Stable builder (high inventory, though). In case you have not heard we are in a buyers market, why pay sticker price, and then have them tell you a fake lot premium!?!?

Alot of people know how to negotiate and the builders fill out the contracts for you. PLEASE READ THEM!! Also a realtor will know some things about areas or subdivisions. Like which ones have potential Radon problems, or what builders are leaving the area, and cutting their losses. What custom builders have not sold something in a while, and maybe be willing to "let go" a home.

Talk to a Realtor, not because you can't/can negotiate or can/can't read a contract, but because somethings you should not do alone!

I hate when realtors use the analogies of "you would not perform surgery on yourself" or "you would not go to Court, representing yourself", especially since those fields require more years of college and training then I have appendages.

So I think a more appropiate analogy is "I could fix my toilet, but why get all messy and full of $#!t", when a builder or home-owner is willing to foot the bill, and the buyers agent gets the liability!"
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Old 03-05-2008, 05:55 AM
 
Location: Huntersville
1,521 posts, read 4,474,650 times
Reputation: 298
Quote:
Originally Posted by Keith "Baby-Face" Lutz View Post
So I think a more appropiate analogy is "I could fix my toilet, but why get all messy and full of $#!t", when a builder or home-owner is willing to foot the bill, and the buyers agent gets the liability!"

This is GREAT! can I quote this out in the field?
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Old 03-05-2008, 06:16 AM
 
Location: Charlotte, NC
195 posts, read 481,786 times
Reputation: 56
Quote:
Originally Posted by Keith "Baby-Face" Lutz View Post
This is why you go with a Realtor, among other reasons!...

Talk to a Realtor, not because you can't/can negotiate or can/can't read a contract, but because somethings you should not do alone!...

So I think a more appropiate analogy is "I could fix my toilet, but why get all messy and full of $#!t", when a builder or home-owner is willing to foot the bill, and the buyers agent gets the liability!"
Absolutely!!! Excellent Point!
Thank You.
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