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Old 12-18-2006, 02:25 PM
 
140 posts, read 543,087 times
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The one question then that puzzles me is why some builders are offering alot ot incentives and other builders are still raising their prices, even of only a little?
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Old 12-18-2006, 03:16 PM
 
Location: Charlotte
218 posts, read 187,600 times
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The builders who offer the gimmicks are still raising their prices. The only reason a builder wouldn't raise their prices, is because they are already overpriced as it is. An example of that would be Craft homes. They are selling homes brand new in a certain neighborhood for the same price or sometimes less than what they sold brand new a year ago.
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Old 12-18-2006, 03:23 PM
 
Location: Union County, NC
1,891 posts, read 5,548,969 times
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Quote:
Originally Posted by robretpd View Post
The one question then that puzzles me is why some builders are offering alot ot incentives and other builders are still raising their prices, even of only a little?
I also believe it is related to simple economics -- supply and demand -- when there is excess supply prices fall, with the reverse true as supply tightens and demand increases. There are fewer buyers out this time of year as compared to the spring/summer, so there may be more competition for the decreased number of people that are buying.

What also may have an effect is the end of the fiscal year for certain builders -- sometimes they are really trying to go to contract before the end of their fiscal year, and that may be the reason for additional incentives.
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Old 03-20-2007, 01:07 PM
 
Location: Dilworth - Charlotte, NC.
549 posts, read 2,187,915 times
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Robertph

I noticed that also. Builders who are very popular reputation with their home construction and have a good track record with their completed communities do not offer that much incentives. Saussy Burbank gives you onky 2.5k forclosing costs. MI Homes gives you the closing costs and anywhere between 5k to 20k to use for upgrades depending on the community. The big houses in Cureton got that! People get this if you you the builder's preffered lender. Sometimes it's better to use a regular bank.
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