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Old 06-17-2010, 10:24 AM
 
9 posts, read 25,881 times
Reputation: 10

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Thank you everyone for you inputs. I do understand from the builder's perspective that purchaser can walk away. I have taken your advice and brought it up at our meeting. Builder said no. They will not negotiate on any part of the deposit. It must be given and deposited at the first Team Meeting. No installments, no negotiations. With any other builders (Darling, Toll Brothers, Drees, etc.), i would not have any qualms about the initial deposit, but this is Grand Homes. Since i've heard so many negative reviews, i want to protect myself. I really like the community and Grand & KHOV are the only builders there. I don't care about KHOV floorplans, and really like Grand's floorplans. So i took a leap of faith, hoping that Grand has changed their ways and they are now focused on 100% customer satisfaction and dedicated to quality, so i decide to build with them if everything fans out. So far i have been dealing with the sales rep and it hasn't been very smooth, which is to be expected. My agent is not too happy that the 3% commission she will be getting from Grand is based on the base price, not purchase price. She will not be getting a commission on the upgrades(which can be substantial). Maybe that could be one of the reason realtors are not too happy with Grand. Not sure if the commission on the base price is the industry norms.
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Old 06-17-2010, 11:25 AM
 
Location: Austin
7,244 posts, read 21,757,022 times
Reputation: 10014
Quote:
Originally Posted by flexiblepony View Post
My agent is not too happy that the 3% commission she will be getting from Grand is based on the base price, not purchase price. She will not be getting a commission on the upgrades(which can be substantial). Maybe that could be one of the reason realtors are not too happy with Grand. Not sure if the commission on the base price is the industry norms.
This is with every builder. The only time an agent gets paid on an actual sales price is when it's a spec home. To-be-built homes are always paid on base price. Your agent doesn't seem too experienced.
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Old 06-17-2010, 06:13 PM
 
37,315 posts, read 59,697,706 times
Reputation: 25340
and the poster does not seem to confident that s/he is going to get a "grand" home out of Grand Homes...
with all the homes on the market do you really think this house is the best deal for you???
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Old 06-17-2010, 06:56 PM
 
Location: DFW
40,936 posts, read 49,032,812 times
Reputation: 54962
Quote:
Originally Posted by flexiblepony View Post
Thank you everyone for you inputs. I do understand from the builder's perspective that purchaser can walk away. I have taken your advice and brought it up at our meeting. Builder said no. They will not negotiate on any part of the deposit. It must be given and deposited at the first Team Meeting. No installments, no negotiations. With any other builders (Darling, Toll Brothers, Drees, etc.), i would not have any qualms about the initial deposit, but this is Grand Homes. Since i've heard so many negative reviews, i want to protect myself. I really like the community and Grand & KHOV are the only builders there. I don't care about KHOV floorplans, and really like Grand's floorplans. So i took a leap of faith, hoping that Grand has changed their ways and they are now focused on 100% customer satisfaction and dedicated to quality, so i decide to build with them if everything fans out. So far i have been dealing with the sales rep and it hasn't been very smooth, which is to be expected. My agent is not too happy that the 3% commission she will be getting from Grand is based on the base price, not purchase price. She will not be getting a commission on the upgrades(which can be substantial). Maybe that could be one of the reason realtors are not too happy with Grand. Not sure if the commission on the base price is the industry norms.
Grand has not changed. Be very cautious and if it were me I would move on to another builder. (Actually I would Run)

You could not give me a Grand Home free of charge. They are very hard to resale and that should be a major consideration.
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