Do you clip coupons to save money on groceries, or drive around town to find the best price on gas? If so, then doesn’t it make since to save money on one of the largest purchases you will ever make…your home! 

 

Builders offer promotions just like car dealers, grocery chains, and department stores. The key to saving money is knowing when to buy. For example, everyone knows that car dealerships often reduce prices at the end of the year to avoid paying taxes on inventory. Homebuilders operate in much the same way. The following are instances that almost always put the buyer in a good position for negotiations:

1) When builders have an inventory or spec home that is completed, or near completion, they will often reduce the price to get the home sold quickly to avoid paying interest on monthly construction loans.

2) When a builder is in closeout and has a few remaining homes left in the subdivision, they will often reduce the price on inventory so they can transfer their sales personnel to newer communities.

3) When builders are at their fiscal year end, they will often run promotions to boost sales to keep their stockholders happy.

4) When a builder opens a brand new community, they will often offer large discounts to get people in the neighborhood and keep their construction team busy, before raising the prices.

Article by Amy Underwood-Buyer Specialist

North Texas Home Finders

To better serve our clients, the North Texas Home Finders Team maintains relationships with hundreds of builders that inform us when they have inventory homes they need to sell NOW, whatever their circumstance. Please contact us today, so we can assess your home buying need and start looking for your new home. We are waiting to hear from you….Toll-Free: 866.959.FIND