Buying a New Construction Home

Now that Builders have slowed down on all the crazy construction, there are deals to be had. If you have buyers that want new construction, check out the Builders in the areas that might be of interest to buyers. Many Builders are offering a referral commission to REALTORS. I just worked with a buyer that wanted a NEW home and I went with them to check the new homes in Lake Elsinore. What deals!! These homes were selling for up to $100,000 more 6 months ago. They were offering up to $50,000 in incentives to the buyer qualifying and using their lender and REALTORS that registered the buyer receives 3% commission. The buyer incentives could be used as upgrades, toward the purchase price, closing costs, buying down the interest rate and more. These buyers could not pass up this deal and I receive 3% for just being there! These buyers were putting off buying to see what the market was going to do. Well, this was it for them.