If we buy a home from a development company builder how likely are they to give concessions at closing?
952452
Don't wait till closing to ask for concessions.  They should be part of your contract to buy.  If they are not in the contract to buy, they do not have to be given for the sale to close and you will be the loser.
616148
I've found that you're better off giving them the control.  Tell them that as a preferred customer you will charge 2 points.  They can take that as front points or ysp.  They decide.  The other guy is right, you won't find the documentation you're looking for.  \n\nOh, they know that what you are offering is fair.  Especially if they've bought a house before.  Even if they didn't, they're probably comparing your offer to other companies they've shopped for in their mind.   They're going to keep saying that you're charging too much.  That's their job as consumers.  Set your price and stick to it.  If you've done your job of earning their trust, they'll stick with you.
928894
First, don't get forced into the builder's preferred financing unless the incentives make it worth your while! If you can, find a loan rep who will get you pre-approved somewhere. Yes, you do have to give the builder a deposit of some sort (or it's called a good faith deposit). Hopefully your loan rep will explain everything to you in plain language and through the whole process. You may want to contact a company "Home Loan Experts" who helped me a lot! They can shop for the best deal for you! Good luck!
300662
it's not a bad deal for people who might have trouble qualifying for a conventional loan.  It's usually an owner who owns the house outright and wants to have that interest on the sale (like what the bank would normally get).  That owner will have a lien on the house the way a bank that did your mortgage would.
108990
I would check with a modular home company.  I'm sure they get asked that question all the time since their customers would be buying land to place the house on it.
1016841
Almost simultaneously if you have equity and a good FICO.  On a new build in a hot real estate market you should have equity by the time the house is completed.\n\nYou maybe able to close the equity line when you close on the home.  \n\nSome buyers use an equity line for part of the downpayment and need it to close and that's doable.\n\nGood luck
120453
If you intend to sell it, I would get the rezone done yourself and reap the benefits.  A developer is going to say that there is risk with any rezone request, it may or may not go through, blah, blah, so I'm not going to pay top dollar for your property.  You are in a much better negotiating position if you already have the rezone done.  \n\nHowever, be aware that single family homes are non-conforming uses in many commercial zones.  Some cities and counties DO NOT have rebuild allowances for non-conforming uses if your house is destroyed, damaged, or rendered unihabitable.  So, if you rezone your property and then your house burns down, you won't be able to get a permit to build another house since single family residences aren't an allowed use on commercially zoned property.  If your community is like that, you won't be able to get conventional financing for it ever again.  You can get financing, it will just cost you.  If it were me, I would be very sure that I am going to sell before I got that rezone done.
813523
If you're looking into purchasing bank owned foreclosures in SanDiego, just shoot me an e-mail as to what you're looking for and I will locate them for you and negotiate with the bank on your behalf. I can also find homes that are going into foreclosure and provide you with financing pre and post foreclosure.\n\nRegards
1087437
You have a number of choices depending on the situation.\n\n1. If you have a buyer agent representing you, tell your agent that you refuse to close until the repairs have been done. If the seller has agreed to the repairs but has not yet done them you can delay the closing until they are done (if you still want to purchase the home). Another alternative is that you might ask your agent to help you get estimates as to the cost of these repairs. Then you can either ask the seller to give you that amount of money in lieu of repairs (and do them yourself after closing) or adjust the purchase price to compensate you for the money you will have to spend to do them yourself. A third alternative is to allow the repairs to be completed after closing and still close on time. The amount of money that your bids indicate that the repairs will cost can be held in escrow by the title company until the seller has had them done to your satisfaction. Once that happens, you notify the title company and they can then release those funds to the seller. Your buyer agent can help you with these options and prepare the appropriate paper work.\n\n2. If you are not represented by a buyer agent and are dealing with the listing agent (who represents the seller), that agent can help you as well, even though that agent is technically representing the seller. The Realtor Code of Ethics demands that all agents treat customers as well as represented clients fairly and honestly. Tell the listing agent which of the above options you want and let the listing agent negotiate with the seller to see what he will agree to. You must be clear as to what you want and get the seller's agreement in writing (i.e. in the form of an addendum to the contract).\n\n3. If you are unrepresented and the seller is a "for sale by owner", you still can pursue the options mentioned above, but you will have to negotiate directly with the seller on these matters. Perhaps the title company or a real estate lawyer can help you with the paperwork for this (get the seller to agree in writing for whatever you mutually agree upon). Often title companies have lawyers on staff who can write appropriate documents to cover this type of situation. There might be a fee for this, but it might be worth the cost compared to what you will save for the repairs. In some states all buyers and sellers have their own real estate attorneys. If this is the case in your state, have your attorney help you.\n\n4. If you have decided not to purchase this home, you can probably get your earnest money back, but you will not normally be reimbursed for the appraisal or your inspection. If it is a FSBO situation, you might have problems getting your earnest money from the seller, in which case you might have to take him to court to get this money back. You will have to weigh the costs of whatever course you decide to pursue.\n\nThis kind of situation points up the importance of having a buyer agent to represent you in a real estate transaction. Check particularly that your agent is either an ABR (Accredited Buyer Representative) or a CRS (Certified Residential Specialist), which indicate advanced training and experience. Real estate professionals deal with problems like this often, and can help negotiate a solution agreeable to both sides. Laws and practices vary from state to state, but in many states such as Arkansas there is no extra cost to the buyer if the home he is purchasing is listed with a real estate agent. In the latter case, all commissions are already included in the price of the home. \n\nIf the home is a "for sale by owner" you can still have a buyer agent in Arkansas and many other states. It may cost you a little extra for the home (to accomodate payment to your real estate agent), but when problems (such as the one described here) arise in a real estate transaction, your agent will go to bat for you and help you through these situations and end up saving you money and aggrav
147742
Personally, I would get a lawyer involved in a sale by owner transaction. Are there disclosures you should be, but are not revealing. The attorney will make sure you are covered.
495954
That depends on what the option to purchase agreement says. As well as any agreement you may have with any agent. You had better start reading.
1135673
Possibly.  As long as the underwiter is satisfied with all of the paperwork, and doesn't have 20 packages ahead of yours, you should close on time.\n\nThat said, I've purchased and sold a number of homes and the underwriters ALWAYS find something!  Most of the time, it's little things that are easy to clear -- missing tax return or verification of income -- just have a fax machine handy if they're not local!  Once in a while they come up with a biggie though that can even jeopardize the entire deal.  I've had that happen too.\n\nFrom personal experience, it's not unusual for the closing date to be pushed back a couple of times.  The last property that I sold had it pushed 3 times but we actually closed on the first adjusted date.  I received the closing docs by e-mail, printed them out and rushed over to the UPS store to get them notarized and shipped off with minutes to spare.  That was a do-or-die deadline as I was leaving the country on business for 3 weeks the next morning and the buyer's rate lock had 2 days left on it.  They would not have qualified at the new rate, the deal was THAT tight!
273903
It is not public record as the deal may still fall through and the seller would then be at a disadvantage for the next round of buyers. Sometimes your buyers-agent talking to the sellers-agent of the house of interest can gain more info than they should be able to since they might consider it a foregone conclusion. This is not something that sellers-agent should do though.\n\nAlso, this is kind of unethical if you are planning to use it for that house should it come back on the market. But if you are using it as a comp for some reason then you shouldn't feel as though you are doing anything wrong, just looking for advance knowledge that will be know eventually anyhow.
666893
They are really Cheating You.I have Experiance of dealing with Biggest(Emmar) to smallest property developers.They always lie about the availability and in most of the cases they would say 60% sold Where actually they has booked only 30%-40% and sometimes just 5%.they do it to build the confidence of buyer in their prop.And the prices pleas take help of a good real estate agent ,Try with two they may give you comparitive market analysys.Which really helps.About Evaluation do it in this way price of Site/land per sq.ft/sq.mtr.Price of Construction per Sq.ft/Sq.mtr.And the kind of ameneties they are offering in the place.Hopes this helps.
570206
Take the $400,000 for the land out of your equasion... Your going to need to have purchased this before the builder really is involved.\n\nFor the rest... Your going to pay permit fee's to the city/town for your building permits, design review etc... Your going to need to have paid your architech and structural engineer for the plans they are going to draw for you which you will be turning over to the city for approval as well...\n\nOnce you get to the builder the deposits may have to go through your lender if your doing a construction or construction to permanate loan for the property purchase and building. \n\nWhen doing a construction loan usually there are draws spelled out in the loan. Draw one maybe for the land purchase, architech/engineer and permits. Draw 2 would be for the builders deposits based on the materials needs for the first phase of construction and so on...\n\nIf your financing this yourself then check with your states contractors licensing entinity... There are specific percentages a contractor can take as deposits based on the work to be performed and this will vary greatly by state. I would check with the state anyway just to verify the builder is licensed, does he/she have any complaints on their license? How were those complaints resolved? Check on their insurance as well. If they are on your property and the insurance is not in place or is not up to snuff you may have to pay a claim out of pocket or against your own insurance.\n\nGood Luck
191220
The previous two answers are NOT correct answers to your question.  They are right in the sense that the Realtors do get 6% (sometimes) on the sale, but the 6% is split between the buyers agent and the sellers agent.  Normally 3%/3%.\n\nA "sellers concession" has nothing to do with a Realtor's commission, but rather what the seller is willing to pay for YOU in closing cost's.  Basically the seller agrees on the contract that they will give you (buyer) 6% of the purchase price of the home to use towards the closing cost's on the mortgage.  Basically, you come to the closing table with nothing out of your pocket.\n\nIf you would like to know some more about this, please feel free to contact me at timothy.kazee@americanhm. com and we can talk through this a little more.  This is my career and my specialty so I have a great amount of knowlege in this area.  Thanks for the question.\n\n\nTim Kazee
862705
You can co-venture with a builder.    The owner contributes the land; the builder the improvements.  On sale you split the proceeds according to whatever formula you agree to.\n\nTravel around your area & look for houses under construction.  Get the name & ph. nos. of local builders who are building out the kind of homes you think are sutable for your properry & call them.