How Finding Hidden Incentives for New Homes Can Save You Money
The housing market slump continues to dominate the gloom in the economic outlook of many investors, resulting to more difficulties in selling homes or real estates. However, when buying your new home, like those in Tampa FL real estate, there are certainly more than one ways to look for real bargains and savings. The question is, are you informed of these hidden incentives so that you can avoid hurting your pocket?
For one, home builder close-outs are one of the best places to strike a good deal when buying a new home. These properties are those that the builders are not having so much success in selling. Builder close-outs often happen during the end of the project, or the last few homes may become instant bargains since the builder has already earned from the sale of the other homes. You will therefore also have to accept whatever is left in terms of location. However, even at a bargain, if the homes around you have higher values, the market value of your home may also rise with them and it may still turn out to be a very good deal.
Moreover, there are also homes called inventory homes. These homes are new homes that are ready for purchase. If an inventory home has still not been sold during a certain time period, it is the builder who will carry the cost of the home, such as basic maintenance, and of course, investment that has not been liquidated. Builders will be more than willing to give discounts or include more benefits for the buyer in order to quickly close the deal with you as soon as possible.
The last hidden incentive is the Realtor commission bonus, which is the amount on top of the real agents fee for their full range of service. In addition to the basic commission for selling the house, marketing, and doing all the negotiations with the buyers, home builders will sometimes give the real estate agent a bonus. The amount can range from $500 to even $50,000 for one sale. We at eTampaRealEstate.com willingly split that with you, and this means giving this bonus to you as a discount!
Because many of these incentives are not known by the public, you should contact your trusted Tampa real estate agent if you want to purchase a new home, one that will give you full representation on the deal.
Marc Vitorillo is the Broker/Owner of Schaaf and Vitorillo Realty. He has been featured on HGTV as a Tampa Real Estate Expert and named as one of the Top 50 Real Estate Blogger by International Listings. Discover etamparealestate.com and why this is the best way to buy and sell Tampa Homes.
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