It was an extremely busy weekend, I personally secured contracts on 10257 Hyannisport Loop, listed at $257,000 and on 29461 Cochiti Lake Dr listed at 217,000.
My observations, appear to be supported that K-Hovnanian builder is the driving force for buyers at this time. The lookers and buyers are viewing $175,000 and above at the current time and many looking at new homes, are committing to a new home. The down side for these buyers? Permits and completion dates are dragging and it could be late January before a home can be completed. Some buyers do not want to wait this long and have chose to purchase a home that was built from 2011 to the current date and can provide documentation that it is better than new. Lennar Homes have been favored over K-Hovnanian in my experience this year and last 2 years. Often Lennar offered and stands by it’s 10 year warranty and certainly out weighs a buyers options on a new build.
I have received a great deal of traffic on many of my other listings in Tampa Bay Golf & Country Club. The feedback however not fully supported says the home is priced well but either too large, or the buyer, especially if represented by a Realtor favors a new K-Hovnanian.
I must say the incentives for a buyers agent are excellent, to steer buyers towards a new home, because the incentives are extremely attractive to buyers agents. K-Hovnanian offers up to 4% commission to a buyers agent referral and guarantees they will care for the buyer exclusively and inform us when closing date is scheduled. So why wouldn’t many agents favor this opportunity. I still like to work with re-sales, since it’s much more rewarding and the buyer and the seller are more often than not very satisfied with their choice.