Developers Have A Lot Of Money Tied Up In These New Homes

Category: Finance, Real Estate.

It s amazing how fast the real estate market can change.

This year, the market has slowed down considerably. Last year, buyers were clamoring over one another to buy a house. Buyers actually have a chance to think about whether a house is right for them. Gilbert has been an active community for new home developments for the last several years. For buyers that are looking for affordable new home communities, there s no better place than Gilbert- and there s no better time to buy. Developers have taken every vacant piece of property and built new home communities: some condos, and simple affordable, town homes family homes. As the real estate market slows down, these developers have a far greater inventory of new homes on their hands, far more than they d ever intended.

Others are elegant high end properties. So buyers are in a unique position, they are finally in the position of being courted by developers- aggressively campaigning to get buyers to buy the homes in their community. The longer these homes sit vacant, the more it ends up costing the builders. Developers have a lot of money tied up in these new homes. So it really becomes the builder s responsibility to actively market to buyers- to try to entice them into buying. Some examples include: No mortgage payments for the first year. Many buyers are finding themselves being courted with lots of extra perks.

Swimming pools and spas included with home free of charge. Upgrades to the materials in the home, like high quality flooring, and high end, stone countertops appliances. Huge reductions in the price of the home, sometimes as much as$ 50, 000. These remarkable perks aren t going to last forever, but for right now, buyers are in a Gilbert can find the home of their dreams, at a truly unbelievable deal. If you ve been waiting for the market to decline, you may have a long wait. Eventually, the marketplace will balance itself out and developers won t have the same pressure to sell. In fact, it s not likely that home prices will decrease, just stabilize.

There hasn t been a better time to buy a home in Gilbert, and you won t see similar deals ever again- it s the best time to buy. But even though prices may be the same in a few months, you won t have the same opportunity to get the deal of a lifetime in perks.