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News Notes


Developers Take Flexible Deposits, If Any

Posted August 07, 2007 11:08 AM by Connie Talcott Smith

Developers are responding to present market conditions with new flexibility in downpayments and now is the time to have your buyers take advantage.

One major nationwide developer is offering a summer special program in the Tampa area with "0" down and "0" closing costs and "0" interest for six months for buyers who qualify and seek a loan through the developer's preferred lender.

If pressed, other developers may offer similar terms. It pays to ask.

At newconsearch.com, our daily research calls to Sales Consultants at new projects reveals this flexibility. They give us one figure for the "Minimum Deposit" information window, but are quick to tell us that it is "not written in stone" and they will "work with your prospect."

In situations requiring more funds on deposit, we see developers offering graduated payment arrangements, requiring only a fraction of the deposit upfront at contract. This is especially true of pre-construction condominium project sales.

Knowing this should encourage you to work with buyer prospects "sitting on the fence" and "saving" for a sizable downpayment. They may be closer to getting their "dream home" right now!

Generally speaking, the best "deals" are to be made on Inventory Homes with buyers who can close within 30 days. And you just may find a generous commission and bonus for yourself as well.

HINT: Include STATUS: "Immediate Occupancy" on the POWER SEARCH bar as you build your search criteria.




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