Justin Arlequin, Licensed Mortgage Loan Originator NMLS 1507059 (DHI Mortgage | a D.R. Horton Company)

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Rainmaker
1,840,236
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

That's how I think many of their deals are blown by contingencies. Depends on the market in that particular area. If the buyers try to sell the house themselves - all bets should be off.

Nov 05, 2016 05:53 AM
Rainmaker
4,554,411
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

"Should"?   

It likely depends on the individual market but I would think most builders wouldn't want to accept the "risk" involved.   

Nov 05, 2016 05:47 AM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

No, most new homes are custom, so building a home to one's tastes and have them back out because their home didnt sell is very costly. Most often my builders will accept a contingency on a too be built home, where they do not start until the home is sold. Here we have a great shortage of new homes and cn sell them as fast as they are built

Nov 05, 2016 05:18 AM
Rainmaker
2,170,625
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Problem is that there is too financial risk to break ground on a highly personalized home (not knowing if buyers can sell).

Nov 05, 2016 11:04 PM
Rainmaker
707,262
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

This depends on the market.   We are seeing more and more contingent offers being accepted. With new construction, the most extreme I have seen accepted recently has been contingent on close of escrow of a property already in a deal.

Nov 05, 2016 10:05 AM
Rainmaker
2,350,955
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

as with everything in real estate.... it depends - on the market and the home to be sold and the new construction price point

Nov 05, 2016 08:54 AM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Depends on market and current demand.

Nov 05, 2016 07:16 AM
Rainmaker
1,157,785
FN LN
Toronto, ON

Each builder makes their own decisions regarding which offers to accept based on their own goals and objectives.

Nov 05, 2016 06:21 AM
Ambassador
2,679,499
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Only with a seriously large non-refundable deposit. 

Nov 05, 2016 05:35 AM
Rainmaker
5,850,301
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I think it is up to the seller's motivation.   If they HAVE to move quick, maybe not.

Nov 07, 2016 08:53 AM
Rainmaker
4,975,912
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

It really depends on the local market. If I were a builder I wouldn't want to accept the risk..just like my sellers don't like to accept the risk with contingencies.

Nov 06, 2016 03:11 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It depends on the market consitions.

Nov 06, 2016 03:05 AM
Rainmaker
1,498,578
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Builders and sellers do the same thing.  Really depends on the market and the contingency.

Nov 06, 2016 03:05 AM
Ambassador
3,339,684
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I think that depends on how close the builder is to completing the home. All of the contingency addendums I have seen have parachute clauses to protect the builder. 

Nov 06, 2016 01:06 AM
Rainmaker
1,237,495
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

 In our area, do not ask automatically denied. Only serious buyers are considered. 

Nov 06, 2016 12:52 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Their business model is up to them....

Nov 05, 2016 11:33 PM
Rainmaker
5,192,989
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

If demand is strong, why bother? If the market is slow and a quick kickout clause is used, maybe!

Nov 05, 2016 11:01 PM
Rainmaker
987,252
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Depends on the market and the builders - in my area they don't negotiate at all

Nov 05, 2016 10:53 PM
Rainmaker
1,617,866
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

It is part of real estate--yes

Nov 05, 2016 10:39 PM
Rainmaker
1,722,926
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Matt Fig will tell you we are not in that type of market right now

Nov 05, 2016 10:20 PM
Rainmaker
7,793,734
Roy Kelley
Retired - Gaithersburg, MD

The market will determine what builders need to offer.

Nov 05, 2016 10:19 PM
Rainmaker
4,272,524
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I have no dog in this fight...

Nov 05, 2016 04:39 PM
Ambassador
6,357,499
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Law of demand and supply. Depends on where the market is.

Nov 05, 2016 03:29 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Justin Arlequin - well, depending on how fast the homes are selling, the builders do have a right to refuse buyers with home sale contingency.

Nov 05, 2016 02:37 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I think it is totally up to them and their business model. If they have limited inventory then I can see they may not want to tie up their homes with contingencies.

Nov 05, 2016 02:24 PM
Rainmaker
1,446,751
Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

If the market is hot, they don't need to. When it cools, and it always does, home sale contingencies will be back.

Nov 05, 2016 01:42 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I think it depends on the local market. 

Nov 05, 2016 12:35 PM
Ambassador
3,727,581
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

It depends on the local market.  

Nov 05, 2016 12:10 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It is a personal decision, but Mine will at times take a contingency with a good amount down and with a solid end date

Nov 05, 2016 11:20 AM
Ambassador
5,204,738
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Here in Charlotte, that is a routine thing - it typically takes longer for the build than for their existing home to sell.  So, the developers don't have a problem with it at all!

Nov 05, 2016 11:14 AM
Rainmaker
760,633
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

A builder should be acting in their own best interest.  A slower market opens the door for taking a sale of home contingency but if homes are selling quickly they most likely wouldn't want to tie up their inventory.  They shouldn't do anything that loses them money.

Nov 05, 2016 11:08 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It's not my call.  Though, if it was my project I probably wouldn't.

Nov 05, 2016 09:49 AM
Rainer
352,976
Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

Why should they?   It's a huge risk for a builder or anyone to accept a contingency on the sale of a home.  Some however will consider if the home is close to closing escrow.  If they won't it's for their protection and buyers will need to figure something else out.  

Often there is plenty of time if the new construction home is not finished and the buyer can plan a sale to coordinate the close or a possible lease back.  Otherwise, they sell, close and go into a temporary lease and storage.   If they are motivated there is always an option. 

Nov 05, 2016 08:46 AM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

Many builders in my area do not accept contingencies. It's a very hot seller's market and they know it.

Nov 05, 2016 08:27 AM
Rainmaker
5,583,173
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

absolutely NOT.... builders are carrying a big nut and can't rely on questionable deals.... mine would not start building a CUSTOM HOME until all contingencies were satisfied.... they would not take a contingency on a spec home....and I agreed fully....I also took a 10% deposit for a CUSTOM HOME and my builders used it to build.... the buyer needs skin in the game to keep them honest....

Nov 05, 2016 06:18 AM
Rainmaker
2,775,931
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

If an in-house team handles both sales...yes to doing this on some inventory

Nov 05, 2016 05:37 AM
Rainmaker
5,096,366
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Not sure why builders should or need to accept contingent contracts, especially if their product is selling. They have to make the same business decision individual sellers need to vis-a-vis sale contingencies. In my market sellers don't typically accept these regardless of how strong or weak the market might be.

Nov 05, 2016 05:26 AM
Rainmaker
898,058
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It's whatever works, but all need to be flexible.

Nov 05, 2016 05:20 AM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Depends. If it is under construction no, but finished with a kick out clause in the contract can be acceptable.

Nov 05, 2016 05:18 AM