1,472,185
I've never sold nor have I been asked to represent anyone wanting new construction, ever.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Susan Emo
Kingston, ON
-
Bob Crane
Stevens Point, WI
-
Lyn Sims
Schaumburg, IL
-
Barbara Todaro
Franklin, MA
922,119
Many customers want ONLY new construction, while others choose a home that is already up, but only say a couple years old and "slightly" lived in due to the advantages: landscaping done, fininshing touches and other customizations done, might come with expensive window treatments and so on. Having said that, what you are suggesting would not surprise me, although I have not encountered it personally.
-
Cynthia Biechler
Chicago, IL
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,309,208
I have not... mostly because in most cases the new construction buyer is truly committed to new construction. I just put two into contract that will close in August and both buyers were considering nothing but new construction. And I wrote a contract this past week for buyers who definitely did not want new construction, but a more mature community... no need to try and steer them away.
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Bob Crane
Stevens Point, WI
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
979,796
Barbara - Haven't really noticed that in my area. New home construction was non-existent from around 2008-2014, but has been growing, and is all over my area these days.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
2,707,682
Other than listing agents pushing their own resale inventory, or their office resale inventory, no.
In a "production" development, the new construction will usually come in on time and on budget.
When I have buyers who want to "build on their own lot", I caution them to expect it to go over time, and over budget (that is more often the fault of the buyer/customer, or the fault of the county building inspectors, than it is the fault of the builder).
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
1,713,581
Not really, new homes are unoccupied so this should be quicker.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
827,515
No I haven't. I did have a client that bought new and it was nothing but a nightmare for him more so than me. His condo was suppose to be ready August 1st, I sold his house, he put his furniture in storage. Then planned to lived in his camper for a few months until August when he could move in August turned in Sept. then Oct. this went on until finally he was able to move in the beginning of Feb. I would never recommend building unless you are not in a hurry to move in.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
1,027,657
No, I really have not seen agents pushing their clients in that direction...it's more a case of clients not wanting to wait. Most buyers who want new construction are prepared to wait; the folks who are not so committed to new build end up looking for newer resales. We do not have much new construction in our market, anyway, and it's all on the higher end, so that's more of a factor.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
5,774,095
Barbara,
We are in a no-growth zone. So we don't see that here, nor have I heard of that in any of the areas we have worked in. A
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Barbara Todaro
Franklin, MA
-
Bob Crane
Stevens Point, WI
1,870,243
I have mentioned it when the builder is 1.5 years out or something ridiculous. NC is hard to beat for most buyers. They love the new.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
3,416,372
We have a shortage of new homes here, many look at the new homes, but want to be in now and the new home occupnacy is still months away Barbara Todaro
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Bob Crane
Stevens Point, WI
-
Lyn Sims
Schaumburg, IL
-
Barbara Todaro
Franklin, MA
2,230,207
I have not Barbara
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
4,800,282
I haven't noticed this.
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
4,736,178
While we are starting to see more in-fill condo projects being developed, new construction is still a very small part of the real estate picture in most of my market. In these still very low inventory times, it would be nice to have some options.
It's horrible to hear about anyone putting their own interests ahead of their clients.
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
3,074,389
Depends if the new construction is already built ... "spec" homes
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
932,848
Yes. many agents don't understand new construction, and don't want to wait to get paid. Toll brothers here would pay agents $2000.00 of their commission up front when contract was signed, then the rest when home was completed and went to settlement.
-
Bob Crane
Stevens Point, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Barbara Todaro
Franklin, MA
1,157,841
In my area, you can buy pre-construction condos several years before they close. A buyer who wants to move now will not buy a home that closes far in the future but may consider an inventory home (rarely available), a new condo that just closed that is being flipped, a resale home and other options.
-
Bob Crane
Stevens Point, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Barbara Todaro
Franklin, MA
4,322,035
Barbara Todaro - I usually follow the directions from the buyers on this.
If they have sufficient time, and a good new construction is available, why not?
-
Bob Crane
Stevens Point, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Barbara Todaro
Franklin, MA
1,619,062
No
Most of our new construction is $600K + and come with additional Mello Roos Tax so, not all my buyers can afford them.
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
5,165,525
Can't say I have. I have buyers considering both options and what works best for their needs and time frame.
-
Barbara Todaro
Franklin, MA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Bob Crane
Stevens Point, WI
151,733
I've not noticed agents encouraging resales over new construction, but I really don't know how other agents work with their buyers. I only know how I work with mine.
We do have a lot of new construction going on in our area. However, because we are on the coast, and most all of the land along the coast has already been built, the new construction is primarily being built inland. So, the prime real estate is mainly resales because they are closer to the beach.
-
Barbara Todaro
Franklin, MA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Bob Crane
Stevens Point, WI
5,485,236
Barbara Todaro, I've never heard anyone say that and, personally, I LOVE selling new construction in the Charlotte area! In fact, I have 3 of them right now - just Closed one yesterday and have 3 more to go.
I have another set of buyers who can't seem to find the perfect home so, I suggested new construction, found them a lot and a builder and met with the builder today, as a matter of fact!
I don't care how long it takes to Close - as long as my clients are thrilled with their purchase. And, we're filling the pipeline, right?! The 3 new construction buyers that I have under contract now, all went under Contract in 2016!
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Barbara Todaro
Franklin, MA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Bob Crane
Stevens Point, WI
2,519,641
I have not noticed that here yet Barbara Todaro
-
Barbara Todaro
Franklin, MA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Bob Crane
Stevens Point, WI
759,382
With a resale home, a buyer can definately close quicker than new construction which is in the building process. However, a completed new home can close as quickly as a resale. However, in our market, there may be added value to a resale in a larger lot, potential more square footage and an established neighborhood. The negative is added maintenance, less options to customize, and perhaps an immediate need for a remodel. It is ultimately what works best with the buyer and their timeline. New construction is flying out the door as well as resales. My husband has an expensive spec completing the framing stage - and it is off market. We received one offer and have 4 others looking at it seriously.
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
809,308
I don't know what others do but we often have 1-3 build jobs going on at any given time. Right now we only have one but a few possibly in the works. We also have a lot of builder spec homes for sale here so new construction often is as quick as a resale transaction. -Kasey
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
8,147,028
That has always been a factor.
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
-
Anthony Acosta - ALLAT...
Atlanta, GA
23,400
I have heard another reason. "Select resale home because it has higher resale value, new construction doesn't has such good resale due to appliances are new when you move in"
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Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,751,437
Since we do both, we 'weight' the buyers' needs and show them homes best meeting that criteria. If they can wait for a CO, then new is shown. To do less than that is in my opinion a breach of the fiduciary duty we owe our clients.
-
Bob Crane
Stevens Point, WI
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
6,683,489
I hope so, we have had a stagnant market for existing homes for the past decade, while the folks with excess money flocked to build new homes on the outer edges of town.
All leading to urban decline, suburban sprawl, and a general waste of money and resources.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Lyn Sims
Schaumburg, IL
3,986,473
Yes...many of those agents need their check now and not 4 months from now
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Barbara Todaro
Franklin, MA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Bob Crane
Stevens Point, WI
719,777
No, not really. Don't know anything like that.
I love selling new builds. Last year in the first quarter of the year alone, I sold several new homes. Those homes all closed in the last 2 weeks before the Holidays - it was like winning the lottery!
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Barbara Todaro
Franklin, MA
-
Cynthia Biechler
Chicago, IL
5,273,062
No. In my community there is no new construction so resale is all that is available. I've 5 buyers I'm representing them on builder homes out of my community..I'm listing their current homes. Its all what the buyer wants!
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Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
5,196,524
People do not want to wait in our area and builters are still 6 months out on most new builds.
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
1,538,184
It's pretty rare to work with an agent on new construction out here. Most builders cooperate.
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
3,429,496
No. I do have clients that would like new construction but they do not want to wait for the build.
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
1,009,128
We don't ahve a lot of new construction in this area so it's primarily resale - and condos are 99.9% resale as well
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
864,758
Nope. I think it really depends on the client's need. Whether it be timing, wants, and desires. What I have seen is if a client can afford the higher expenses, they are leaning toward new constructions.
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
3,627,422
Not around here, both sell equally fast.
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
4,434,227
352,976
We don't have a lot of new construction but some in our market. I closed 2 in January 2017 that opened escrow in September 2016 and it never crossed my mind that the closing would not be sooner.
Making my clients happy if my priority. There will already be the ones looking for the quick and easy way.
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Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
1,618,024
That is a buyer decision
-
Bob Crane
Stevens Point, WI
-
Barbara Todaro
Franklin, MA
6,001,813
It depends on the Buyer, on their timeframe. If they need a quick close, most often there are no spec homes available.
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Barbara Todaro
Franklin, MA
321,664
I have not noticed. We have builders with homes in a variety of stages available. A custom new build? I love these - but not the wait!
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Barbara Todaro
Franklin, MA
36,680
I have sold new construction & most buyers love new but the drawback is that they have to get temporary housing while waiting to build. But there is newer construction already built that buyers can purchase.
-
Barbara Todaro
Franklin, MA
4,273,331
1,045,965
I've noticed them encouraging them to buy resale homes for lots of reasons.. including the builders' increasing propensity to only pay commission on BASE PRICE
2,234,859
We don't have a lot of new construction in my area. I'm not seeing this trend...yet.
5,480,649