All Posts Tagged With: "builders"
Speculator Risk Soars With Home Builder Discounts
If the full-page ads in my local paper are to be believed, new home demand has begun to flag. The issue is not how many units will be sold, rather it’s the way they’ll be priced. Recent ads have offered new home discounts ranging from $70,000 to as much as $100,000. In many areas across [...]
17Sep2008 | Peter G. Miller | 0 comments | Continued
How Does A “Buy-Down” Reduce Mortgage Interest Costs?
With a “buy-down” you have a below-market interest rate (it is “bought down”) because either the borrower or the seller have given additional money to the lender up front. There are different forms of buy downs, most reduce interest costs in the first few years of the loan. For instance, if you pay an extra [...]
1Sep2008 | Peter G. Miller | 0 comments | Continued
How Do I Bargain With A Builder?
Builders are merely sellers. Their prices and terms are negotiable to the extent that market forces favor negotiation. Thus, if a builder is having an easy time selling out a project the chance to negotiate (get better terms) is poor. If the builder is having problems, then price and terms are likely to be very [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
Do we need a termite inspection for a new home?
It used to be that lenders routinely required a termite inspection for new homes. The logic was that when you look at a new home you see a finished product. However, weeks before completion, the elements making-up that new home were pipes, wires, and wood. And that wood, sitting outdoors for an unknown amount of [...]
27Aug2008 | Peter G. Miller | 0 comments | Continued
Should I Build By Myself Or Use A Builder?
All construction projects are unique so it can’t be said that one approach is always better than the other. For instance, it may seem cheaper to erect a home without a builder, but a builder may have systems, workers and equipment that can produce significant economies. And, it may be argued that if you build [...]
22Aug2008 | Peter G. Miller | 0 comments | Continued
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