The Incentives Offered By Home Builders In San Antonio Tx To Attract Buyers
Following a steady decline in the real estate market from mid 2006, Home Builders in San Antonio TX turned to incentives hoping to attract home buyers in the city. They also hoped that it would assist in differentiating themselves from their competitors. San Antonio residents looking for new homes are advised to compare the incentives offered by various builders prior to making a choice. To help them make a choice, here is a list of the top incentives offered by any San Antonio Home Builder that they should look out for.
Incentives tied to a mortgage company of the builder
On-site sale representatives and builders enjoy cooperating with their established mortgage companies. This is because they are of the opinion that it will make the mortgage repayment process less stressful and easier for them and the buyer than would be the case if the buyer were to use outside lenders. In such a scenario, builders can offer to pay up to a year of homeowner's association fees and closing stocks for buyers. However, one condition is that the buyer must purchase the home using the builder's mortgage company.
Civil service or military incentive
Some home builders located in San Antonio offer a certain amount, usually about $5,000, to people who are serving in or veterans of the military. Other beneficiaries include police officers, firefighters, hospital staff and EMT's. The incentive is meant to be as a way of showing gratitude and appreciation for the services offered. Civil service staff members and teachers are also offered similar incentives by other large home builders.
Less asking price for 'spec homes'
This is a home builder incentives' golden egg, depending on the potential buyer's moving situation. A majority of home builders will build a certain number of homes in San Antonio as 'spec homes'. These are homes constructed on the speculation that buyers will purchase them and move in immediately. Once the construction of these homes is completed, the builder would not wish to sit on a large inventory of homes. Hence, they would offer spec homes that include predetermined upgrades at a less asking price than would be the case if the buyer constructed the home from scratch and then added the upgrades.
'Free gifts' for every home purchased
In some case, making a home stand out takes more than just hardwood floors and granite counter tops. Some builders are going a step further by including in home luxuries such as furniture and plasma TVs. They also offer car leases in an effort to draw in potential buyers. A several year lease on a brand new car for soon to be commuters can offer the perfect way to assist ease into life in the San Antonio suburbs.
When a San Antonio resident is ready to begin the search for a new home, his best bet is to contact a real estate agent specializing in new home communities. Such an agent should assist the resident on the best incentives offered by any San Antonio Home Builder. Since the incentives vary greatly, one should weigh the pros and cons of each prior to making a choice.
Incentives tied to a mortgage company of the builder
On-site sale representatives and builders enjoy cooperating with their established mortgage companies. This is because they are of the opinion that it will make the mortgage repayment process less stressful and easier for them and the buyer than would be the case if the buyer were to use outside lenders. In such a scenario, builders can offer to pay up to a year of homeowner's association fees and closing stocks for buyers. However, one condition is that the buyer must purchase the home using the builder's mortgage company.
Civil service or military incentive
Some home builders located in San Antonio offer a certain amount, usually about $5,000, to people who are serving in or veterans of the military. Other beneficiaries include police officers, firefighters, hospital staff and EMT's. The incentive is meant to be as a way of showing gratitude and appreciation for the services offered. Civil service staff members and teachers are also offered similar incentives by other large home builders.
Less asking price for 'spec homes'
This is a home builder incentives' golden egg, depending on the potential buyer's moving situation. A majority of home builders will build a certain number of homes in San Antonio as 'spec homes'. These are homes constructed on the speculation that buyers will purchase them and move in immediately. Once the construction of these homes is completed, the builder would not wish to sit on a large inventory of homes. Hence, they would offer spec homes that include predetermined upgrades at a less asking price than would be the case if the buyer constructed the home from scratch and then added the upgrades.
'Free gifts' for every home purchased
In some case, making a home stand out takes more than just hardwood floors and granite counter tops. Some builders are going a step further by including in home luxuries such as furniture and plasma TVs. They also offer car leases in an effort to draw in potential buyers. A several year lease on a brand new car for soon to be commuters can offer the perfect way to assist ease into life in the San Antonio suburbs.
When a San Antonio resident is ready to begin the search for a new home, his best bet is to contact a real estate agent specializing in new home communities. Such an agent should assist the resident on the best incentives offered by any San Antonio Home Builder. Since the incentives vary greatly, one should weigh the pros and cons of each prior to making a choice.
