Just thought I’d share a quick story. This Saturday the Fam and I were bored and decided to drive up to Temecula to view the homes and see what kind of deals were being offered. Most places have reduced prices and then will kick in another 80k towards whatever you want, rate buy down, selling price or whatever.
The last place we visited was Stratford at Redhawk.
These are Centex homes anywhere from 2204 to 2750 sq ft and priced from 389k to 419k. After checking out these homes I went back and told the sales lady that they are nice but I’m looking to buy closer to 300k. She quickly said that when a house falls out of escrow the builder will slash the price on it just to move it and it might be closer to what I am willing spend. Then I asked if I could also collect a commission since I have an active RE license? Again she quickly said yes! its 5% on top of whatever deals are offered.
To be honest these homes were not my favorite but I think this shows that we are around the $135 price per sq ft. already. By next Spring I imagine there will be some very attractive deals popping up.