4S ranch Silhouette starts to sell model homes! will it stop selling future houses??

[nestingcouple]

Silhouette had a release last Saturday, and seems that none of the houses in the release was sold (as I checked a few days ago). Tonight I received an email from Silhouette about the sale of their model homes. I’m kind of shocked to see this, does it mean it will stop building new houses? if not, why it would sell the model homes when it still has quite a few future releases? since buying one house from Silhouette, Maybeck, Pienza and Chanteclair is one big possibility for me. Silhouette’s stopping building would mean less choices, less new home inventory and less presure to other builders. What’s your opions on the annoucement of the sale of the models?

”
John Laing Homes would like to announce the sale of the beautiful Silhouette models! Please contact the Sales Counselor for more information about this great Lease Back Opportunity.

Explorer (Plan 1) – 2,559 square feet, 4 bedrooms, 3.5 baths, 3 car tandem garage. Priced from $775,990 – $799,990.

Surfer (Plan 2) – 3,070 square feet, 4 bedrooms, 3.5 baths, 3 car tandem garage. Priced from $779,990 – $799,990.

Dreamer (Plan 3) – 3,356 square feet, 4 bedrooms plus den, 3.5 baths, 2 car garage. Priced from $855,990 – $899,990.

You will have the opportunity to purchase a home only if you have completed a Homeward Bound and have been pre-qualified by Marty Hayek, our JLH Mortgage Counselor. He can be reached at (760) 419-0865.

”

[sdcellar]

Since they mentioned Lease Back opportunity, I’d say it’s exactly that–one can purchase a model, but you need to be willing to lease it back to John Laing until they’re finished with the project.

I don’t know much about it, but I know of one other example where it was actually a pretty good deal in that the developer leased it back at an above market rate.

Not sure how commonly this is done, but I can see where they’d do it in a declining market–they’d get more for it today than they would 2 years from now.

[sdcellar]

Since they mentioned Lease Back opportunity, I’d say it’s exactly that–one can purchase a model, but you need to be willing to lease it back to John Laing until they’re finished with the project.

I don’t know much about it, but I know of one other example where it was actually a pretty good deal in that the developer leased it back at an above market rate.

Not sure how commonly this is done, but I can see where they’d do it in a declining market–they’d get more for it today than they would 2 years from now.

[nestingcouple]

Hi sdcellar, thanks for pointing out the implications of the lease back opportunity. After thinking about it, this indeed seems to be a smart move for a builder in a down market. I guess the down side of doing so is the builder’s risk-avoidance image created by this offer on potential buyers.

[nestingcouple]

Hi sdcellar, thanks for pointing out the implications of the lease back opportunity. After thinking about it, this indeed seems to be a smart move for a builder in a down market. I guess the down side of doing so is the builder’s risk-avoidance image created by this offer on potential buyers.

[gn]

Even in a sellers market, it’s very common for builders to sell the models 6 months (or more) before they’re finished with the project.

In today’s strong buyers market, builders have another reason to sell the models early: today’s price is very likely to be higher than next year’s price.

I don’t think the builders will stop building in 4S. The development of 4S is 2/3 finished. And since it’s a master-planned community, they’ll finish building everything out.

[gn]

Even in a sellers market, it’s very common for builders to sell the models 6 months (or more) before they’re finished with the project.

In today’s strong buyers market, builders have another reason to sell the models early: today’s price is very likely to be higher than next year’s price.

I don’t think the builders will stop building in 4S. The development of 4S is 2/3 finished. And since it’s a master-planned community, they’ll finish building everything out.

[bayparkwatcher]

Is it just me or does a three-car tandem garage sound like a nightmare?

[bayparkwatcher]

Is it just me or does a three-car tandem garage sound like a nightmare?

[ocrenter]

Silhouette’s lots are all graded and ready to go for a long time coming. the weed to dirt ratio is increasing on these lots, in comparison to the lots for the other 4S projects.

the lease back plan by the builder is a good idea, but if they can’t even finish selling phase II, I don’t see how they are going to get someone to buy their model homes at $100,000 above their already build phase II homes that are still standing empty.

[ocrenter]

Silhouette’s lots are all graded and ready to go for a long time coming. the weed to dirt ratio is increasing on these lots, in comparison to the lots for the other 4S projects.

the lease back plan by the builder is a good idea, but if they can’t even finish selling phase II, I don’t see how they are going to get someone to buy their model homes at $100,000 above their already build phase II homes that are still standing empty.

[gracie]

Do the homes come with the furniture?

[gracie]

Do the homes come with the furniture?

[rube]

Typically model homes are sold with everything in them from the furniture to the glued down place settings.

[rube]

Typically model homes are sold with everything in them from the furniture to the glued down place settings.

[Author]

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