Hello, Piggintonians: Kelly Bennett from voiceofsandiego.org here.
Have you heard about this sales tactic? The developers promise to buy your old house if you buy one of their new ones. I think I saw a post on here a while ago about this but I can’t find it now.
So far, I’ve seen an offer from Michael Crews Development (for some of that builders homes in Escondido and Vista) and one from Barratt American for Magnolia Estates.
I’m working on a story on this trend this week — have any of you seen any other examples of the developer/builder buying the old homes of their customers?
I saw his advertisement in the paper over the weekend. There was some fine print to it and I just glossed over it. Not sure how different his claim is vs. realtors who do the same thing if they can’t sell your home…
I saw his advertisement in the paper over the weekend. There was some fine print to it and I just glossed over it. Not sure how different his claim is vs. realtors who do the same thing if they can’t sell your home…
It’s just a shell game to hold up development pricing.
Developers would rather take a 100k- 300k loss on reselling your old home than take the 100k- 300k hit on your new home purchase. They don’t care about the comps in your old neighborhood, but they sure care about the comps in their current projects.
It’s just a shell game to hold up development pricing.
Developers would rather take a 100k- 300k loss on reselling your old home than take the 100k- 300k hit on your new home purchase. They don’t care about the comps in your old neighborhood, but they sure care about the comps in their current projects.
I think Barratt is in big trouble over at Magnolia Estates. They’re only selling about one unit per month, and they’re completely surrounded by neighborhoods of inferior quality and appeal. They need to something. I think they have five finished units over there that are just sitting, and another 6 or 8 in process.
I think Barratt is in big trouble over at Magnolia Estates. They’re only selling about one unit per month, and they’re completely surrounded by neighborhoods of inferior quality and appeal. They need to something. I think they have five finished units over there that are just sitting, and another 6 or 8 in process.
We looked at one of the Michael Crews Homes in Escondido and they were willing to take a trade-in. They would give you fair market value minus what it would take them to fix up the property for them to sell. They said it would have to work out for them to take a trade-in.
Shea Homes has a Real Estate Team that can help you sell your home. They would waive the their realtor comission if you were to buy one of their homes.
We looked at one of the Michael Crews Homes in Escondido and they were willing to take a trade-in. They would give you fair market value minus what it would take them to fix up the property for them to sell. They said it would have to work out for them to take a trade-in.
Shea Homes has a Real Estate Team that can help you sell your home. They would waive the their realtor comission if you were to buy one of their homes.
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