From Mirasol in Mountain's Edge, I got an email saying they are "able to do new builds on the Santiago and Cordoba floor plans, and we have fully furnished models available as well. For your buyers we have a $20,000 incentive which they can apply to our standing inventory, fully furnished models, and new builds; in order to upgrade, use towards closing costs, and bring down the price! .... For the agents we have a $5,000 bonus (on top of a 3% commission) for any home that we go to contract with before the end of Feb. 2011!"
From Lennar "Register for Lennar's VIP AGENT CLUB to EARN A 5% BROKER CO-OP!*"
From a flipper, "5% Commission on these Great Deals!"
In the old days, I would be happy at the prospect. These days I wonder, what do they know that they think we don't know? As I have mentioned before in this Blog, when sellers offered big Co-op commissions and incentives, it was a bad omen.
My question is how bad and how soon?
If you plan to sell, sell now, or plan to hold.
If you plan to buy, buy for keeps and don't over extend.
What do you think?
Good Hunting.
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