4 Builder’s Incentives You Need To Know

By Scott Ostrode

Scott has been a licensed Realtor since 1998. In 2003 he joined Keller Williams Realty and in 2007 he formed Team Ostrode Properties. Scott grew up in Sacramento and has raised his family in the area as well.

Are you waiting for rates to fall, or are you just tired of looking at homes that need a lot of work done? If so, there is a solution for you that can help you lock in lower rates for a quality-made home. The secret lies in buying a home from builders. When you buy from builders, you get incentives and advantages that you otherwise wouldn’t if you purchased from others. Today, I will share with you the four key incentives that builders offer to buyers:

1. Below market rate. If high interest rates make you feel priced out of the market due to increased monthly payments, consider the advantage builders offer: below-market interest rates on their homes. By securing a rate lower than the market average, your monthly payments will be more affordable compared to most resale properties. This can make a significant difference in your overall housing costs and help you manage your budget more effectively.

2. Concessions that will cover your closing costs. In addition to offering lower interest rates, builders can also provide concessions to cover your closing costs. Many clients have just enough savings for the down payment but struggle with additional expenses like title escrow, insurance, and other closing costs. Fortunately, many builders offer incentives to cover these costs, allowing you to focus only on producing the downpayment.

3. Use incentive money to design the home. One advantage of buying from builders is you can redesign and customize the home exactly the way you want it using the builder’s incentives. You can upgrade your cabinets, countertops, flooring, and other features to ensure that the home is a perfect fit for your taste, lifestyle, and needs.

4. Quick move-ins or standing inventory. Lastly, if you’re looking for the best pricing on a home, you’ll be happy knowing that builders often have flexibility with pricing on homes that are either already completed or nearing completion, which are called quick move-ins or standing inventory. If you’re hoping to get the best deals, call us and we’ll help you find the perfect home from our inventory list.

So, if you’re looking for homes right now and you want to lock in the lowest possible interest rate, call me today at (916) 799-1662 or send me an email at scott@teamostrode.com. I’ll help you find the right home in the right neighborhood. Remember, before you buy a home, make sure you “Got Scott!”