Bob's Broker Buzz

Top Secret: New Home Development

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<span style="font-family: Calibri, sans-serif; font-size: large;"><b>Top Secret: Park Place in Ontario</b></span></div>
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<span style="font-family: "Calibri","sans-serif";">Developers
do not want to tell you about future developments because they want you to
focus on what they currently have, rather than having you think about what will
happen in the future.  We prefer to keep you informed with what we are
doing today as well as what projects we are developing on the horizon. Let me
share with you a future development that is very exciting for our company, and
it should be very positive for you as you plan your business into the future.<o:p></o:p></span></div>
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<a href="http://4.bp.blogspot.com/-VqbGKoPSchI/Uie4fblz9sI/AAAAAAAAAn4/vM6QgrBSu50/s1600/new_construction.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="Park Place in Ontario" border="0" height="276" src="http://4.bp.blogspot.com/-VqbGKoPSchI/Uie4fblz9sI/AAAAAAAAAn4/vM6QgrBSu50/s320/new_construction.jpg" title="Park Place in Ontario" width="320" /></a></div>
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<span style="font-family: "Calibri","sans-serif";">Park
Place is now being developed in the city of Ontario.  We are initially
developing 435 lots to be built by a number of national
builders, with the grand opening set for November 2014. <o:p></o:p></span></div>
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<span style="font-family: "Calibri","sans-serif";">Park
Place at build out will consist of 1,437 homes on 345 acres, with 10 acres set
aside for a (K-5) school and 20 acres set aside for a (6-8) school and 11 acres
for public parks. <o:p></o:p></span></div>
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<span style="font-family: "Calibri","sans-serif";">The
approximate location is at the South East Corner of
Eucalyptus Ave. and Archibald Ave. We strongly
encourage each builder to cooperate with Realtors.<o:p></o:p></span></div>
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<span style="font-family: "Calibri","sans-serif";"><b>The
exciting news is that Park Place is going to be a great opportunity for first
time home buyers. <o:p></o:p></b></span></div>
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<span style="font-family: "Calibri","sans-serif";">We
share this information with you because for over fifty years the <a href="http://www.lewisop.com/?utm_source=Blog&utm_medium=Social&utm_content=New+Building+Projects&utm_campaign=Blogger+Lewis+Broker" target="_blank"><b>Lewis Group of Companies</b></a> has partnered with real estate agents and we will continue that
tradition well into the future. </span><br />
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<span style="font-family: Verdana, sans-serif;"><b><span style="line-height: normal;">Click </span><a href="http://feedburner.google.com/fb/a/mailverify?uri=BobsBrokerBuzz&amp;loc=en_US" style="line-height: normal;" target="_blank">here</a><span style="line-height: normal;"> to receive Lewis Broker blog posts by email.</span> </b></span><span style="font-family: Calibri, sans-serif;"><o:p></o:p></span></div>

Top Secret: Park Place in Ontario Developers do not want to tell you about future developments because they want you to focus on what t...

Holy Grail Pricing On New Homes

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<br />Early New Home Phases Are The Holy Grail</h3>
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<tr><td style="text-align: center;"><span style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><a href="http://bit.ly/12dO6jI" target="_blank"><img alt="Holy Grail Pricing on New Homes" border="0" height="200" src="http://4.bp.blogspot.com/-GVzNy03fitc/Uctb8aEPiGI/AAAAAAAAAjc/SenWbVesA1I/s200/Holy-grail.jpg" title="Holy Grail Pricing on New Homes" width="108" /></a></span></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://bit.ly/12dO6jI" target="_blank">Phase One Pricing</a></td></tr>
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Many Realtors know that when it comes to new home purchases, the early phases seem to be the Holy Grail. <a href="http://bit.ly/12dO6jI" target="_blank">First phase homes</a> will have the lowest prices in the neighborhood. That's where pricing starts, and it always goes up from there.<br />
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In a Bad Market...</h3>
Even in a bad market the price goes up, though not very much. Phase one pricing and the final phase pricing may not be that far apart. Here's what happens: the prices may go up just a little bit, but the incentives may increase significantly. How do home builders sell new homes for more when the market is moving down? They keep piling on incentives. So a home in phase one may sell for $300,000 and the same home in the final phase may sell for $350,000. That process may have taken a year. The house in phase 1 may have come with a washer and dryer, while the house in phase 20 may have come with a washer, dryer and refrigerator along with backyard landscaping and possible window treatment. Home builders need to keep raising prices or buyers would just drop out all the way. Why would anybody stay in escrow if the person after them paid less than they paid for a similar home.<br />
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In a Good Market...</h3>
In a rising market, the first phase is still going to offer the lowest priced new homes. What usually happens is that fewer incentives will be offered with each phase. In today's market you no incentives. However, we are not in a typical market. In a typical market, you might get a washer / dryer and refrigerator or closing costs as an incentive, but in today's market prices keep going up and there are no incentives. In today's market, between the time you place a down payment and the time your home is built and escrow closes, you may have a significant amount of equity in your home due to rising prices.<br />
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So what should a Realtor do? </h3>
Every new home buyer wants to buy in the first phase. Realtors need to drive their clients to new home communities and register them on the buyer's first visit. New home builders often do not advertise new communities when they are building the models. When they start a new community they drop a sign that says "New Community Coming Soon." They often have a temporary trailer act as an on-site sales office to add prospects to an interest list, and they provide general information about the project. This is the opportune time for you to get your clients on the interest list. To get on the interest list clients need to provide proof of funds, or get pre-qualified  by the builders lender. There is typically a period of three or four months during which a builder creates this interest list. During that time they don't do much promoting or advertising.<br />
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When the builder decides to go to sale, they host a grand opening. The builder will call everybody on the interest list that has been pre-qualified, invite them to the grand opening, announce pricing, and write contracts on new homes based on the names that are first on the list and qualified to purchase a home.<br />
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In Summary...</h3>
Stay on the lookout for new home communities, register your clients early, and both you and your client will be pleased with the outcome!<br />
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Click <a href="http://feedburner.google.com/fb/a/mailverify?uri=BobsBrokerBuzz&amp;loc=en_US" target="_blank">here</a> to receive Lewis Broker blog posts by email.<br />
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Early New Home Phases Are The Holy Grail Phase One Pricing Many Realtors know that when it comes to new home purchases, the early ...

Renaissance At Avellino

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<span style="color: red; font-size: x-large;"><a href="http://www.vandaele.com/neighborhoods-all/renaissance-at-avellino/" target="_blank">Renaissance at Avellino</a></span></div>
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<span style="color: red; font-size: x-large;">is the area's fastest selling new home community!</span></div>
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<span style="color: red; font-size: large;"><b>$10,000 Realtor Commission</b></span></div>
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<span style="color: red; font-size: large;"><u>Homes are available for immediate purchase for your buyer</u>.</span></div>
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<span style="color: red; font-size: large;">Almost 80% of sales are with the help of Realtors; see what the Realtors are so excited about!</span></div>
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<a href="http://www.vandaele.com/neighborhoods-all/renaissance-at-avellino/" target="_blank"><img alt="Renaissance at Avellino" border="0" src="http://1.bp.blogspot.com/-QgYd57bcD7M/UdRXOrtq39I/AAAAAAAAAk8/D3IadSPuTF4/s317/Renaissance+at+Avellino.jpg" title="Renaissance at Avellino" /></a></div>
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<span style="color: red; font-size: x-large;"><b>Broker Luncheon, Wednesday, July 10th</b></span></div>
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<span style="font-size: x-large;">11 AM to 1 PM</span></div>
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<a href="http://1.bp.blogspot.com/-oQxRHMbMrAk/UdRZRboEqpI/AAAAAAAAAlM/aWVjxAtVbs4/s326/Renaissance+at+Avellino+Map.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="200" src="http://1.bp.blogspot.com/-oQxRHMbMrAk/UdRZRboEqpI/AAAAAAAAAlM/aWVjxAtVbs4/s200/Renaissance+at+Avellino+Map.jpg" width="167" /></a><b>Residence 1 and 2</b></div>
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<b>3,184 to 3,810 square feet (approx.)</b></div>
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<b>4 bedrooms, 3.5-4.5 baths, 2-3 car garage</b></div>
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<b>Bonus Rooms</b></div>
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<b>September & November move-in's available! </b></div>
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<span style="color: red; font-size: x-large;"><b>From only $492,390</b></span></div>
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<span style="font-size: x-small;">Prices and terms are subject to change and prior sale without notice. </span></div>
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<span style="font-size: x-small;">Artists rendering of model offered is not the actual home featured. </span></div>
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<span style="font-size: x-small;">DRE#00974168  3/11/17  </span><span style="font-size: x-small;">Realtor must accompany their claim on the first visit.</span></div>

Renaissance at Avellino is the area's fastest selling new home community! $10,000 Realtor Commission Homes are available for ...

Buying a Three Bedroom VS a Four Bedroom New Home

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<a href="http://www.vandaele.com/neighborhoods-all/renaissance-at-avellino/" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;" target="_blank"><img alt="Renaissance at Avellino" border="0" height="265" src="http://1.bp.blogspot.com/-OerotwpkJVY/Ubilx4XDnWI/AAAAAAAAAnw/Re0vytDsYTU/s400/Avellino_Renaissance_Plan_3.jpg" title="Renaissance at Avellino" width="400" /></a></div>
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<span style="font-family: inherit; line-height: 115%;"><b>In the long
run you're better off buying a four bedroom new home even if you never use that fourth
room at all.</b></span></div>
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<span style="font-family: inherit;"><a href="http://homebuying.about.com/od/sellingahouse/qt/0207WhyMove.htm"><span style="line-height: 115%;">About.com</span></a><span style="line-height: 115%;"> says most people sell their homes
within five to seven years. As you try to sell your home, more and more people will
be looking for four-bedroom homes than looking for three-bedroom homes. So even
if you don’t ever use that fourth bedroom for the five to seven years that you
live in the home, that fourth bedroom may come in very handy when you turn
around and try and sell the home.<o:p></o:p></span></span></div>
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<span style="font-family: inherit; line-height: 115%;">Think of the
question this way: Isn't it easier to try and sell a home that is a little bit
too big versus a house that is a little bit too small? Most people say “Well
it's a little bit bigger than we need, but we'll take it.”  But if it's a little bit too small, you've got
no hope. Interest rates are so low right now that why not pay a little bit more
for a four bedroom?<o:p></o:p></span></div>
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<span style="font-family: inherit; line-height: 115%;">Dynamics are
always changing. Maybe you’re single, or you have roommates or a partner, or you
get married or you don’t. Maybe you have children. Regardless, of your current
situation, families change.  Parents,
friends, siblings, or grown children may come to stay at your home or even live
there indefinitely.  Maybe at some point
in time, you even decide to rent out the fourth bedroom. Things are always
changing, and you can always adapt to too much space. But it’s very difficult
to adapt to too little space.<o:p></o:p></span></div>
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<b><span style="font-family: inherit; line-height: 115%;">There are a few advantages to a
three-bedroom home over a four-bedroom home:</span></b><br />
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<li><span style="line-height: 18px;"><span style="font-family: inherit;">a three-bedroom home costs less money</span></span></li>
<li><span style="line-height: 18px;"><span style="font-family: inherit;">a three bedroom home  is generally less effort and money to maintain</span></span></li>
<li><span style="line-height: 18px;"><span style="font-family: inherit;">lower square footage often means lower energy costs, which brings us right back to the idea that a three bedroom home costs you less to maintain than a four bedroom home</span></span></li>
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<b><span style="font-family: inherit; line-height: 115%;">How many three bedrooms homes are
being built versus four bedroom homes?</span></b></div>
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<span style="font-family: inherit;"><span style="line-height: 115%;">According to
USA Today's article entitled “</span><a href="http://www.usatoday.com/story/news/nation/2013/06/08/houses-bedrooms-family-size-homes/2390141/"><span style="line-height: 115%;">New Homes Still Getting Bigger</span></a><span style="line-height: 115%;">” by Greg Toppo, June 8, 2013:<o:p></o:p></span></span></div>
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<span style="font-family: inherit; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: minor-latin;">Three-bedroom homes still dominate overall housing: 47% of buyers of new
and used homes picked three-bedroom models last year, while 26% bought four or
more bedrooms, according to the National Association of Realtors. Data for new
homes tell a different story. <o:p></o:p></span></div>
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<span style="font-family: inherit; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: minor-latin;">The share of new homes with three bedrooms dropped from 53% in 2009 to
46% in 2012.New houses with four or more bedrooms snagged 41% of the market
last year, their highest share ever. Smaller houses — two bedrooms or fewer —
accounted for just one in five new homes in 2012.<o:p></o:p></span></div>
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<a href="http://www.vandaele.com/neighborhoods-all/renaissance-at-avellino/gallery/?pid=344" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;" target="_blank"><span style="font-family: inherit;"><img alt="Renessaince at Avellino Maste Bedroom" border="0" height="211" src="http://4.bp.blogspot.com/-o_C1f1BS788/UbinRyl6WRI/AAAAAAAAAoA/RUBaWHZjnf4/s320/renaissance-plan-3-master_web.jpg" title="Renessaince at Avellino" width="320" /></span></a></div>
<span style="line-height: 115%;"><span style="font-family: inherit;">If you have
your choice, and the three-bedroom is all that's being offered and what you can
afford, then that’s what you should buy. If you're in a position to choose
between a three bedroom and a four bedroom home, and the price difference is
not huge, then I would almost always pick the four-bedroom.</span><span style="font-size: small;"><o:p></o:p></span></span></div>
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<span style="font-size: 12.0pt; line-height: 115%;">Subscribe
<a href="http://feedburner.google.com/fb/a/mailverify?uri=BobsBrokerBuzz&amp;loc=en_US" target="_blank">here</a> to our blog for useful real estate tips and updates on new homes in the
Inland Empire.</span></h4>
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In the long run you're better off buying a four bedroom new home even if you never use that fourth room at all. About.com says m...

Agent Builder Palooza

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<a href="http://3.bp.blogspot.com/-QXP71AcDTPo/UYE-lUwsNQI/AAAAAAAAAgA/Wtu_MpN-ARU/s1600/ab_palooza_2013flyer_header.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="119" src="http://3.bp.blogspot.com/-QXP71AcDTPo/UYE-lUwsNQI/AAAAAAAAAgA/Wtu_MpN-ARU/s320/ab_palooza_2013flyer_header.jpg" width="320" /></a></div>
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Join us for Agent / Builder Palooza 2013, Thursday, May 2nd. No registration needed, just show up.  But get here early because it’s crowded!</div>
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Seven years ago at the height of the real estate
market,  broker participation averaged
40-50%  at new home communities.  Today, broker participation  is between 80-90% due to lack of resale
inventory.  Seven years ago most new home
builders made buyers sign an “Occupancy Addendum”,  stating that they would live in the home for
at least one year.  Today there is no
such addendum,  Investors are welcome.</div>
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Wouldn’t it be helpful to know where new homes are being
built, what the floor plans look like, if they offer single stories, what the
commissions are,  how to register a
client and so much more?</div>
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<li>Meet top Southern California home builders</li>
<li>Learn about higher commissions and builder / broker programs</li>
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The Agent / Builder Palooza 2013 is an event that gives agents and new home
builders an opportunity to network
together and help each other grow their businesses.</div>
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If you’re working with investors, many agents forget that
new homes offer tremendous opportunities for their clients.  Price increases with each new phase release are similar to the price increases we saw seven years ago.  If you’re working with first time or move up
buyers, wouldn’t it be helpful to know where a builder has communities or is
planning on opening a new community? The new home builders will be bringing their standing inventory list
with them. How important is that to know?</div>
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Join us for Agent / Builder Palooza 2013, Thursday, May 2nd. No registration needed, just show up. But get here early because it’s crow...

Large NEW Single Story Homes

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<a href="http://1.bp.blogspot.com/-8co8WmHd5Js/US_WWHMGsgI/AAAAAAAAAWY/5qIywZZngkw/s1600/Beazer+at+Vineyard.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="181" src="http://1.bp.blogspot.com/-8co8WmHd5Js/US_WWHMGsgI/AAAAAAAAAWY/5qIywZZngkw/s320/Beazer+at+Vineyard.jpg" width="320" /></a></div>
<b style="background-color: white;"><span style="color: #0b5394;">Register Your Clients Today!</span></b><br />
This weekend Beazer Homes in Rancho Cucamonga at 6th & Archibald is having a grand opening of their newest neighborhood called "<a href="http://bit.ly/XLcN5F" target="_blank">The Vineyards at Harvest</a>". There will only be 15 of these homes total. Prices will start in the low $500k range.<br />
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Beazer pays a 3% commission and if you have any clients looking for a single story, this neighborhood is very unique because there is NO Mello Roos.<br />
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<span class="text_exposed_show" style="background-color: white; display: inline; font-size: 12.727272033691406px; line-height: 17.99715805053711px;"><span style="font-family: Arial, Helvetica, sans-serif;"><b>Follow my blog by email for:</b></span></span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 17.984375px;"><b><span style="color: #0b5394;">Click <a href="http://referral.lewisapartments.com/lewis-broker-apps/" target="_blank">here</a> to learn </span><span style="color: #0b5394;">how we can help you farm using Facebook.</span></b></span></span></div>
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Best, Bob

Register Your Clients Today! This weekend Beazer Homes in Rancho Cucamonga at 6th & Archibald is having a grand opening of their newe...

New Homes Offer Big Opportunities for Realtors

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<b style="font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; line-height: 17.99715805053711px;"><a href="http://www.lewisbroker.com/" target="_blank"><span style="color: #0b5394;">Big Opportunities for Realtors!</span></a></b><br />
<span style="font-size: 12.727272033691406px;"><span style="font-family: Arial, Helvetica, sans-serif;">New home sales are a wonderful opportunity for realtors to earn a huge payday without a whole lot of work, at least no contract writing. In a typical market realtor sales at new home tracts average between 40-50%. I like keeping you infor</span></span><span class="text_exposed_show" style="background-color: white; display: inline; font-size: 12.727272033691406px; line-height: 17.99715805053711px;"><span style="font-family: Arial, Helvetica, sans-serif;">med as to percentages of broker deals at new home communities the Lewis Company is involved with. The builders have a very clear understanding of the importance of realtors.<span style="color: #333333;"> </span></span></span><span class="text_exposed_show" style="background-color: white; display: inline; font-size: 12.727272033691406px; line-height: 17.99715805053711px;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span>
<span class="text_exposed_show" style="background-color: white; display: inline; font-size: 12.727272033691406px; line-height: 17.99715805053711px;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span><br />
<span class="text_exposed_show" style="background-color: white; display: inline; font-size: 12.727272033691406px; line-height: 17.99715805053711px;"><span style="font-family: Arial, Helvetica, sans-serif;">Classics at Avellino by Van Daele 45 sold, 23 with realtors <b>(51%)</b><br /><br />Renaissance at Avellino by Van Daele 34 sales, 28 with realtors <b>(82%)</b><br /><br />Harvest by Beazer 30 sold, 24 with realtors <b>(80%)</b><br /><br />Van Daele Estates at Etiwanda by Van Daele 42 sold, 26 with realtors <b>(61%)</b></span></span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 17.984375px;">Cheers, Bob Karatz</span></span></div>

Renaissance at Avellino, Plan 1, Elevation C Big Opportunities for Realtors! New home sales are a wonderful opportunity for realtors...

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