usctrojancpa
Well-known member
There's a lot more involved for me than just signing in most of my new home buyers to the new home developments. With the majority of buyers, we look and make offers on resale homes while keeping the new home as a plan B. Both the buyers that only want to buy new and ones that look at resale homes, I help them through the options process, refer them lenders/contractors/inspectors/etc, discuss with them the various loan options (fixed vs. ARM vs. interest-only ARM), and talk about any tax matters.
Given that the market is so hot and since CalPac's new Cypress Village condos are selling well without providing a broker coop, they'll continue that practice until the market cools off at which time they'll bring the broker coop back (we saw this with iPac with Laguna Altura when those homes were first released). Even with offering the broker coop, I've venture to guess that less than half of buyers bring an agent with them to register because they are not aware of the broker coop and the rules that they need to bring an agent with them on their first visit to the sales office. I've had dozens of people over the years who have contacted me to register with them after they've already given their names to the builders but I tell them the builder won't allow for it as I didn't accompany them on their first visit to the sales office.
Given that the market is so hot and since CalPac's new Cypress Village condos are selling well without providing a broker coop, they'll continue that practice until the market cools off at which time they'll bring the broker coop back (we saw this with iPac with Laguna Altura when those homes were first released). Even with offering the broker coop, I've venture to guess that less than half of buyers bring an agent with them to register because they are not aware of the broker coop and the rules that they need to bring an agent with them on their first visit to the sales office. I've had dozens of people over the years who have contacted me to register with them after they've already given their names to the builders but I tell them the builder won't allow for it as I didn't accompany them on their first visit to the sales office.