Remember the potential clients you spoke to over one year ago who didn’t have their homes sold? The market was tough and listings were not selling unless they were priced very, very competitively.
Guess what!!! Those homes are now selling, and the owners want to buy the new construction they fell in love with a year ago. We had two of them today!!
Builders have been tortured over the past few years, and they are very realistic about pricing now. They want the deal. They know the deals could become non-existent again…..overnight!!!
Our open house events today resulted in a breath of fresh air from the past. Their homes sold and now they ARE ABLE to buy. It’s time to follow up on the database of names from open house event sign in sheets from over a year ago. There may be a few new deals that you weren’t expecting in that list of names.
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As the residential resale market continues to improve, new construction pending sales are also improving.
You're over the hump with a custom new home after the home is completely framed. During the framing period, the meetings are frequent and the inspections by the buyer need to occur everyday.
When showing new construction to interested buyers, the first step of the purchasing process is very important. The easiest way to encourage nervous buyers to pull that trigger is to not require a deposit with the reservation. Our reservations are good for 30 days with no funds paid up front, and during that period, the buyers will have the opportunity to meet with the builder, have their questions answered, walk through the model home (if there is one) with the builder and meet with all of the suppliers. This reservation will take a property off the market for that period of time. This gives the buyers time to firmly decide if they want to go forth and sign a purchase and sales agreement and pay a 10% deposit, at that time.