Some builders are allowing their new construction to be purchased by investors. Some are prohibiting investors but allowing “second home” buyers. Some only will see to someone using a home as their primary residence.
Incentives vary not only from builder to builder but between communities under construction by the same builder. Cabrillo Point, Pulte’s 69-unit development to the southeast of Arrowhead Mall, opened this weekend. The incentives, compared not only to other Pulte communities but to other builders, are minimal at best – $10,000 toward the closing costs with a loan through Pulte Mortgage, an additional $10,000 toward options and half off the lot premium (all but three of the available lots have premiums.)
Contrast that to other Pulte communities where buyers of new homes – not specs, but to-be-built from dirt homes – received $50,000 plus the $10,000 from Pulte Mortgage.
How does someone a thousand or so miles away in Canada keep track of what’s what and where they’re actually able to buy? Help’s an e-mail away.
[tags]Canadian buyers Phoenix real estate, Phoenix new builds[/tags]