Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners)

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Rainmaker
1,066,939
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

How long after did the buyer booked the lot from when the offer was made? I have learned that in new construction, if you do not perform quickly, prices may change. 

Feb 02, 2018 03:45 AM
Rainmaker
1,438,015
Kat Palmiotti
406-270-3667 (MT), 914-419-0270 (NY), Broker in NY with Grand Lux Realty and in MT with (coming soon!) - Kalispell, MT
The House Kat

I'm assuming when the offer of $5,000 off was made, it was provided in writing somewhere. If there's no expiration date on that documented offer, then they should honor their offer.

Feb 02, 2018 02:55 AM
Rainmaker
3,098,513
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

First question... how much time has passed between the offer and the acceptance of the promotion and did it have an ending date. If it's 24 hours, I'd be yelling and screaming till I got for my client. If it's days or weeks, tough luck. Snooze, you lose.

Feb 02, 2018 04:06 AM
Ambassador
3,316,283
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

If the promotion is still listed in MLS as it was, then it applies.

If it wasn't in MLS, I'd offer (aloud) to the buyers to go back to 'the other' community and work with a builder who stands by their promises.

Feb 01, 2018 10:10 PM
Ambassador
2,864,479
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

That's why I'm glad everything new construction in my market is represented by an agent and in the MLS.  If an "offer" has an expiration they are required to put that information in the MLS and as a BA I would have known prior to presenting to my buyer.

Feb 01, 2018 10:00 PM
Rainmaker
583,750
Peter Mohylsky
PrimeSouth Properties - Santa Rosa Beach, FL
Let me help you find your path to the beach.

I would still have them honor the promotion.

Feb 02, 2018 03:20 AM
Rainmaker
1,492,550
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

If there is no expiration date anywhere where promotion is mentioned they have to honor it. Did they present any document that it is expired? I usually attach MLS printouts on the moment of submitting offer, so what ever terms there, a listing agent can not change( they try to change commission sometimes).

Feb 01, 2018 11:07 PM
Rainmaker
4,451,220
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Can he show you proof that offer has expired?  

Feb 02, 2018 07:13 AM
Rainmaker
5,385,459
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Make an offer.

Feb 02, 2018 06:30 AM
Rainmaker
1,376,417
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Praful Thakkar Have to read the fine print.

Feb 02, 2018 06:24 AM
Rainmaker
3,053,144
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Kat Palmiotti nailed this one!

Feb 02, 2018 06:22 AM
Ambassador
3,104,080
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

How do you spell fraud

Feb 01, 2018 10:46 PM
Rainmaker
4,085,482
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sometimes those promotions are for a specific timeframe, did you go past it?   Is your market strong, maybe you can negotiate with the builder.

Feb 04, 2018 09:04 AM
Rainmaker
735,200
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Was there anything in writing? Among the most important (and ignored) items in all contracts are DATES. Also clauses like "time is of the essence", when you have to perform within the time parameters specified. Leaving things open-ended leads to confusion and possible disputes.

Feb 03, 2018 07:23 AM
Rainmaker
4,797,361
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

See if you can still get the discount through negotiations.

Feb 03, 2018 06:52 AM
Rainmaker
3,982,614
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

WEll you can complain ro move on and I wold move on to a different builder.

Feb 02, 2018 08:20 PM
Ambassador
3,983,049
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Ask if they will honor it unless they told you the price weeks ago and then the problem is you waited too long.

Feb 02, 2018 07:26 PM
Ambassador
2,190,069
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Can you get a copy of the promotion with the expiration date?

Feb 02, 2018 07:00 PM
Rainmaker
1,434,008
Yolanda Cordova-Gilbert
Richmond, TX

I work for a builder and yes promotions do expire! Also, most builders have a disclaimer in the fine print that promotions can expire anytime. We always post when a promotion expires or we tell prospects if prices are going to go up, though the sales agent does not always know.

Feb 02, 2018 01:45 PM
Rainmaker
403,609
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

What does MLS say?  Is there an expiration date noted on this offer?

Feb 02, 2018 11:24 AM
Ambassador
4,218,805
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Submit the offer and if they want to be deceptive then move on.

Feb 02, 2018 09:38 AM
Rainmaker
1,239,516
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

If there was no expiration date on the offer, fight for it!

Feb 02, 2018 09:08 AM
Rainmaker
2,791,660
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Not enough information here (details) Praful to respond.  It leaves me with more questions to get the facts. 

Feb 02, 2018 08:51 AM
Rainmaker
1,015,377
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Accept it. 

I use to see Friday newpaper advertising for special deal and find next day these promotion is waiting for me. After lost out I have the check ready and go there Friday calling home what color you want? They have black and white is already taken at 9 AM..... 

Feb 02, 2018 08:39 AM
Rainmaker
4,998,632
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

if the home is finished, submit what was quoted...

if the home is still under construction, eliminate it...you'll be paying that $5k and more with items that should be minimal costs... the builder will have a fund raiser with your extras...

Feb 02, 2018 07:30 AM
Ambassador
2,355,704
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 My offer is expired.  On to the next one!

Feb 02, 2018 07:30 AM
Rainmaker
2,455,979
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

In Real Esate one must move with a purpose. Many ways to find that out

Feb 02, 2018 06:10 AM
Rainmaker
761,481
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Is the builder using an employee in their sales office or a licensed real estate agent?  

The protocol for the licensed agent is well established.

But the employee...well, it is time to see your negotiation skills put to the test.

Feb 02, 2018 05:45 AM
Rainmaker
849,215
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Was it in writing?

If not it never happend, if so there should be an expiration in there somewhere

Feb 02, 2018 05:36 AM
Rainmaker
1,535,256
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

I ask to go direct to the builder. Someone made a mistake, I'd find out who for my buyer.

Feb 02, 2018 05:24 AM
Rainmaker
3,000,789
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Always get it in writing. Then make the offer, include a letter to the builder and see what they say

Feb 02, 2018 05:21 AM
Ambassador
1,641,860
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Ask to talk to the builder directly and ask him how much he cares about his reputation.

Feb 02, 2018 04:51 AM
Rainmaker
3,279,735
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Prices are subject to change without notice. Not a great practice but often done. You snoze, you lose! In a tight market, they can get away with it!

Feb 02, 2018 04:40 AM