S. Florida: Builder Incentives for New Homes. By Geniusofdespair

I was told that it is hard to judge prices paid for new homes without knowing the incentives. Following is what the New Home Builders are offering buyers in their ads in the June 2007- New Home Guide Vol. XXVIII No. 6D:

GREC HOMES
No Cash? No problem.
No closing costs, no down payment (Not 100% financing, we actually pay your down payment)
Plus: We give you $20,000 cash back after closing.
Owner occupied only.
Townhomes priced from the low $200’s in Florida City.

QUANTUM HOMES
$0 moves you in plus $0 closing costs when you bring in this ad.
Townhomes priced from low $300’s in Hollywood.

PRODESA HOMES
No closing costs. A savings of up to $5,949
No developer’s fee. A savings of up to $3,598.
Only 3% down payment. Easy pay 4 installment plan.
(must use seller’s approved lender and approved title company)
Townhomes priced from $199,900 in North Miami.

TOSCANO
O closing costs.
Free furnishings for home.
Condominiums priced from high $200’s in Dadeland area, Miami.

BH CAPITAL PARTNERS, LLC.
6 months free maintenance.
6% broker commission.
5% seller contribution.
No Developer fee.
(must use seller’s approved lender and approved title company)
Condominiums priced from $149,900 in North West Miami.

BH CAPITAL PARTNERS, LLC.
$3,000 moves you in
6 months free maintenance.
No developers fee.
6% broker commission.
5% seller contribution.
Condominiums priced from $139,900 in North West Miami.

BH CAPITAL PARTNERS, LLC.
$3,000 moves you in.
6 months free maintenance.
Condominiums priced from $159,900 in Pembroke Pines.

BH CAPITAL PARTNERS, LLC.
$3,000 moves you in
No developers fee.
10% broker commission.
5% seller contribution.
Condominiums priced from $139,900 in Coral Springs.

CJM COMMUNITIES
"Move in today - only 2 homes left - make an offer!!! All reasonable offers will be accepted.**"
4.75% first Mortgage
$1,176.96 P&I with 10% down.
Builder will pay first 6 months morgage payment.
Townhome from the high $200's in Sunrise.

ASTOR
0 down and no money due at closing.
I had to call them no price in ad, I got a machine.
Condominium priced unknown in South Miami.

ELAD GROUP FLORIDA – ELAD ISG REALTY, LLC
(2 ads, other for condo’s from $180’s in Sunrise)
Move in for $1
Plus credits of up to 40% off your 1st year’s payments.
Condominiums and townhomes priced from the low $300’s in Weston.

ELAD GROUP FLORIDA – ELAD ISG REALTY, LLC
Receive up to $15,000 Housing incentive (teachers, nurses, policemen, firefighters and federal, county and city employees)
Fist Time Home Buyers could qualify for up to $75,000 in grants.
Condominiums priced from $170’s in Boca Raton.

ACGG DEVELOPMENT GROUP
No association fees for 1 full year.
No developer fee.
$1,000 down.
Condominiums priced from $150,000 in Sunrise.

LPR BUILDERS
Receive $10,000 towards closing costs with this ad.
No builder’s fees.
No CDD taxes, No association fees.
Houses priced from $274,990 in Florida City.

LUCKYSTART HOMES
$30,000 rebate single family home/$40,000 for Townhome (offer valid only through lenders approved by the developer)
No closing costs.
Townhomes from the $340’s, Single family from the $420’s in Homestead.
Preferred lender is InterGlobal

PRIDE HOMES
No builder fee
No CDD
Ask about our $10,000 towards closing costs.
Townhomes from high $100’s and Luxury Townhomes from $300’s in Homestead.

PRIDE ROCK
No HOA
No CDD
Up to $15,000 in incentives (offer valid only through developer preferred Mortgage Company, Pride Rock Mortgage, Inc.)
Free upgrades on selected units.
Single family home from the low $200’s in Homestead.

I also found this ad from a mortgage company in another Real Estate magazine. Many of the services they offer seem troublesome in today's market: