01-25-2007, 01:32 PM
Yeah, it's not surprising, for a couple of reasons:
1) People have an unrealistic expectation of how much their house is worth, especially in a buyer's market.
2) Resales simply cannot compete with builders right now. Knowing the direct profit of our homes and land costs, I can tell you that our company for example generally has a lot more leeway with price reduction than a private seller.
The community that I'm now working in has been going strong for quite a while. Just last month they sold 8 houses, and they're slated to sell even more this month. It looks like one of the clients that I've been dealing with here is going to write a contract as well. It's looking like the two sales girls here will both bang out $150k+ years. Not bad for a "down" market eh? =P
With builders across the board there have been plenty of layoffs over the past 8 months though, our company included. To help combat the negative feelings of this, we all just got basically a $20,000/year raise (for commissioned salespeople...not me for another 2 or 3 months).
1) People have an unrealistic expectation of how much their house is worth, especially in a buyer's market.
2) Resales simply cannot compete with builders right now. Knowing the direct profit of our homes and land costs, I can tell you that our company for example generally has a lot more leeway with price reduction than a private seller.
The community that I'm now working in has been going strong for quite a while. Just last month they sold 8 houses, and they're slated to sell even more this month. It looks like one of the clients that I've been dealing with here is going to write a contract as well. It's looking like the two sales girls here will both bang out $150k+ years. Not bad for a "down" market eh? =P
With builders across the board there have been plenty of layoffs over the past 8 months though, our company included. To help combat the negative feelings of this, we all just got basically a $20,000/year raise (for commissioned salespeople...not me for another 2 or 3 months).
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks