What's the best way to sell a house in this tough market? In one neighborhood in a Denver suburb, the builder is including a free Prius. The homes also include the "Built Green" designation. Patio Homes by Boulder Creek at Erie Village: : HomeSales : Boulder Daily Camera
That's a pretty creative way to sell a home, I must say. Package or no package it is a good deal to me. I bet the new owner still has to pay the sales tax on the car, just like when you win a car on a sweepstakes.
Who in their right mind wants their car amortized into a 20 or 30 year loan. That'd bring your Prius' price (presuming you kept the car & house that long) up to over $75,000 by the time all is said & done ... and if you sell it (without putting that cash back into 'principal' of the loan) before the loan pay-off, you're still paying for a car that may have long ago been recycled into another car. Some areas of San diego are requiring builders (residential & commercial) to install photo electric panels into the home ... which would sure be great if every municipality required that. We could literally stop the need for most new power plants that way.
that's kind of what i was thinking. nothing's free- i'm sure the car's purchase price is somehow rolled into the mortgage. personally, i'd rather they give me ~$25000 off the price of the home... :tape2:
I'm sure it's built into the price, but as Danny quoted in his post, it's a free two-year lease of a Prius, not a free Prius. If I were considering moving to a suburb of Denver, this place sounds like it'd be worth checking out. Mixed population, relatively affordable (prices start in the low $200,000 range), right sized 'cottages' (not McMansions), energy efficient, etc.
Being a real estate broker, you have to be VERY careful about the "incentives" that are offered on the sale of the home. some can offer FREE TRIPS TO HAWAII some can offer some other free incentives a brand new toyota prius????? maybe. as some of you think that the prius would be amortized over 30 years, OK, i see your point, but i think the owner (seller) of the property should pay for the entire purchase, a roundabout 30,000 incentive. Now, some of you say, I would rather take the price reduction..............OK again, but why not make an offer on the property AND call their incentive on a new prius?????????????????? why not??? the seller can do anything they want to do with their money, especially when the house has lots of equity, or better yet, paid OFF!!!! ever think about that? I recently reduced the price on a property that i had listed from $538,000 to $499,000...............that would have covered the cost of a fully loaded prius, BRAND NEW............without paying 30 years for it.............. it's marketing..........it's also the sellers choice.
That's right. The buyer can choose to counter-offer a lower price or a reduction in price equal to the value of a two year lease.
It is indeed very imaginative, all playing into the green motif, and we all like to feel that we're getting something "free." Who doesn't love getting the "free prize" in a box of Crackerjack? I'd negotiate the best price I could, and then ask for a further reduction instead of the "free" Prius lease. Because, as Hill points out you'd be paying for that lease over the 20 or 30 years of the mortgage. Hill asks who in their right mind would do that? Answer: the 95% of Americans who are innumerate, or just so gullible that they really think the car is free!
