Tools

Ask a Question
Start a Discussion
Close
Create an Email Alert

Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.

This alert is for the following:

Topic:
Buying new construction with a homebuilder's "trade ...

How often would you like the alert emailed?

Frequency:

Immediately Daily Weekly
Maximum 20 emails/day

Save

Cancel E-mail alerts
RSS
Send to del.icio.us
Send to StumbleUpon
Print page

Partner Tools

Views: 366
US
Tennessee
Nearby States
- Alabama
- Alaska
- American Samoa
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Guam
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Northern Mariana Islands
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virgin Islands
- Virginia
- Washington
- Washington D.C.
- West Virginia
- Wisconsin
- Wyoming
Don't see it?

Find:
Memphis
Nearby Cities
- Arlington
- Barretville
- Bartlett
- Benjestown
- Bolton
- Brunswick
- Bush Grove
- Collierville
- Crossroads
- Cuba
- East Acres
- East Memphis
- Fisherville
- Germantown
- Gildfield
- Giles Town
- Griffin Corner
- Island Forty
- Kerrville
- Lakeland
- Lenow
- Little John
- Locke
- Lucy
- Madge
- Millingtn
- Millington
- Mudville
- Naval Hospital
- North Memphis
- Northaven
- Oaklawn
- Pinch District
- Pisgah
- Prosperity
- Ramsey
- Rosemark
- Sloanville
- Spring Lake
- West Union
- Williams Chapel
- Woodstock
Don't see it?

Find:
Neighborhood
Nearby Neighborhoods
Don't see it?

Find:

Buying new construction with a homebuilder's "trade in" program

Contributions: 1

Q&A

:1

I am interested to know if anyone has input on buying a new home from a homebuilder where the builder will let you "trade in" your current home as several builders in the Memphis area are offering this. Also, if you've viewed the builder's available homes without an agent, is it too late to retain one?

Flag content

February 06 - Memphis

RSS

Answers (2)

James Wachob, "Wachob"
Contributions: 6

James Wachob, "Wachob"

Real Estate Agent

View my 6 listings

Contributions: 6

Q&A

:3
Disc

:1
Photos

:2

View full profile

I represent one of the most respected builders in town, Magnolia Homes, Inc. A "Trade In" situation needs to be a win - win. Good for Magnolia Homes, because we eliminate a home from our inventory and good for our client because they feel like they got a fair price and a seamless transition to their brand new home. Visit www.yourmagnoliahome.com to view our inventory.
As far as retaining an agent... Any reputable builder loves to work with buyer's agents. Over half of their sales are dependent upon buyers agents bringing their clients in. Just be sure to tell the builder up front that you are being represented by a Realtor.
I hope this helps,
James

Flag content

August 30

Melinda Schnur, "RealtorMLS"
Contributions: 34

Melinda Schnur, "RealtorMLS"

Real Estate Agent

View my 3 listings

Contributions: 34

Q&A

:8
Disc

:1
Photos

:25

View full profile

First, call the builder and tell them you are not comfortable moving forward without an agent and ask if they will acknowledge and compensate that agent.
Beware of home trade in offers and read the fine print. It is possible they will roll in any "negative equity" from your current home into the mortgage of the new one. If you have equity in the home, then make sure they are giving you a fair "trade in" value.

Flag content

February 07

Have a question? Ask it here.

Most Active Memphis Real Estate Agents

Josh Hisaw

49 listings

Local Expert
Annette Sharp

24 listings

Local Expert
Jennifer Carstensen

21 listings

Local Expert
Sheldon Rosengarten

20 listings

Local Expert
Rita Driver

19 listings

Local Expert

See more Memphis real estate agents

Question Buying new construction with a homebuilder's "trade in" program

Latest answer by James Wachob
August 30

In Buying Process
2 Answers - 366 Views

Question Should I postpone my closing tomorrow to see what happens with the 15k tax credit?

Latest answer by a_w_jr
February 11

In Buying Process
8 Answers - 471 Views

See More

Guide Real Estate Buyer's Closing Costs

In Buying Process
Edited August 27

Guide List of Closing Costs and Fees

In Buying Process
Edited August 27

Guide You've Opened Escrow

In Buying Process
Edited July 21

Guide Home Buying One Step at a Time

In Buying Process
Edited May 04

Guide A Buyer's Guide to Making the Right Choice

In Buying Process
Edited December 05 2008

See more articles about Buying Process

Current Mortgage Rates

Current Last Week

30 Year Fixed

15 Year Fixed

5/1 ARM

Get this widget

<div style="width:298px;height:123px;border:1px solid #adcfff;overflow:hidden;text-align:center;font-family:verdana,arial,sans-serif;font-size:8pt;line-height:13x;background-color:#eff3ff;letter-spacing:0;text-transform:none;">
		<div style="margin: 0 6px;">
			<div style="margin-top:6px;">
				<a href="http://www.zillow.com/Mortgage_Rates/#{scid=mor-wid-lthd}" target="_blank" style="font-size:9pt;color:#36b;text-decoration:none;font-weight:bold;">
				   
						Current
				   
				         
				   Mortgage Rates</a>
			</div>   
			
			<div style="color:#555;margin:5px 0 1px;">
				<span style="padding-left:137px;">Current</span>
				<span style="padding-left:23px;">Last Week</span>
			</div>

<div style="background:#fff;height:60px;width:284px;border:1px solid #adcfff;text-align:left;">
				<div style="width:146px;float:left;">
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt1}" target="_blank" style="text-decoration:underline;color:#36b;">30 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#eff7ff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/15_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt2}" target="_blank" style="text-decoration:underline;color:#36b;">15 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/5-1_ARM_Mortgage_Rates/#{scid=mor-wid-ltt3}" target="_blank" style="text-decoration:underline;color:#36b;">5/1 ARM</a></div>
					</div>
				</div>
					
				<iframe title="Current Mortgage Rates" frameborder="0" height="60" scrolling="no" width="138" src="/mortgage/MortgageRateTableWidget.htm?wide=1&region=102001">
						Your browser doesn't support frames.  Visit 
					<a href="http://www.zillow.com/mortgage/" target="_blank" style="text-decoration:none; font-size:9pt; font-weight:bold;">Zillow Mortgage Marketplace</a> 
					to see this content.
				</iframe>
				<div style="clear:both;"></div>
			</div>
			
			<div style="margin:4px 6px 0;height:15px;width:276px;">
				<a href="http://www.zillow.com/mortgage/#{scid=mor-wid-ltgr}" target="_blank" title="Zillow Mortgage Marketplace" style="display:block;margin-left:4px;height:15px;width:145px;float:left;"><img src="/static/images/zillow-mortgage-logo-small.gif" alt="Mortgages, Home Loans, and Mortgage Quotes at Zillow Mortgage Marketplace" style="border:none;"/></a>
				   
				<a href="http://www.zillow.com/webtools/widgets/MortgageRateWidget.htm#{scid=mor-wid-ltget}" target="_blank" style="font-size:7pt;color:gray;text-decoration:none;float:right;margin:1px 5px 0 0;width:80px;">Get this widget</a>
			</div>
		</div>
	</div>

Need a Mortgage?

Zillow Mortgage Marketplace

Competitive rates
Accurate, custom quotes
Thousands of lenders

... and, it's free and anonymous

Learn about Zillow Mortgage Marketplace

Zillow Poll:

Suggested by 80448044

If it were available, would you want 'insurance' to protect against market declines of your home?

Yes

No. It wouldn't be worth the cost.

Only if the Seller or Agent Paid for it.

No. My home would not go down in value.

Next poll
Suggest a poll

Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

All Results (16)

Zillow FAQs (0)

Home Buying (1)

Home Selling (1)

Mortgage (0)

Housing Market (0)

Local Topics (0)

Home Ownership (1)

Home Improvement (0)

Home Q&A (9)

Pro-to-Pro (1)

Other (3)

Tools

Create an Email Alert

This alert is for the following:

How often would you like the alert emailed?

Partner Tools

Buying new construction with a homebuilder's "trade in" program

Contributions: 1

Real Estate Agent

Contributions: 6

Real Estate Agent

Contributions: 34

Have a question? Ask it here.

Most Active Memphis Real Estate Agents

Related Questions

Question Buying new construction with a homebuilder's "trade in" program

Question Should I postpone my closing tomorrow to see what happens with the 15k tax credit?

Related Articles about Buying Process

Guide Real Estate Buyer's Closing Costs

Guide List of Closing Costs and Fees

Guide You've Opened Escrow

Guide Home Buying One Step at a Time

Guide A Buyer's Guide to Making the Right Choice

Need a Mortgage?

Get instant mortgage quotes

Be A Good Neighbor

Tools

Create an Email Alert

This alert is for the following:

How often would you like the alert emailed?

Partner Tools

Nearby States

Nearby Cities

Nearby Neighborhoods

Buying new construction with a homebuilder's "trade in" program

Contributions: 1

Main Image

Answers (2)

Real Estate Agent

Contributions: 6

Real Estate Agent

Contributions: 34

Have a question? Ask it here.

Most Active Memphis Real Estate Agents

Related Questions

Question Buying new construction with a homebuilder's "trade in" program

Question Should I postpone my closing tomorrow to see what happens with the 15k tax credit?

Related Articles about Buying Process

Guide Real Estate Buyer's Closing Costs

Guide List of Closing Costs and Fees

Guide You've Opened Escrow

Guide Home Buying One Step at a Time

Guide A Buyer's Guide to Making the Right Choice

Need a Mortgage?

Get instant mortgage quotes

Be A Good Neighbor