Posts from September 8th, 2003
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8
EXCLUSIVE REPORTS: Homebuilders pony up with incentives for home buyers
Written by Kate Miller Morton
Memphis, Tenn. - From closing costs to interior upgrades to new appliances, homebuilders are increasingly contributing to the start-up costs of home buying.
Once the purview of volume builders only, bonuses have become an expected part of the bargaining for entry level home buyers and similar incentives are creeping into higher end homes.
Reeves-Williams LLC vice president Martha Fondren says the company's bonuses usually range between $8,500 and $10,000, depending on the location and price of the house. Bonuses can go as high as $15,000, which is now being offered in the nearly completed Cumberland subdivision where the company is anxious to finish construction and move on to the next project.
Fondren says the company has always offered special programs, but bonuses have become important in the last three or four years. She attributes their rise to the fall in the typical home buyer's sav...
8
Crye-Leike Acquires Leading Real Estate Office in Maumelle, Ark.
Little Rock, Ark. - One of Little Rock's leading real estate companies in Maumelle has joined Crye-Leike, Realtors, the nation's 10th largest real estate company.
The announcement was made by Chief Executive Officer Harold E. Crye, who obtained managing broker Mary Peyton to manage a Crye-Leike office in Maumelle, the company's 10th branch office in Arkansas and its fourth office in Pulaski County.
Crye says that this new Crye-Leike office in Maumelle is one of the key components to the company's strategy to establish market penetration in the entire Central Arkansas real estate market.
"Having an office in Maumelle will strengthen our presence in the markets of transferees and executives," says Crye.
Peyton became affiliated with the Century 21 franchise system in 1990. "When my franchise agreement came up for renewal, I didn't want to renew my real estate franchise with Century 21," says Peyton. "We were looking for an organizatio...
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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