Why does the builder incentive always hide the true price?
Is it possible that you are being bribed with your own money? It is the question that sits in the back of your throat, metallic and sharp, while you stand in a sun-drenched model home in Viera, Florida. You are afraid to ask it out loud because the alternative-that the person smiling at you across the mahogany desk is handing you a gift-wrapped box of nothing-is too cynical to bear.
But the question persists. You are looking at a house that doesn’t exist yet, a patch of dirt and a promise, and the sales representative has just slid a single, crisp sheet of paper across the table. It says, in bold, sans-serif type: “$15,000 in Closing Cost Credits if you use our Preferred Lender.”
The Gift-Wrapped Box of Nothing
You want to believe in the gift. You want to believe that in a world of rising interest rates and tightening margins, a massive corporation has decided to shave fifteen thousand dollars off its profit margin just because they like the way you look in that model kitchen.
But if you’ve lived long enough to have someone steal your parking spot right as you were backing into it-as happened to me this morning, a man in a white SUV who didn’t even have the decency to look sheepish-you know that most “gifts” are actually just strategic