Get the free guide: Builder Incentive Comparison Checklist
Compare a price cut, a rate buydown, and closing cost help side by side.
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Builder incentives usually come in three flavors: a price cut, a rate buydown, or help with closing costs.
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Short on cash? Closing cost help might matter most. Planning to stay a long time? A buydown could pay off big.
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There's no wrong answer, unless it's pineapple. Kidding. Mostly. (The right pick depends on you and the offer.)
Read the transcript
The lowest price isn't always the best deal on a new build. Sometimes it's the worst one.
Travis here. Builders often offer incentives, and they usually come in three flavors. One, a price cut. That lowers what you borrow and what you owe. Two, a rate buydown. That lowers your interest rate, so your monthly payment drops, and in many cases it drops more than a price cut would. Three, help with closing costs, which means less cash out of your pocket on day one.
So which one wins? It depends on you. Short on cash? Closing cost help might matter most. Planning to stay a long time? A buydown could pay off big. It's like picking a pizza topping. There's no wrong answer, unless it's pineapple. Kidding. Mostly.
Reply with the word DEALS, and I'll send you the builder incentives I'm seeing in the Lawton area right now, and help you figure out which one fits you best.
Rather just talk? Text me at (580) 647-0915
Travis Wright with eXp Realty
I help buyers in Lawton, Elgin, and the surrounding area compare new builds and resale homes with straight answers and zero pressure. Ask me anything. Seriously, I like questions.
OK License #206164 · 1146 NW Cache Rd, Lawton, OK 73507 · (580) 647-0915
Frequently Asked Questions
What kinds of incentives do builders offer?
Usually a price cut, a rate buydown, or help with closing costs.
Is a price cut or a rate buydown better?
It depends on you and the offer. A buydown lowers your monthly payment; a price cut lowers what you borrow; closing cost help lowers your cash at closing. A local lender I trust, no strings, can run the real numbers.
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