Tuesday, May 20, 2008

Special Incentives on New Construction in Long Beach Won't Last

Finding new Long Beach real estate is certainly possible. New Long Beach condos are being developed with the majority of them being in Downtown Long Beach. With builders aggressively lowering prices and offering incentives on loans (and more) now has been one of the best times ever to take a look at some of the new developments.

What are some of the incentives?

  • Paid HOA Dues - Some of the builders are paying HOA dues for up to 2 years. With HOA prices ranging from $330-$500+ this can be a huge savings! Sure is nice to put $500 more bucks in your own account over the next two years.
  • Upgrades - In order to showcase what is possible in different models builders have put some flooring upgrades in different units. Find the one that already has the upgraded flooring and you just may get it for nothing extra :).
  • Loan Incentives - If you could get a loan that was over 1% lower than anything out there and fixed for 30 years, would that help? The builders thought so too! They have been offering incentives on financing like 4.8% fixed for 30 years. That makes for 30 years of savings.

How to you find the deals?

Many people think it is easiest to just drive around and speak to each developer. The problem there is you just don't know what you are walking in to (what's available, what incentives, etc). Talk to your local Long Beach Realtor to get the information on the developments. Luckily you get representation for FREE and with your own buyer agent and you can get the inside scoop on all of the developers.

Here are just a couple of the latest new developments, but we put more together on our website so you can see the latest new condos in Long Beach.

  1. blu - A new development in downtown Long Beach near the CityPlace mall. With close proximity to the blue line it provides for an easy commute and large floor plans.
  2. Pacifica - This new development was built by Lennar and is truly in the heart of Downtown on the Promenade. With models available from 1 bedrooms to Townhomes there is something for everyone.
Have fun exploring what is available and take advantage of the incentives before the developers change their minds! When you go to these developments we would love to hear your feedback on them so please post your comments.

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