OCRegister: “Real Estate News: New Ventures

August 3rd, 2018

Irvine-based Brandywine Homes has broken ground at Candlewood Villas, a 53-townhome community on nearly 4 acres at 13900 Telegraph Road in Whittier. The project is scheduled to open for sale by March 2019. (Courtesy of Brandywine Homes)

Irvine-based Brandywine Homes has broken ground at Candlewood Villas, a 53-townhome community on nearly 4 acres at 13900 Telegraph Road in Whittier. The project is scheduled to open for sale by March 2019. Candlewood Villas are next to the Candlewood Country Club, a private, member-owned community with a golf course that will be offering new Candlewood Villas homeowners a one-year free social membership to the country club. The two- and three-story townhomes, ranging from 1,300 to 1,800 square feet, will have three bedrooms and two and a half baths.

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OC Register: “Real estate news: 17 new townhomes for sale in Buena Park”

May 6th, 2018

By Staff report |
PUBLISHED: May 6, 2018 at 7:30 am | UPDATED: May 6, 2018 at 8:45 am

Brandwine will debut Corsica, a 1.6-acre townhome community Saturday, May 5 in Buena Park. House hunters can tour the models from 10 a.m. to 6 p.m. at 8572 Stanton Ave. The community of three- and four-bedroom, Spanish-style townhouses run from 1,868 to 2,140 square feet. Homes include tankless water heaters, recessed lighting, double-strength glass windows, modern communication and networking systems and two-car garages. (Courtesy of Brandywine Homes)

New homes

Brandywine will debut Corsica, a 1.6-acre, 17-townhome community Saturday, May 5 in Buena Park. House hunters can tour the models from 10 a.m. to 6 p.m. at 8572 Stanton Ave. The community of three- and four-bedroom, Spanish-style townhouses run from 1,868 to 2,140 square feet. Homes include tankless water heaters, recessed lighting, double-strength glass windows, modern communication and networking systems and two-car garages. Prices will range from $610,500 to $696,500

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OCRegister.com: “Anaheim fire recruits get real-life experience using vacant buildings set for demolition”

April 16th, 2018

By Jeff Gritchen | jgritchen@scng.com | Orange County Register

PUBLISHED: April 16, 2018 at 6:15 pm | UPDATED: April 16, 2018 at 9:29 pm

Anaheim fire recruits go through three simulations on separate vacant buildings on Lincoln Avenue in Anaheim on Monday, Apr 16, 2018. (Photo by Jeff Gritchen, Orange County Register/SCNG)

Anaheim fire recruits got some real-world experience attacking a simulated blaze in three vacant buildings along Lincoln Avenue on Monday.

The 16 recruits with the city’s 2018 class do most of their training at the North Net Training Center near Angel Stadium. Developer Brandywine Homes offered the vacant buildings that will soon be torn down.

Training on location let the recruits “get real-life experience in a real building they’ve never seen before, which is the reality of what we do as firefighters” Capt. Matthew Gordon said. Most of the first four weeks of the academy, he said, involved learning the basics.

The vacant buildings – a wig shop, an office building and a church – sit on 1.29 acres of land that’s slated to become a gated community with 22 three-story townhomes. Construction, set to begin in May, is expected to be finished by January.

The church and office building were flooded with fog from a machine as the recruits practiced attacking a fire. They practiced vertical ventilating by cutting holes in the roof off the wig shop.

Alex Hernandez, president of Brandywine Homes’ homebuilding division, said the Fire Department approached the company asking to do some exercises while they are waiting for their permits.

“The city always helps us out” Hernandez said. ”We are gonna help them out whenever we can.”

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SoCal Real Estate: “New Townhome Gated Community Coming to Anaheim”

April 2nd, 2018

Site plan for Brandywine Homes’ Treviso community. | Courtesy Brandywine Homes

By Carrie Rossenfeld Residential & Mixed Use

Irvine, California–based homebuilder Brandywine Homes has acquired 1.29 acres in Southwest Anaheim, California, on which it plans to build Treviso, a gated community offering 22 three-story townhomes. Brandywine expects to break ground on the new neighborhood in May 2018, begin model construction in September 2018, and open for sale in January 2019.

Located at 3315 Lincoln Avenue, Treviso will feature 1,593- to 2,313-square-foot Spanish-style townhomes. The homes will include energy-efficient tankless water heaters, recessed lighting, double-strength glass windows, and state-of-the-art communication and networking systems. Master suites will come with walk-in closets, while gourmet kitchens will include granite countertops, stainless-steel appliances and maple cabinetry. Some units will have private yards, and the community will include a pocket park.

“As home sales, housing prices, and rents in Southern California continue to hit record highs, demand for quality entry-level and move-up homes is through the roof,” says Dave Barisic, principal in charge of sales and marketing for Brandywine Homes, which has made a name for itself as a pioneer of infill development in Southern California. “We’re pleased to relieve some pressure and look forward to moving families into these stunning new homes at Treviso.”

According to the National Association of Home Builders’ formula to determine the local impact of single-family housing in typical metro areas, adding 22 townhomes will generate $6.3 million in local income, $792,000 in taxes and other revenue for local governments, and 87 local jobs, Brandywine reports.

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OCRegister.com: “Real Estate Briefly: On the Move”

March 5th, 2018

By Staff report |
March 4, 2018 at 7:00 am

On the move

Mary Golding and Casey Lesher have joined the Newport Beach office of Coldwell Banker Residential Brokerage as affiliate agents. Golding comes to the office with more than 20 years of real estate experience. Lesher comes to the office with more than eight years of real estate experience.

Brandywine Homes in Irvine has hired Angela Meyer as vice president of development and Deborah Cramp as its offsite purchasing manager. Meyer was recently the director of forward-planning and a project manager for Taylor Morrison in Irvine from 2012 until 2017. Before that, she was an independent project manager serving clients including Jones Planning Consultants and Perry Communities. Cramp most recently served as the regional purchasing agent for Cal Atlantic Homes/Standard Pacific Homes in Irvine from 2013 to 2018. Read More >

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Builder: “Brandywine Homes Adds Two to Management Team”

February 23rd, 2018

February 23, 2018

Home building vets Angela Meyer and Deborah Cramp join the crew.

Brandywine Homes has hired Angela Meyer as vice president of development and Deborah Cramp as offsite purchasing manager, both to be based in the firm’s Irvine, Calif. office.

“These talented new hires bring deep experience and will round out our team so we can continue to exceed home buyers’ expectations,” said Dave Barisic, principal in charge of sales and marketing for Brandywine Homes, a pioneer of infill development in Southern California.

A Brandywine Homes site in La Puente.

Bren Schader: A Brandywine Homes site in La Puente.

An industry veteran, Meyer was recently the director of forward planning and a project manager for Taylor Morrison in Irvine from 2012 until 2017. Before that, she was an independent project manager serving clients including Jones Planning Consultants and Perry Communities. Meyer was a land planning specialist and vice president of land planning for K. Hovnanian Companies in Ontario, Calif., from 2004 to 2010 and also worked for the Sevens County Assessor Office and Cunningham Engineers in Colville, Wash.; Hunsaker & Associates in Irvine and San Bernardino, Calif.; Shea Homes in Laguna Niguel, Calif.; Mission Viejo Co./Jack G. Raub in Mission Viejo, Calif.; and Nelson & Belding Contracting Company in Gardena, Calif.

With more than 13 years of purchasing in the home building industry, Cramp most recently served as regional purchasing agent for Cal Atlantic Homes/Standard Pacific Homes in Irvine from 2013 to 2018. She also served as forward planning coordinator, customer care coordinator and contract administrator for Meritage Homes in Corona and Irvine from 2007 to 2013 and options coordinator for Beazer Homes in Brea and Orange, Calif., from 2004 to 2007.

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GlobeSt.com: “How Home Buyers’ Expectations Change When Affordability Dips”

February 8th, 2018

How Home Buyers’ Expectations Change When Affordability Dips

As prices rise and interest rates creep up, buyers shift from size to convenience, eyeing townhomes and transit-oriented developments, Brandywine Homes’ Dave Barisic tells GlobeSt.com.

Dave Barisic

Barisic: “We’re not so much looking for a piece of land but looking for someone who can help provide us with land going forward.”

IRVINE, CA—As prices rise and interest rates creep up, home buyers shift from size to convenience, eyeing townhomes and transit-oriented developments, Brandywine Homes’ principal in charge of sales and marketing Dave Barisic tells GlobeSt.com. The homebuilder, which focuses on infill residential development in Southern California, closed 111 homes, opened three new communities and broke ground on three new communities in Southern California in 2017 and plans to increase its number of delivered homes by over 50% and open four new communities throughout Orange and Los Angeles counties in 2018.

We spoke with Barisic about some of the challenges the residential-development market is facing, particularly in Orange County, and what home buyers are seeking today.

GlobeSt.com: What are some of the challenges in the residential-development market?

Barisic: Currently, the challenges we see most often are that construction costs are rising and the labor market seems to be shrinking, so you’re combining higher cost with fewer people who can build the homes. That’s been the biggest challenge in the last three or four years. Going forward, everyone is expecting interest rates to rise a little, and in an area where prices are already high, this could cause a problem.

GlobeSt.com: Is it difficult to find land available for development in OC?

Barisic: Lack of land is another challenge, especially when you have 30 different builders going for the same piece of land—it’s a continual challenge. There are a couple of different things we try to do to combat this.

First, we cultivate relationships with brokers and cities. We used to do this with the RDAs before they were taken away by the state. We’re really relationship builders, so we’re not so much looking for a piece of land but looking for someone who can help provide us with land going forward. So, we work with cities and brokers who can help us with land deals.

Second, we like to think outside of the box when looking for land on which to potentially build. There’s not a lot of vacant land left in Orange County, so we have to look at uses that are currently not doing well—misused shopping centers or abandoned commercial buildings—and think, “How could we redesign this in a way that would benefit the community, the neighborhood and the city?” We frequently have to look at it that way.

GlobeSt.com: What are homebuyers seeking when they are looking for a home in Orange County? Has this changed over the years?

Barisic: What people are seeking in Orange County changes depending on the cycle of the market, but on a basic level, it’s the same: great weather, beautiful communities, good schools. But from a housing standpoint, what people eye changes every few years depending on where we are in the cycle. When we were just out of the recession in 2011, people with good jobs and incomes wanted bigger-size lots and homes and more land; now, as prices and interest rates have risen, people still want the basics of what Southern California can offer, but they want something more affordable: attached townhomes or transit-oriented designs where they don’t have to drive an hour and a half to work. As things become less affordable, people look for more convenience.

GlobeSt.com: What else should our readers know about our plans to complete 200 homes in Orange County in 2018?

Barisic: We’re on track—as long as we can get our guys to show up, since there’s a shortage of labor. We lost a lot of labor in the last recession since people went on to other industries. As long as everyone is on the same page, we’re all set for delivering 200 homes in Orange County this year—and maybe more.


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OC Register: “15 luxury homes come to market in Yorba Linda”

January 16th, 2018

Front of one of 15 homes offered by Brandywine Homes at its Newbury community in Yorba Linda. (Courtesy: Brandywine Homes)

In an era where builders cram homes into small spaces, even at higher pricier levels, Brandywine Homes has begun the sales of 15 luxury homes in Yorba Linda on a fairly generous 8.4-acre site.

The Newbury community off Highland Avenue is situated on an old single-home compound that was bought and subdivided. The project contains two-story homes with 4,593 to 5,175 square feet; five or six bedrooms; six bathrooms and four-car garages. Prices start from the high $1 millions.

“We’re excited to have homebuyers experience this beautiful, tranquil and ideally located new community,” said Dave Barisic, of Brandywine.

Yorba Linda fit the typical Orange County housing patterns: Prices are up with little improvement in availability for homes to buy.

In Yorba Linda’s 92886 ZIP code, where Newbury is located, the median selling price in the 22 business days ended Dec. 14 was $810,000, up 11 percent in a year, according to CoreLogic. Sales totaled 71 in the period, up 9 percent in a year.

Supply of existing homes to buy is proportionally flat. As of Jan. 11, Yorba Linda had 148 homes listed for sale citywide and 43 in escrow, according to Reports On Housing. That translates to a “market-time” selling speed of 103 days vs. 101 a year ago.

Bedroom in one of 15 homes offered by Brandywine Homes at its Newbury community in Yorba Linda. (Courtesy: Brandywine Homes)

Dining area in one of 15 homes offered by Brandywine Homes at its Newbury community in Yorba Linda. (Courtesy: Brandywine Homes)

Living room in one of 15 homes offered by Brandywine Homes at its Newbury community in Yorba Linda. (Courtesy: Brandywine Homes)

Front of one of 15 homes offered by Brandywine Homes at its Newbury community in Yorba Linda. (Courtesy: Brandywine Homes)














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Builder Magazine: “How U.S. Home Builders Can Attract Global Buyers”

January 3rd, 2018

January 03, 2018

Six tips and tricks for understanding foreign buyer segments, meeting their needs, and ultimately making the sale



In 2007, California-based builder MBK Homes was building a community of three-story live/work townhomes in Gardena, Calif. When it came time to devise the project’s name and vision, Rick Fletcher, MBK vice president of operations, suggested the name “Four Gardens” after the four parks incorporated into the community plan.

Not long after, the builder’s market research found that the community had a high chance of attracting Asian buyers. MBK executives believed that this buyer type would respond well to communities designed in accordance with feng shui design principles and culturally auspicious numerical choices. The firm conducted weeks of research into feng shui and numerology in order to determine how to appeal to this group, and discovered that the number four signifies death in Chinese culture. “This [name] would have been a huge marketing flaw had we not understood our potential customers’ beliefs,” says Fletcher. “We went on to educate ourselves on what each number or combination of numbers means in the Chinese culture and arranged our street addresses to exclude the number four and lean toward numbers seven and eight, which are favorable and believed to represent good fortune.”

The company named the community after its street address, 1600 at Artesia Square, and went on to develop two other successful and well-received neighborhoods in the area, including 1500 Artesia Square next door. The number 1 signifies new beginnings in Chinese numerology, Fletcher says, while the number 5 represents resourcefulness and 6 represents calm.

Depending on where you build, you may also find that a certain portion of your buyer demographic is from outside the United States. They might be recent immigrants, prospective residents, vacation-home seekers, or overseas real estate investors. According to a recent National Association of Realtors (NAR) report, foreign buyers purchased more than 284,455 U.S. residential properties for a total dollar volume of $153 billion from April 2016 to March 2017. Florida properties account for 22% of residential purchases by foreign buyers, followed by California and Texas at 12% each. Taken together, these three states account for almost half of all foreign residential property purchases.

While it’s not surprising that builders on the coasts are welcoming international buyers, communities in the middle of the country have large populations of non-native residents as well, including Indianapolis; Columbus, Ohio; and Minneapolis. And as the middle class grows in countries such as China and India, more non-native buyers will enter the U.S. housing market.

In fact, for builders everywhere, the days of a homogeneous buyer pool are over, according to Michael Landers, founder and president of San Francisco-area consulting firm Culture Crossing. “Even in a place like the University of Iowa, the number of bubble tea restaurants outnumbers Starbucks three to one, due to the large influx of Asian students,” he said.

The NAR report backs this up. Chinese property buyers contributed the vast majority of the nation’s foreign residential purchase volume from 2016-2017 at $31.7 billion, or 14%. Buyers from Canada came in second at $19 billion, followed by the United Kingdom ($9.5 billion), Mexico ($9.3 billion) and India ($7.8 billion.) The study notes that the majority of Canadian and United Kingdom buyers are full-time residents of their home countries and do not intend to live in their U.S. properties, while the majority of Chinese, Indian, and Mexican home buyers are residents of the U.S. and plan to live in the homes they buy.

In this environment, American builders may run the risk of entering the design and marketing process with certain hard-wired cultural expectations for their buyers. They may find that they have a uniquely American idea of what a prospective buyer will prefer in their home, how they will behave in a meeting or model home tour, or about what will draw them into a sale.

At the same time, foreign home buyers have certain expectations about what a home should be, and the services and etiquette they expect to receive in a sales transaction. These expectations may not translate from one party to another if they are not shared or recognized—and may even cause strife if they’re not interpreted correctly.

A number of U.S.-based builders have successfully risen to these cultural challenges. They’ve taken advantage of multi-cultural consultants, market research, and one-on-one interaction to form a deep understanding of their customers, both American and foreign-born. Many of them have upward of 20% or even 50% shares of foreign nationals in their buyer base—and they’re well-equipped to keep those numbers high. Here are six strategies they use to welcome and sell to foreign buyers:

1. Accept Cultural Differences

One of the most common complaints that Landers hears from American sales staff is that foreign prospective home buyers often do not close the front door of a model home behind them when they enter. For a variety of reasons, he explains, some customers are not accustomed to closing the door when they enter a home, which an American salesperson may misinterpret as disrespect.

Landers refers to these types of situations as “culture crashes.” They occur when two sets of cultural intentions meet, but do not match. Often, one party or another may not realize that a culture crash is occurring. Instead, they judge the other party by the “benchmark” of their own cultural standards, and may jump to the conclusion that the other party is disrespecting them or being unhelpful, he says.

“When you’re intending to be something and people don’t see you the way you’re intending, we always put that on the other,” says Landers, whose firm specializes in consulting solutions for multicultural contexts and has counseled executives of multinational companies including Apple, Google, and Samsung. “So one of the things that we talk about in our workshops and in a lot of our consulting is, if people are pushing your buttons you need to be aware that they’re your buttons.”

In the case of the front door, Landers advises his home builder clients to give their customers a warm greeting as they enter, and to shut the door behind them. He points out that many non-American buyers will view a model home more as a real personal residence than as a sales office, and would prefer to be welcomed at the door.

2. Discover Your Demographic

Many home builders with large foreign buyer bases—including MBK Homes, whose buyers are 50% foreign—report that areas with an existing concentration of a certain foreign population will often attract more members of that population.

“Our communities in the Los Angeles South Bay Area are very attractive to a culturally diverse demographic,” says Fletcher. “In Gardena, our buyers are 90% Asian. In Anaheim, we attract over 90% Vietnamese customers; however, in the South County area of Orange County, our demographic mix is very different. When we built in Eastvale in the Inland Empire, our buyers were primarily Chinese foreign nationals and second generation who were buying with or for their parents.”

Before sales begin, builders should leverage market research to determine the relative demographic makeup of their prospective buyers. Recent migration data from sources such as the Census Bureau can offer insight into who’s buying and looking to buy in the area, as well as the types of homes that buyers are looking for. With this information in hand, builders can adjust their product, their strategy, or their thinking with an eye toward a likely buyer, whether that buyer is a foreign national or from a different part of the United States.

“We can see migration patterns in infill areas such as the San Gabriel Valley, the San Fernando Valley, and even parts of the Inland Empire,” says Tom Grable, division president at TRI Pointe Homes Southern California, whose buyers are 22% foreign nationals. “We can anticipate who that’s going to be and understand in advance who our likely buyer profile is. And then we design product and create features that are geared toward what that buyer profile is likely to either require or request.”

Click here to learn more about home design considerations for certain foreign buyer segments.

3. Understand Your Audience

Once you discover the cultural makeup of your buyers, the best way to learn how to sell to them is to learn more about their culture and its impact on how they think and interact with the world.

Some of the most common culture crashes stem from the disconnect between broad modes of thinking. For instance, according to Landers, native born U.S. residents and especially the American home building industry tend to be extremely task-oriented. This means that the American home buying process is very focused on accomplishing a task, with the end goal of selling a home to an individual or a couple. Home buyers from similarly task-oriented backgrounds will be familiar with this approach, but buyers from backgrounds that impart a relationship-oriented mode of problem solving may come away from the American home buying process frustrated, or even offended.

“People who are more relationship-oriented might feel that you’re not trustworthy because all you’re trying to do is get me through this task,” Landers says. “You don’t care about me, you don’t care about my family, you’re not spending time to talk and learn about me and my family, all your questions are about how you can sell the home to me, or tasks related to the home.”

Landers urges builders to personalize the home buying process, something that buyers of all backgrounds appreciate. “You need to see me as a person, understand my family, take some time there,” he says. “Those would be the things that I look at when we see more relationship-oriented cultures.”

Landers and his staff have compiled their knowledge of more than 180 cultures into the online Culture Crossing Guide, available at guide.culturecrossing.net. This digital tool allows business leaders to examine the particulars of world cultures—including American culture—and to utilize that knowledge in their business decisions.

While this website is meant to be used as a guidance tool, Landers cautions against the notion that a foreign buyer will behave in a certain way simply because they are from a certain country, or because they are from outside the United States. “Don’t assume just because someone’s coming from that country they’re going to do what the guide says. There are obviously lots of generalizations. But we recommend people being aware of something rather than nothing,” Landers says.

4. Speak Your Buyers’ Language

Knowing how to reach your prospective audience is the first and most important step toward grabbing its interest. Brandywine Homes and TRI Pointe Homes Southern California often spread the word about their housing developments to their core foreign demographics by advertising in publications in their native language. These include foreign-language print publications based in the U.S., such as the Chinese reader-oriented Epoch Times, or advertisements on foreign-language radio stations.

Some builders work with companies that serve as international contacts for overseas real estate brokers such as Coldwell Banker’s Global Luxury International service, according to Dave Barisic, principal in charge of sales and marketing at Brandywine Homes, which has 15% to 20% foreign buyers. “There are certain companies that will organize groups of people coming from, say, mainland China, bring them to Los Angeles, and drive them around to various communities so that they can look for investment properties,” Barisic says. “We’ve spoken with those companies but have not utilized any yet.”

When these advertising efforts lead to successful sales, they also grow one of the strongest sources of new foreign clients—word of mouth and direct referrals. Among respondents to the NAR survey, previous client contacts and referrals accounted for 47% of sales leads for residential foreign buyers, showing that keeping foreign buyers happy can reap exponential benefits going forward.

5. Assemble Knowledgeable Staff

Once you have the information you need about the buyers you intend to attract, you must make sure that your sales staff is properly trained to avoid the possibility of culture crashes.

Some problems can be caused with something as simple as the wrong facial expression. “A lot of salespeople get frustrated because they feel like their customers don’t trust them,” says Landers. “And that can be something as simple as the fact that the customer doesn’t smile a lot.”

When sales staff assume that a customer will smile if they are satisfied, they may feel confused or affronted if that indirect communication is not made. Some buyers come from a culture where direct, truthful communication is the most acceptable and comfortable, and the impact of a smile may not be as important. Others prefer indirect communication, which relies on the construction of relationships and nonverbal cues. Direct communicators may view indirect communicators as frustrating and tiresome, while indirect communicators may see direct communicators as harsh and aggressive.

This crash may lead to a breakdown in negotiations, Landers says. “[Different] negotiation styles cause Americans a lot of stress, because [foreign buyers’] negotiation styles might be more emotional, they might be more assertive, and the Americans might see those as aggressive.”

Other builders will seek out sales and marketing staff who are members of their group or have strong cultural connections to them. “[TRI Pointe’s] new-home advisers are very familiar with each submarket, they’re very familiar with each demographic, with their likes and dislikes, their needs relative to their values or customs,” says Grable. “So a lot of the training that goes on has been done over years of experience.”

MBK Homes continually works to broaden the horizons of a sales force that is already culturally diverse and multilingual. “We’ve attended cultural communication conferences, visited various temples and retail centers in Los Angeles, Little Saigon, and the San Gabriel Valley, and met with hundreds of brokers to better understand how different cultures conduct business and specifically the purchasing process,” says Rick Fletcher. “At any given time, our team is fluent in Mandarin, Korean, Farsi, Spanish, Tagalog, Japanese, and Thai. When your team can converse in your buyer’s native language, the cultural barriers come down.”

Another way to increase cultural awareness is through specialized cultural training from an expert. Landers expanded his cross-cultural consultancy into home building four years ago, and in that time has shared his expertise with TRI Pointe, M/I Homes, Lennar, CalAtlantic (then Ryland and Standard Pacific), and more.

6. Build the Best Home

In the end, whether your prospective buyer is from the other side of the world, the other side of the country, or the other side of the neighborhood, the end goal of a new-home sale remains the same—to match the buyer with a well-built home that meets their desires and expectations.

“All builders should be willing to understand the needs of every buyer,” says Barisic. “Whether it’s a foreign national buyer or a local move-down buyer, you need to understand what every buyer’s looking for, and advertise appropriately and staff appropriately.”

If you and your home buyer share a culture, anticipating these desires and expectations is an innate process. You likely share a similar definition of what a home should be, and expect some of the same home features and sales processes when you walk into a new-home sales center.

A buyer with a different set of expectations is still looking for what they consider the right home in which to live or invest, and meeting those expectations is as easy as adjusting the way you perceive the world. The best way to reach this buyer is to consider—and create—the living space and sales environment closest to their idea of home.

“Strive to achieve an expert understanding of your culturally diverse customers,” says Fletcher. “Build relationships within the relevant cultural communities and create trust. Always remember we have an obligation to build the right communities within our markets. The neighborhoods we create belong to our customers and their families, not us.”




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OCRegister: “17 townhomes coming to Buena Park near Knott’s Berry Farm”

October 24th, 2017

Would you want to live within walking distance of Knott’s Berry Farm?

Buena Park will get 17 new townhomes built by Brandywine Homes at 8572 Stanton Ave., not far from the theme park. Sales should begin in January.

The Corsica community will hold two-story townhomes, sized from 1,868-to-2,140 square feet, with three or four bedrooms and two-car garages. Prices are expected to start “in the mid-$600,000s.”

When ReportsOnHousing looked at existing homes for sale countywide as of Oct. 19 in the $500,000-to-$750,000 range, there were 1,342 residences listed selling at an estimated pace of 47 days.

Here are five things to know, according to ReportsOnHousing, about the Buena Park housing market as of Oct. 19 …

1. 68 existing homes for sale with a $667,481 average listing price, ranking the price No. 37 out of 46 local markets tracked.

2. In the previous 30 days, 42 homes went into escrow.

3. The market time a seller could expect, based on current listing and buying trends, is 49 days, No. 31 out of 46 countywide.

4. A year ago, market time was 69 days and 79 days two years ago.

5. The Buena Park market is selling faster and cheaper than Orange County overall. Countywide market time was 65 days vs. 77 a year ago and 84 two years ago. Orange County’s average list price? $1.69 million.


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