Sign of the Times: Buy One Home Get One Free


Deal of the Century?
I guess home builders have decided enough is enough. In a sign of the times, the Los Angeles Times is reporting that Michael Crews Development out of San Diego is offering a buy-one-get-one free deal on homes that they have developed in Escondido.

The company came up with this idea as a way to help move inventory:

Michael Crews Development is offering new, 2000-square foot cityscape row-homes worth $400,000 in Escondido for free — if you buy one Royal View Estate home in San Pasqual Valley starting at $1.6 million. ‘You know it’s a straight-up legit deal; no prices have been increased, there are no hidden costs. Michael is just giving away a free home for people that buy at Royal View,’ said Berry.”

First came the free big screen TVs. Now, buyers can get a free house of lesser value with the purchase of a home.

What’s next?

Any theories?

About Author

Joshua Dorkin

Joshua Dorkin (@jrdorkin, Google+) founded when he saw a need for free, trustworthy information about real estate investing online. Over the past 12 years, Josh has grown the site from self-funded hobby to full-time job and passion. Today, BiggerPockets brings together over 600,000 members, housing the world’s largest library of real estate content, iTunes’ #1 real estate podcast, and an array of analysis tools, all geared toward helping users succeed.


  1. Yeah I am sure they didn’t up the price but is that house really worth $1.6mil.

    Prices don’t change in $1.6 house a thousand dollars at a time. It is not uncommon for house to drop $100,000-$300,000 at a time to move it.

  2. I suppose that “the bank” will take the property away and they are going to loose anyways, so why not score points with the purchaser? Now where did I leave that $1.6m laying around…

  3. It’s not a bad deal, many commercial developers build in some type of incentive to sell the real estate faster and still make a profit. They just have to make sure they can payoff the debt on the development and make sure it does’t put the client in a debt crisis, and this deal can work. If I got that deal, I would lease or rent the extra property and use that money to pay off the financing on the first original purchased property.


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