Home Buying Tips
How To Buy a New Construction Home: Tips and Reminders
The difference between buying a new construction home to that of buying a typical home is that you will be getting it from the individual or company that built it, which means that no other person has lived in it previously. One of the most obvious reasons why you would want to purchase a new construction home is that you'll be the first one to enjoy the perks of a property with everything new in it. For one, you no longer will have to worry too much on conducting a comprehensive home inspection aimed at figuring out if there are major damages and deterioration.
But just like buying any kind of property or home, you need to go through a rigorous process to make sure you won't regret your decision later.
1 - First things first, you need to find and work with an experienced and reliable real estate agent.
While finding a good realtor, you should take extra caution because you might end up hiring someone who actually is employed or connected to some way with the builder of the home you plan on buying. The reason why you want to hire an independent buyer's agent is because you want nothing but for the agent to represent your interests. For more details about real estate, visit http://www.ehow.com/how_4424632_make-money-real-estate.html.
2 - Learn the art of negotiations.
The downside of negotiating with builders of new homes is that unlike homeowner-seller themselves, they really aren't that open when it comes to dropping the price of their property. The reason for this is simply because builders think they're offering you something that doesn't come with any notable compromise. Fortunately for you, there always will be that small window of opportunity. Though you feel like you no longer need to negotiate since you have the buyer's agent doing it for you, the thing is having to learn how everything works will become a crucial attribute later on, see them all here!
3 - Be sure every detail of the agreement is made into writing.
Buying a house is a huge investment, maybe the biggest you've made in your life so far. So in line with this, it sure makes perfect sense to put everything in writing whenever you decide to make that purchase. This is quite true when buying a new construction home since you might sign a contract without knowing that some of the components of the house haven't been completed yet. The only way for you to guarantee that the builder will honor its commitment to providing you the new construction home the way they told you so is by having all the details written in a contract and signed by them.
Finally, we don't really recommend buying the cheapest available new construction home at this site out there because you'll never know you're actually being ripped off.