Buying a New Construction Home Shouldn’t Be Scary…and Here’s Why

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Just driving around the valley I am sure you have noticed all the new homes being constructed-- just waiting for you and your family to call home. There are a few things you need to know about buying a new built. Some good and some bad-- but if you know what you are getting into and you have dome all your research, brought a REALTOR to view the homes before you pick the one you would like to buy and you’ve weighed all the options and decided a new construction home is right for you. Now you want to find the perfect builder for your dream home. Congratulations! It’s a great undertaking – and a great reward – to walk into you own brand new house and make it home. The process to get from meeting builders to that moment can be stressful which is why we recommend working with a real estate agent.The good news is that you don’t have to deal with negotiating with a seller like you might with a previously owned home. The Most important step you can take is having your REALTOR go with you at the first viewing of the show homes, and don't sign in without them. Doing so is waiving your rights to be represented...As nice as the agents in the new build are--they are representing the builder, and have no fiduciary to you. <MAKE SURE YOU HAVE SOMEONE COVERING YOUR INTEREST> that is the easiest way to be sure the project goes smoothly! At Beery Realty we think buying a new construction home shouldn’t be scary.

The good news is that you don’t have to deal with negotiating with a seller like you might with a previously owned home. The Most important step you can take is have your REALTOR go with you at the first viewing of the show homes, and don't sign in without them. Doing so is waiving your rights to be represented...As nice as the agents in the new build are--they are representing the builder, and have no fiduciary to you. <MAKE SURE YOU HAVE SOMEONE COVERING YOUR INTEREST> that is the easiest way to be sure the project goes smoothly! At Beery Realty we think buying a new construction home shouldn’t be scary.

·      Research Builders. You’ve decided to build a home from the ground up, it’s essential to learn about the builders before selecting one. Working with a real estate agent who is familiar with new construction, you can identify reliable builders in the area and select one that best meets your needs.

·      Real Estate Agent. Bring a real estate agent with you to your initial visit at the builder’s location. If you don’t, you risk not being able to have an agent with you for the home building and buying process. That may seem not very important, but think about it, do you want the builder's agent to represent your interest, or do you want someone on your side? I know I would want someone on my side concerned for what is best for me. 

·      Negotiating. Happens throughout the process and there’s a fair amount of negotiating that happens when you’re working with a builder. An experienced real estate agent, like Beery Realty, can help you negotiate a fair price for the base home plus upgrades. I recommend selecting the essentials for your home first, then upgrades. You will have a better understanding of costs and your budget. Remember, you still have to furnish and add personal touches to the home after it’s built so you don’t want to spend all of your house savings on the build. A builder can make it sound like if you don't upgrade off the bat, you will be sorry-- but working with the right REALTOR you will be advised to weigh out the costs, as it might be more beneficial to do some of the upgrades afterwards, so you are not paying for 30 years for them.

·      Get it in writing. Once you’ve negotiated a contract with a builder, get the agreement in writing. There’s way too much risk to build a home from a handshake deal or a promise to send a contract later. If the builder won’t put your deal in writing, walk away. There’s a better builder out there for you. An old saying is " if it is not written down it never happened" these are word to live by when dealing with a builder. Not because they are sneaky or trying to put something over on you, but because there are many hands in the cookie jar and it is critical to make note of exactly what you want and how they promise to do it, so down the line someone who my not have been in on the original meeting still understand what you want and how it should be done.

·      Inspection. When you build a home, you have the unique opportunity to inspect the home at various levels of construction. Be sure the builder understands you want inspections throughout the process and allows this to happen. Have an inspection of the home completed after the foundation is poured, after framing is completed (and before the drywall goes up), before cabinetry is installed, and a final inspection- and I also recommend a inspection 9 months after you take possession- so if anything has changed, the builder is required to take care of it, with in the first year. This will protect your asset and ensure your home is built to code and will withstand the test of time.

If you are considering a condo, moving up or down in size, thinking of an investment property or a second home- I would be happy to help you find just the right one!  My passion is to help, and to make sure you have all the right information so you can make the best informed decision, so contact me to get started!