Buying a new home is distinct than buying a resale although most of the rules are similar. New home sales representatives work for the builder. If you buy a new home through the builder's sales rep you will have no one representing your interests. Most states do not want constructor sales persons to be licensed real estate agents. Who is on your side?
1) Why Buyers Agents - The home buying process is full of traps for the unwary, inexperienced, and even the experienced home buyer. A good Buyers Agent can help you stay on procedure and avoid the problems. Understand that not all real estate agents are equal, spend some time interviewing agents. Interview 2 or 3 agents expect a strong presentation of their qualifications, experience, and written guarantees of performance. Today's best Agents are internet savvy, have a team arrival and use an interactive computer presentation of the facts.
DRYWALL SETTLEMENT
2) Know What Can You Afford - Your Buyers Agent will insist that you to be pre-approved for a mortgage (not pre-qualified) before starting the home search. They will direct you to 2-3 bankers/mortgage clubs that they are obvious can follow through and close your loan will slight or no hassles. You will find that builders regularly have the own mortgage contacts some have their own mortgage companies.
3) What constructor is Best For You - Your Buyer agent will help you decree your specific needs and preferences before shopping for a builder. What area meets your needs for schools, length to work, church, and shopping? Now you and your buyer agent can look for subdivisions or institution builders in that area who will best address your needs. Take your time, shop around. explore model homes, pick-up brochures with floor plans and pricing become educated before making your choice. With your Buyer Agent interview constructor sales representatives.
4) opt Your community - What amenities are available, pool, tennis, golf, club house, gated community? Is there a homeowners relationship if so you must have a copy of the covenants and restrictions these tell you what the community rules are about what you can and can not do with your own property. Your buyer agent can help you check local land use regulations and what is planned on the vacant land around you may end up with a 24 hour gas hub behind your new home.
5) ageement and Negotiations - This is the maze your Buyer Agent will help you navigate. There is all the time room to negotiate with builders it may not show as a dollar amount off the price. They have homes built as spec, prime lots (remember all lots cost the constructor the same), homes that are more sufficient to build than others, specials on upgrades and options, extra discounts from vendors and suppliers. constructor incentives on using their mortgage company, title company, upgrades and credits.
6)Inspectors and Inspections - The top Buyer Agents will guide you to hire a licensed structural engineer to explore the major buildings of your new home before the drywall is hung. A licensed home inspector can explore the home for systems and operation. The best builders offer planned inspections of your home with you while varied building stages i.e. Site inspection, pre drywall, pre conclusion punch list.
7) conclusion Date - A Buyers agent will follow up on the building process home builders are known for not meeting the conclusion dead lines. Weather, subcontractor delays, supplier/vendor deliveries behind schedule, field supervision, and holidays all can add up to days, weeks and months of delay. Insist in your ageement that you receive a 30 day consideration of the conclusion date so you and your house are not stuck in a hotel waiting for settlement.
New construction Home Buyers - 7 Reasons Why You Need an Agent! DRYWALL SETTLEMENT
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