Tips When Buying a New Construction Home 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. There too are good reasons why you want this type of property instead of that one that other people previously called home and one of them is the fact that everything is practically new. This means that you won’t be having that many issues with regards to damage 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.
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In doing so, you need to find out that the realtor you hire is not affiliated or connected to any way with the builder of the home. 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.
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2 – Learn how to negotiate. Unlike homeowners who sell their homes, builders are a lot more difficult to negotiate with, especially when it comes to dropping their price. The reason why builders don’t really intend to be open to negotiations is because they are in the firm belief that the property they’re selling comes with no compromise at all. However, it does not mean you no longer have some room to work with. Even though you already a buyer’s agent representing you in the negotiation, it still is very important that you know how the negotiation works since this will allow you to provide some input of your own. 3 – Be sure every detail of the agreement is made into writing. Arguably the biggest investment you’ve had in your life is buying a house. Therefore, it always is a necessity for any kind of real estate deal to be put in writing. Putting everything in writing is non-negotiable because if you believe in nothing but verbal agreements, you are essentially leaving a room for the other party to deceive you. Keep in mind that a written contract is your best protection against the possibility that the builder won’t fulfill its job of delivering the kind of new construction home you’ve been hoping you’d get. Finally, we don’t really recommend buying the cheapest available new construction home out there because you’ll never know you’re actually being ripped off.