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. Therefore, you no longer will have to worry about the usual stuff in buying a used home like the presence of damaged and deteriorated areas. But similar to buying a typical home, you will have to ensure you follow and take all the right steps in the right direction, the purpose of which is to guarantee you’re getting a house that you won’t be regretting later on. 1 – First step is to find a reliable and trustworthy real estate agent.
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While looking for prospects, you need to double check if they are not connected or affiliated with the builder of the property you intend to buy. Although it is not illegal or prohibited, you still have to go for a buyer’s agent who is independent because that’s the only way they can best represent your interests in the negotiation table.
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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 for this is simply because builders think they’re offering you something that doesn’t come with any notable compromise. However, it does not mean you no longer have some room to work with. Yes, it may be true that you already have a buyer’s agent who will be doing the negotiating for you, but the thing is it will definitely matter a lot if you know how the process works so that you get the guarantee that you’re not being left out of the conversation. 3 – Put everything in 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, don’t base your decision solely on the price, especially if you’ve come to the decision of buying the cheapest one out there in the market.