Wednesday, March 12, 2014

Buying a Newly Built Home?


An experienced buyer's agent can help you save money and hassle when buying a brand-new home.
 
By: Dave Ramsey – as featured  in  Dave  Ramsey’s Real Estate Minute  Newsletter - March 2014

New home fever starts innocently enough. Maybe you take a Sunday drive around your favorite up-and-coming community. Next thing you know, you're parked in front of the model home, following the scent of fresh paint and hope-filled dreams up the sidewalk. As soon as you walk through the front door, the sparkle and shine will dazzle you into a decision.

Not so fast! Building a home may be an easy way to get what you want, but there's more to it than picking a floor plan with all your favorite colors and finishes. Before you open that door, consider these dos and don'ts for making your new home purchase a smart one.

Don't Assume the Sales Center Agent Has Your Back

The builder's sales center agent may be friendly and super-helpful about showing you options for your new home, but it's their job to fetch the highest price for the builder—not to help you make wise decisions.

That's why you need a buyer's agent—a real estate pro who is on your side and represents your best interests in the home-buying process. With their inside track on market conditions, your agent can help you get the most for your money by negotiating a lower price or scoring premium upgrades without adding to your bottom line. Just remember to register your agent at your first meeting with the builder to ensure your agent has a seat at the negotiation table.

Don't Rely on the Builder's Inspection Team

If you think buying brand-new comes with a free pass from Murphy, think again. Your home was built by humans, and humans make mistakes!

So don't give your builder home-court advantage by handing over control of the inspection process. Hire a qualified inspector to look beyond the fresh coat of paint to make sure your dream home isn't hiding any nightmares.

If any problems arise, your buyer's agent can help resolve the issues in your favor. After all, a smart home builder knows a happy agent brings more business.


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