When searching for a new construction home it can be a very exciting process, but also stressful if you don’t follow the right steps.
1. Find An Agent With Your Best Interest In Mind
Before you start the process of buying your new home, consider hiring a buyers agent! Even though you won’t have to worry about negotiating with homeowners, it definitely helps to have a knowledgeable realtor on your side throughout the new construction process.
Often times when you are dealing with a home builder representative, they will act in the best interest of the builder. When you have your own real estate agent they can assure you get the most value for your money.
Still wondering why you need an agent when purchasing new construction? Learn more about the benefits a real estate agent can provide.
2. Negotiate Smarter Not Harder With The Builder
So you’ve found your perfect floor plan and desirable neighborhood that’s budget friendly, so now it’s time to make that house a home. When you start negotiations with the home builder, make sure you are getting your pennies worth!
More times than not builders will rarely drop their overall selling price, but if you play your cards right you could negotiate some extra perks. Instead of asking for a lower price, ask for additional upgrades or for help on closing costs. Having a real estate agent in your corner will also help tremendously when it comes to negotiating for your best interest.
Curious about the upgrades you may find in new construction homes? Check out these features in new construction homes in Cary.
3. Get EVERYTHING In Writing And Guaranteed
The biggest headache you’ll find when it comes to purchasing a new construction home is dealing with the builder’s timeline. Making sure you have all your signed documents in order and a set closing date from the home builder is crucial for the home buying process.
Weather and extenuating circumstances may slow down the process of building your home, but having a set deadline will make scheduling everything for your closing much easier. Always remember that verbal conversations are not binding or guaranteed, so have every conversation and agreement in writing to safeguard your best interest.
Interested in purchasing new construction in the area? Take a look at the current Triangle new construction homes for sale.
4. Research Your New Construction Home Warranty
When buying new construction you’ll often hear the terms, “free 1-year warranty” or “complimentary home warranty “. Many builders will include a warranty with the home purchase to cover the costs of nail pops, flooring issues, damaged siding, etc.
However, builders will sometimes use third-party warranty companies for certain features of the home, making the process of repairing damages more complicated. Double check with your builder to find out if they use any third-party warranty companies, and make sure you read the fine print of what exactly is covered in your home.
New to the area? Our team has all the resources you need and is sure to point you in the right direction with this complimentary relocation guide .
5. Do Your Homework On The Builder’s Lender
Finding a great mortgage lender is just as important as finding the perfect home builder. Once you start the process of buying your home, you’ll have the option to use the builder’s preferred lender or to select your own.
A few reasons why many choose to work with the builder’s lender is that they offer home buying incentives like a certain percentage off of closing costs, or 100% financing. While those perks may sound appealing, do your homework on the lender’s history and ratings. Choosing an excellent lender will pay off long after you close on your home.
Want to start your research on home lenders? Check out these home mortgage resources!
Time To Start Your New Construction Home Buying Process?
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