The Best Advice About Houses I’ve Ever Written
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 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 – The first step in this rather long process is to hire a real estate agent.
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While finding a good realtor, you should take extra caution because you might end up hiring someone who actually is employed or connected to some way with the builder of the home you plan on buying. While there’s nothing illegal about it, it’s just that you want an independent buyer’s agent who will represent your interests, not the builder’s.
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2 – Know how to negotiate. You do have to understand that builders aren’t like your typical home seller because they hate it when you try to negotiate with them in dropping the price considerably. This is obviously because they feel like the home is newly-built and there is nothing to make a compromise on. 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 – Put everything in writing. For many Americans, buying a house is already considered the biggest investment in their lives. 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.