How to Hire a Realtor for New Construction is a guide on how to get the best value for your new home.
Have you fallen in love with one of those perfect model homes in a new construction neighborhood? I love them, too. Buying a resale house versus new construction are very different processes. Having personally sold thousands of homes, I know how important it is to think of a few essential things when purchasing new construction. Probably the more important thing to know when purchasing new construction is the importance of – WORKING WITH A REALTOR Yes, real estate agents represent buyers all the time on new
construction purchases. It can be confusing for you when you go into a model home and sales representatives provide all of the information and answer your questions, but they work for the builder and you should want someone representing you. Many Realtors like myself are familiar and specialize in new construction, and our input is valuable. Having someone on your side
representing your best interests, not the builder’s is important, and it doesn’t cost you any money, your agents fees are paid for by the builder and you do not save any money if you have an agent, in fact, you’ll most likely end up paying more without representation because of what you don’t know. #2 – UNDERSTANDING THE DIFFERENT COSTS OF NEW CONSTRUCTION You may see that roadside sign that says “Houses Start in the 500s!” Then when you go into the model home, everything available is priced closer to $600,000? That’s because the advertised price is for the cheapest model, with no upgrades or lot premium. CONSTRUCTION OPTIONS – Does your builder offer a bonus room option or the option to change a living room to a den, or that extended master bathroom? If so, these options typically almost always cost more and will increase the price of the home. COSMETIC OPTIONS – These are the fun ones! Going to that design center to pick out your floors and cabinets can be the highlight of the building process, but you can also get a big dose of sticker shock. So compare what their cost will be in comparison to having a third party do the upgrades and don’t forget you’re paying the interest for the lifetime of the loan on all of those fancy upgrades. Check out the next video with a few more things you need to know when purchasing new construction. I hope this information helps all of you out there thinking about buying a new construction home. Again, this is Kimmy Rolph with Berkshire Hathaway Fox and Roach and Kimmy Rolph Sells the Main Line and Local Areas.
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