The Homebuyers’ Guide to New Homes - 10 Tips to Save You Time and Money!

Kevin Kwan March 14, 2024
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Hey, everyone! Welcome back to KKRG. Today, we’ve got something special for all you homebuyers out there. If you’re considering buying a brand-new construction home, then you’re in the right place. I’m Kevin, and I’ll be your guide through this exciting journey.

Tip 1: Get in Touch with Your Agent A reliable real estate agent is your best ally in the homebuying process.

Sit down with them and do your homework together. Discuss your needs, preferences, and budget. This will help you determine a comfortable price range for your new home and ensure you’re well-prepared before stepping into the homebuying process.

Tip 2: Sellers’ Agents Versus Buyers’ Agents Know the difference between sellers’ agents and buyers’ agents.

The sales agent in the model home represents the builder, not you. But as a buyer, you can work with a buyers’ agent at no additional cost. They’ll be your advocate, helping you navigate through home construction, warranties, financing, and everything else to get you the best value for your money. Buyers’ agents are experts in negotiations and will ensure your interests are protected.

Tip 3: Get the Facts About Your Builder Gather all the facts about your builder.

Research their reputation, experience, and financial stability. Ask for references from past customers or reviews of their work. Get detailed “spec sheets” on home features, from floor plans to energy efficiency. And don’t forget to inquire about lot availability and the expected delivery date of your home. Being well-informed about the builder’s track record will give you peace of mind and confidence in your decision.

Tip 4: Negotiations Don’t be afraid to negotiate.

Many homebuyers don’t realize that there may be room to haggle on the price, upgrades, or options. Builders might offer discounts or special financing to close a sale. For example, if a builder has completed a home but hasn’t sold it yet, you could have more leverage in negotiating the price. Also, some “premium lots” are priced higher and are sometimes saved to be sold last. So, be savvy and get the best deal possible!

Tip 5: Financing – What’s Best for You? Explore your financing options.

While some builders might have special financing packages for high-volume communities, you have many choices beyond what they offer. Shop around for the best mortgage rates and lender fees. Additionally, consider other costs like appraisals, inspections, surveys, attorneys, and closing fees. It’s essential to compare different financing options to find the one that suits your financial situation best and helps you save money in the long run.

Conclusion: These tips are crucial for anyone considering buying into a new build community. But hold on, there are five more tips you need to know! If you want to discover the rest of the ten tips to save you time and money, click the link below. My team and I have prepared a detailed report called “New Homes – 10 Tips to Save You Time and Money.” Don’t miss out on this valuable resource!

That’s it for today’s blog, folks. I hope you found these tips helpful and are now better equipped for your homebuying journey. If you enjoyed this blog, stay tuned for more valuable content like this. Thanks for reading, and happy house hunting!

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