Are You Considering a Visit to New Home Construction? Read this First!
Many buyers assume purchasing a new construction home from a builder of a new home community is a straightforward process—after all, there’s no previous owner to negotiate with, right?
Wrong. Like any real estate transaction, buying new construction requires skillful negotiation, a keen understanding of contracts, and access to critical market data. That’s where a seasoned Realtor like Margaret Melville can make all the difference, saving you money, time, and unnecessary frustration.
1. Negotiating Price & Incentives in New Construction
Builders often market their homes as “set price,” but that doesn’t mean there’s no room to negotiate. An experienced Realtor can help you secure a better price, negotiate for upgrades, and even get solar costs included—a perk that may save you thousands in the long run.
2. Understanding the Fine Print
New construction contracts are often lengthy and filled with clauses that favor the builder. Some contracts now include an option for the builder to repurchase the home if you try to sell within the first year. Margaret knows what to look for and ensures you’re protected before signing on the dotted line.
3. Analyzing Sales Data for Smarter Comparisons
Builders may not readily share how they price their homes, but a Realtor with access to tax records can analyze previous sales, upgrade costs, and lot premiums to determine if you’re getting a fair deal. Margaret helps you compare apples to apples so you can make an informed decision.
4. The Best Part? The Builder Pays for Your Agent
In most cases, builders cover the Buyer’s agent commission, meaning you get expert representation at no additional cost. Skipping an agent doesn’t save you money—it only leaves you vulnerable to the builder’s terms.
What We Have Learned
Buying new construction is exciting, but it’s also a significant investment. With Margaret Melville by your side, you can confidently navigate the process, maximize your savings, and avoid costly pitfalls. Ready to explore new homes? Let’s talk!
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