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are many issues to
watch out for when buying new homes or new
construction property from a builder. Since
professional new home
Realtors, like Otero Realty Group Agents are trained to know
what to watch for, you should make sure that they
are always informed of your house-hunting plans.
 NEGOTIATING
WITH HOME BUILDERS
When you speak to a
site representative at a builder's
model home, you need to understand that their
objective is different from yours. Their obligation
is to get the builder the highest amount of money
for a given home and to close it in the quickest
possible time. You are at a disadvantage from the
beginning since they have knowledge of all
inventory, specials (announced and unannounced) and
what is possible in negotiations. Therefore, you
would be very wise to enlist the services of an
expert buyer's agent, like
Otero Realty Group Agents specializing in new construction.
Since all builders have these fees built in to their
marketing budgets, it costs you nothing extra and
will probably save you thousands of dollars.
BUILDING
NEW CONSTRUCTION
Sometimes, it is possible to find a
completed home being offered by a builder at a
substantial discount over the latest official "new
build" price list. These "specials" are offered
because the builder must pay interest on the
construction loan once the property is complete and
they do not want the property sitting vacant. If you
can find one of these properties that you think you
might want to buy, make sure that there are no
specific reasons why other buyers may have rejected
the property -- such as backing up to a busy traffic
street or a sewage system runoff nearby.
If you need to
wait until the builder can construct your new home,
then be prepared to wait four to six months
depending on your price range. Custom homes can take
up to a year to build, so be prepared. You may find
it best to locate a short-term rental property while
you are waiting for completion. We can help
you! 480.983.9600 |
