Many people don’t want to buy a used house when only a new house will do: when they can have it their way! The home must be brand spankin’ new, fresh and clean without so much as a finger print on the walls. Is this you? If it is the following tips will help protect you in the process of having your dream home built.

  1. Use your own agent. The builders have their agents and those agents represent the builders. Many will use high pressure tactics to persuade you to sign the contract. Due to the high volume nature of brand new home sales, lots of builders’ agents are paid less than a traditional commission; some earn a salary plus incentives, so turnover is important to their livelihood.
  2. Make sure you hire a Buyers Agent to represent you. Most of the time, your agent will be paid by the seller, but sometimes the responsibility for the agent’s fee is open for discussion. Even if you have to directly pay your agent, you can probably add that fee to the sales price, and it would be worth it because a good negotiating buyer’s agent can save you thousands more than the commission.
  3. Just because the builder has a lender, don’t feel pressured to use them. Builders often prefer their own lender because the builder will be kept fully informed of your personal progress; it’s one-stop shopping for a builder. But a builder’s lender might not offer you the best deal. Moreover, the builder may own the lending company.
  4. See a lawyer and get all the legal advice you need. Before signing anything, talk to a real estate lawyer. Standard purchase agreements are designed to keep everybody out of court, but they don’t necessarily contain language that protects the buyer.

Related posts:

  1. Real Estate Market Getting A Boost With New Building
  2. With Low Home Prices, Is It Worth Building?
  3. Record Interest Rate Lows – Consider Building A Nest Egg
  4. House Hunting In The Washington, DC Area
  5. How Much House Can You Afford?