Purchasing new construction
While touring newer neighborhoods searching new construction, having a knowledgeable agent with you can be the difference between a good home buying experience and a bad one. will be your guide when navigating the myriad of new homes today to locate one that's right for your family.
In real estate, negotiation is always an option. However, with new construction, it depends on the developer and the length of time that the home has been vacant. Developers in new additions like to keep prices near their asking point because homeowners already in the area expect new construction to be comparably priced to what they already purchased. (You'll appreciate that same courtesy if there are undeveloped lots near the home you eventually purchase!) But, depending on how far along the project is and what the market is doing at that point in time, a builder will often allow a few concessions.
For example, if the home is pretty much move-in ready, you have little to no negotiating powers. But if the home has been sitting fully furnished, like a show or model home, and there haven't been many offers - then the builder might be willing to work with you. The longer the home has been on the market, the more the builder has invested.
In situations where a builder won't budge, try getting a break with other aspects of the transaction. Ask for them to pay a share of the closing costs, or more amenities, like appliance upgrades, a garage door opener, a sprinkler system or landscaping, or an extended home warranty. Or take the contrary route. If a home is nearing completion, you can often save money by passing on suggested upgrades from the builder and installing things yourself.
Realize that just because a home is brand new, it can still have its share of flaws. Be sure to get a home inspection before purchase so that issues are handled and also negotiate a home warranty. Then, about 10 or 11 months after purchase it's worth it to pay for an inspection and get anything else repaired before the warranty expires.
At E Z Home Search Real Estate Inc., I'll make it my #1 priority to find you a new home that meets your needs and fits within your budget. Give me a call at (508) 646-4777 to launch the search for your new home today.