Thank you for all your advice and input. This community is truly helpful and I really appreciate it. I will be staying with my current agent (as I have no choice) but I will make sure they are well prepared for all possible scenarios. Negotiations will take place and failure to bargain at least upgrades will not be accepted. Wish me luck, I'm going in tomorrow and if all goes well, I'll sign a contract and own my first home!!
Thanks again everyone.
buying a new house is exciting...everything's new! But just like with resale homes, you need to make sure you're fully informed so it's best to be represented by a buyer's agent.
From your response below you may already be tied to the Agent that registered you with KB. In any case, if you are going to be buying from a Builder there are a few issues and topics you need to be aware of, which are covered here: http://docs.Steven-Anthony.com/BuilderRealtorAgent.pdf
They seem pretty strict on the price. I checked the Mello Roos and it wasn't bad, just $60/month. I basically just want a home with enough upgrades to have it considered "standard", so I'll negotiate for the upgrades. I did go in with an agent but he seemed a bit inexperienced and I'm not sure if he was capable of getting me a good deal. I guess I'm stuck then if I went in with that agent.
Not all agents are familiar with negotiating on new homes. The builder wants to keep the list price as stated (when at all possible) because of past and future sales and appraisals for current homes in the pipeline. They will negotiate on upgrades, lot premium, and credits towards loan buy down and closing cost, If you use their preferred lender.
You registered with an agent and that agent will be entitled to a commission unless the time line has expired from your first visit, this could be 3 to 6 months. Check with their registration.
You are going to be reviewing a builders contract so make sure you have someone on your side who understands those contracts and addendum.
Go in with an offer you are most comfortable with. If low payments are your goal, you may be able to get the builder to credit you enough to lower your payments. Your agent should be able to communicate and ideally negotiate this for you.
Congratulations. You are going to be a homeowner very soon.
Please let me know if I can help or answer any further questions.
All the best!