Property Q&A in Charlotte>Question Details

Michelle, Other/Just Looking in Charlotte, NC

I am just looking for details on this home.

Asked by Michelle, Charlotte, NC Tue Apr 7, 2009

is master up or downstairs, laundry up or down? appliances? gardentub? just all the basic questions. 3 bed two bath, is there a den/livingroom/diningroom/study?

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This question is about this property: http://www.trulia.com/property/1076050289-12315-Cumberland-C…

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Answers

3
Here are the answers to your questions:
This is a new home in Hamilton Lakes
It is a Surry Plan and part of KB's Biltmore Collection — is not available on-line.
With new homes, you choose the appliances and the tubs.
Master up
2 stories
2,146 sq ft (KB has an open living area
3 bedrooms, 2 bathrooms,
2 car garage

And here is why you should consider using a Realtor in your purchase:

Builders include a commission fee in the sales price so that you can choose to have a Realtor represent your interests. If you use your own Realtor, the builder pays them and the purchase price does not change. If you do not have a Realtor working for you, you will end up with one of the salespeople who work for the builder and who will always represent the builder's best interests and the commission that has been set aside to pay your Realtor goes to the builder as extra profit.

Here are a few ways that I can help.

1. Building and site location: The building and location you select will determine a significant amount of the home's future value. Your choice should not be based on what the builder needs to sell but what gives you the best return on your investment and meets your individual needs.

2. Accompaniment to the design center: What standard builder features or upgrades will directly impact the home's future value? Will the upgrades merely return enjoyment or actually create more value in resale? Knowing how these selections impact future value should also be a consideration. As an included service to new home buyer clients, I personally accompany you to the builder design center. My experience in architecture and general contracting will assist with selections you make based on future resale and you can decide if they are worth the extra investment.

3. Get clarity on upfront, non-refundable expenses: When entering into a new home transaction as a non-represented consumer, are you finding out things that are important to know but not required to be disclosed? This can include what expenses are required upfront and which are nonrefundable. Before you sign anything, understand all costs: upfront, nonrefundable and long-term.

4. Get a Home Price Evaluation before you sign: Builders do not generally know how the market values its product in resale. Once you purchase the home, it is your investment. Will the lot, floor plan, and your selections will most likely retain value in relation to the current market?

5. Get the best loan for your needs: Builders often offer monetary incentives to work with their mortgage company - but this may not be in your best interest. Let me compare the builder's incentive with the actual mortgage product as well as other competitive mortgage products available on the market. Why pay more in mortgage closing fees than the actual builder incentive is worth.

6. Watch for those appraised values: Know your future obligations before you purchase. Make sure you are comfortable with the house payment based on the future tax.

7. The home is new, why should it be inspected? Your builder should stand behind warranties and guarantees, however, making needed improvements/corrections to the construction after you live in the home or addressing code/repair items after your closing may be costly, inconvenient or at the very least, complicated. It will either be the builder's cost or your future cost, so get a qualified inspector to give you a professional opinion of current condition and potential future problems.

8. . Market Knowledge: Make sure you have disclaimers and disclosures endemic to the area/subdivision, addenda regarding homeowner's associations, recent information regarding the surrounding community, the local schools, and utility districts, will all be presented and evaluated. Understand local market conditions so you can be an informed homeowner and make the most of your homeownership experience.

9. Home Services to save you time and money: There are many services you need in a new home purchase, for example, moving company estimates, utility connect and disconnect, cable or satellite hook up, and estimates on homeowner?s insurance. The builder often expects you to handle all of these. I have a complete list of service providers.

10. ZipRealty offers a 20% buyers commission rebate* on the purchase of any home priced at $100,000 or more. On a $150,000 purchase, this could be about $750 for a typical builder purchase and $900 for an existing home. Without ZipRealty, your rebate remains unpaid to you. *If interested, you can see details in my profile.
0 votes Thank Flag Link Wed Apr 15, 2009
Hello Michelle!

I am very familiar with the Hamilton Lakes Community as I have just sold a Client a former KB Model home this month as well as I have a listing in the Communty. I am very familiar with all of the current listings (I have previewed/showed these) and this isn't one of them. I believe this is a to-be-built home.

If you really like this Community, I would love to show you some of the properties currently for sale or work with you on new construction. I have experience with being a Builder on-site Agent so I understand the Builder's position and know how/what we can negoiate into a transaction. Whatever your decision may be, I strongly urge that you hire a Buyer's Agent to represent you as an on-site Agent represents the Builder and is not working in your best interest. Also, the Seller pays a Buyer's Agent commission, not you!

If you could email me your specifications to debra@hmproperties.com or call me at 704.421.2107, as I would also love the opportunity to help you find your new home!

Best,
Debbie
0 votes Thank Flag Link Tue Apr 7, 2009
Hi Michelle!
This is a KB Home and has not been built yet or is currently a model home. Most new homes do include a stove, microwave and dishwasher. The other appliances can sometimes be negotiated in the contract. I would be happy to meet you and either take you to this community and/or show you some others in the area. I have lots of experience with new construction. Please give me a call or send me an email and I will share the web address where you can see a virtual tour of this home. I would also like to advise that it is in your best interest to work with a Realtor who can represent you as your Buyers Agent when looking for a new home. The sales agents in these communities work for the seller and represent the sellers (builders) best interests. I look forward to hearing from you and for the opportunity to earn your business.
Beth Gionis
704.609.6653
Beth@SellingCharlotteRealEstate.com
0 votes Thank Flag Link Tue Apr 7, 2009
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