I agree with my colleagues. Bring a Realtor with you. Understand that the salesperson behind the desk there at the builder's sales office works for the builder, not you. They are looking out for theirs and the builders best interests. They never mention having inspections done prior to closing (which I always advise my clients to do on new builds) nor do they mention that the price is negotiable. I have advised clients to walk away from deals on new builds because when I worked the numbers out for them, what seemed to be a good deal was not really a good deal. I have found that most of the salespeople at the builder sites will say anything you want to hear to close the deal. Often at your expense.
If you have not registered with the builder you are using yet the agent can be paid by the builder - and amazingly the builder would charge you the same either way!
I specialize in assisting customers with new construction here in Gainesville, FL and every one of them has been so thankful for my assistance during the process - and they just didn't know what to expect going into the process. Do yourself a favor and get a professional, if they are experienced and care about your needs you will not be disappointed..
If you are purchasing a "Spec Home" ~ one that is already constructed you will want to have a contractor's inspection to insure that the home was built to code.
If the home is currently under constrution you will want the builder to provide a comprehensive list of what he will complete in addition to the above listed items.
I noticed that checking their stock was mentioned, and though that is a good idea, it can also give you a false positive, so don't rely on that alone. The truth is you'll never know when one is about to fail. So take what Ron, OptionRealty, and I have posted and you should have a pretty good starting point.
Another point, when getting a home built you don't need any other players regardless of who pays. But in reality, if you look at some of the comments below, you will see that the person paying for everything IS YOU! All the builder will do is charge you to pay them, and your loan amount and interest payments increases by that much more. The main reason to build TODAY is to save money. And you save by cutting expenses. Think about it.
I hope this was of some help to you.
Buying a NEW HOME can be daunting experience to say the least, especially if you are going to relocate to a new city or state. I have been selling homes for 10 years and I still have a lot to learn. I have helped close over 1200 homes and I learn something new every time. I have put some tips together that have worked for myself and my clients.
HIRE A Real Estate Agent for your new home purchase and when you do I would use common sense to pick one. Most people donâ€™t understand that the Seller pays Real Estate commissions If you do not use a Real Estate agent then you are helping the seller out by saving them a lot of money. Your Real Estate agent is responsible represent you and answer any questions you may have about the process of buying a home. Make sure your agent has a lot of experience as 90% of agent will fail in there first 5 years. I have been around 10 years and going strong. Make sure that you stay faithful to an Agent that is doing a good job for you.
To read the rest you can visit here. http://www.rebateontexashomes.com/html/new_home_buying_tips.
2) Have your own buyers agent (not affiliated with the lender or sales agents) handle the transaction for you and research comparables that have sold recently.
3) If you agent cannot come up with comps that are re-sales (Not New Sales - they support the builders inflated selling price), then contact an appraiser to research comps and market trends/conditions as a consulting assignment. Your lender will order a full appraisal.