***NEW HOME******BUYERS BEWARE***
If you are considering building or buying a new home you need someone in your corner to protect your interests. A home purchase is the largest investment most people make in their lifetime and you have the chance to be represented for FREE* and at no cost to you. There are people who have successful experiences working with both custom home and tract builders. However, I also hear lots of complaints from dissatisfied buyers who were not familiar with the process, the contracts, and the shortcuts many builders take to improve their profits or what do when things go wrong. I've seen builders sell the wrong lot, the same lot to two different people, sell the wrong elevation, put on the wrong brick, install defective floors, install defective roofs, install defective granite countertops, install AC/Heat units incorrectly, not put in insulation, install no outside water faucets, forget to install telephone, cable, and security wiring, and many other bad situations. What will you do if this happens to you? Who's looking out for your interests? You see the builder's reps are normally nice, friendly and helpful, but they are not looking out for your interests. Just like the car salesperson, they are represeting the builders interests and profits. The good news is that you can have someone in your corner fighting for you for FREE. Get a Realtor to represent you before you even visit a model home.
Don't buy a new home without representation:
â€¢ The builder's reps are expert negotiaters. Are you? How many homes have you purchased this year or this lifetime? Realtors do have a fiduciary duty to protect your interest.
â€¢Some people think it costs more to use a Realtor, but in fact I regularly save my clients money versus them going directly to the builder. We bring multiple clients to the builders and they know that. They want our volume. You're only buying one home, but in some cases they even pay us bonuses to bring multiple customers to them. Be sure to ask me if you are elibable for a builder rebate. Most builders want you to have representation and have a seperate marketing budget to pay our fees. In any case it won't cost you more.
â€¢Most builders require us to be with you at your initial visit. This is always a good idea. We'll help you find the right builder who offers the best value and the right neighborhood. If you have already visited the builder or a model home please call me immediately and before you sign anything. Don't risk a nightmare!
â€¢We'll also advise you on when to get inspections and how often. Believe me when I tell you the city building inspector is NOT ENOUGH. You'll likely never see them because they're in and out of your home in 5-10mins each time they visit. They won't give you a written report and they certainly don't answer to you. We recommend professional licensed inspectors who will work for you to get the best quality home possible.
â€¢Many builders don't accurately inform you about property taxes. Get the latest and accurate information on taxes before you buy. I hear over and over horror stories that builders are not collecting enough taxes at closing and sticking it to buyers a year later with $3000, $4000, or higher tax bills that were unplanned. Go at it alone and don't be surprised if your payments go up hundreds of dollars after your first year.
To wrap up it, very important to use a Realtor.