Which home builders are the best?

Asked by Bryan, Fort Worth, TX Wed Oct 31, 2012

We are looking for home builders where the home is no more than $150k, and the homes are more than 10ft apart. My score is a 690, wifes is a 715, we have a down payment ready, however I have a foreclosure on my credit from April of 2010. I'm aware that we need to wait until May of 2013, but I believe someone mentioned that you can start looking at homes being built as long as they are not finished before May of 2013, is that correct?

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Lloyd Martin, Agent, Keller, TX
Wed Feb 13, 2013
Hi Bryan,
You will definitely get the best deals for what the builders call "standing inventory", meaning the home is already built or nearly built.
If you don't mind building and the 5 months it takes to complete, you won't get quite as good a deal but you get to choose all the amenities, carpets, cabinet colors and types of wood, wood flooring, and upgrades.
Don't try negotiating without a very experienced Realtor to help you. There is almost no home that you cannot get a better price on or receive more incentives. However, unless you're a very skilled negotiator don't expect to get much.
New Home Builders will tell me Up Front how much they have to play with in the price. They want to sell homes!
Here is how the conversation goes. Hey Mary, I have a buyer. On Plan XXX how much do you have to play with? Well Lloyd, I have 5% but we could also offer XYZ if you can get the Buyer to close by the xx/xx/xxxx. Thanks Mary, What about Closing Costs, will you pay those. Well we could do this or that.
The Point here is that they tell ME all these things Up Front!
Why, because I am such a great negotiator that they just lay all their cards on the table.
Would you like someone like me on your side? I sure would..
In your life, if you have felt you have done a great job in negotiating, that means that you didn't because the trick is to Always make the other party think They Won.
Call me 817-471-0221
0 votes
Lucy Puniwai, Agent, Haslet, TX
Wed Oct 31, 2012
Yes - 3 years is the rule. If you are looking for a new build, I work with represent Home Buyers and and my expertise is in negotiating with Builders to get my clients the best possible deals. I want the Builder to include as much as possible in the base price and also contribute toward closing costs. At times, depending on the Builder, it is to your advantage to work with the Builder's Lender. The reason I say this is because it becomes a seamless process as you will also use the Builder's Title Office for your closing. Please be careful about having you credit history pulled as each inquiry may affect your interest rate. One loan officer can answer all your questions and carefully guide you from now until May 2013. Working with one person, 6 months in advance, helps you to develop a relationship with your Lender and they will be available to answer all your questions from now until you close. There are folks that will share an "opinion" with you but a Loan Officer is the person you want by your side at this point. You will be well informed and prepared before making an offer on a home. Your Realtor will know where you need to on your monthly mortgage (including Principle+Interest+Taxes+Insurance - PITI)
and negotiate the price of your offer to a Builder on a newly built home.

I am happy to offer my services and I encourage you to interview a couple Realtors to determine who you would like to work with.

Best wishes and no worries about that Foreclosure - time marches on!

Lucy A. Puniwai
(214)783-6416 – Cell/Text
(682)224-8050 – Fax
Facebook: https://www.facebook.com/NorthFORTworthRealtor
Facebook: https://www.facebook.com/Alliance.Haslet.NorthFort.Worth.Tex…
In God We Trust
0 votes
John Straub, Agent, Fort Worth, TX
Wed Oct 31, 2012
Hi Bryan
It was great talking with you earlier. The first step for you at this point is to start working with a mortgage lender to get the ball rolling. The second step will be to sit down and identify the things most important to you in your new home, such as more than 10 feet inbetween houses. Once we accomplish this the goal will be to start viewing homes that match your requirements. You are definitely on the right path!

John Straub
Keller Williams Realty

0 votes
Dallas Texas, Agent, Dallas, TN
Wed Oct 31, 2012
Lending changes all the time recommend speak direct with a mortgage broker determine IF or when you can qualify ... HUGE difference between facts from a professional than hear say .

Builders - against professional code of ethics render any opinion by a Realtor

FYI - always use a Realtor everytime you do a transaction. #1 issue I respond to daily is off new home construction how family lost $x,xxx to $ xx, xxx in money being sued by the builder.

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor

Multimillion Dollar Sales Producer

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0 votes
Amy Steele, Agent, Southlake, TX
Wed Oct 31, 2012
That is really going to depend on the style of home that you like and the upgrades that each provides. Each home builder is different and once you find an area that you want to live in there are usually new communities being built there. I have found 23 new communities in Fort Worth area surrounding Keller and in Keller that have models in your price range.
Question number one would be if you've spoken to a mortgage professional to get their blessing on the May 2013 home purchase after your foreclosure. I have a great referral for you. If you'd like that list of the new homes also, please call or email me!
0 votes
Doc & Ellen…, Agent, San Antonio, TX
Wed Oct 31, 2012
Hi, Bryan,

Buying a new home from a Builder is a MAJOR purchase. You need a great agent. My blog article, http://www.trulia.com/blog/ellen_doc_stephens_realtors/2010/… covers many of the reasons why.

Builder sales reps are VERY skilled sales people. If you don't have someone there to help you with the negotiations, you may make serious mistakes, like buying inefficient upgrades, get the wrong lot, even buy the wrong house. A good agent may close more than 50 transactions each year, so we know the traps. We also know which Builders have a reputation for quality and integrity.

Since the Builder pays your agent, (and you don't usually get a discount if you come in without one), get some help. If you need a name, contact me.

You might try http://www.BuildersUpdate.com for a list of Builder homes in your area. It lists details and on-site contacts. The service is free.

Good luck,

Doc Stephens, REALTOR
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