If you're touring newer neighborhoods seeking new construction, having the right Realtor at your side can be the difference between a good home buying experience and a bad one. will be your guide when navigating the myriad of new homes today to make an offer on the one that's made for you.
In real estate, negotiation is always an option. However, with new construction, it depends on the builder and the length of time that the home has been on the market. Developers in new additions like to keep prices near their asking point because homeowners already in the area expect new construction to be comparably priced to what they already purchased. (You'll appreciate that same courtesy if there are undeveloped lots near the home you eventually purchase!) But, depending on how far along the project is and the local market, a builder will often allow a few concessions.
For example, if the home is pretty much move-in ready, you have little to no negotiating powers. But if the home has been sitting fully furnished, like a show or model home, and there haven't been many offers - then the builder might be willing to work with you. The longer the home has been on the market, the more the builder has invested.
In situations where a builder won't budge, ask for assistance with other aspects of the transaction. Ask for them to pay a share of the closing costs, or additional amenities, like an allowance for window treatments, a garage door opener, a fence or landscaping, or an extended home warranty. Or take the contrary route. If a home is nearing completion, you can often save money by passing on suggested upgrades from the builder and installing things yourself.
While you should always negotiate a home warranty so problems can be fixed, get a home inspection before your purchase regardless. Inevitable problems can be repaired (by the builder) before you move in and larger problems identified before they become your problem. Since an inspection is relatively inexpensive, some new home buyers get an inspection after being in the home for 10 or 11 months - that way, the builder can make the repairs before a 1 year warranty expires.
Finding you a new home that meets your family's needs and matches your budget will be my #1 priority. Give me a call at
401-932-9005 to start the search for your new home today.