new construction

 

A lot of people ask what’s different about buying new construction.

First of all, you’re buying from the person who built it, not the person who called it home. The property is often one of many the builder is trying to sell. This can lead to a different dynamic both in negotiating and throughout the transaction

What can you expect? Here are some of the most important things to consider when buying new construction

 

1. Find a great agent.

Be sure it’s someone who has experience in new construction and isn’t affiliated with the builder. Model homes are typically staffed by a real estate agent who has a relationship with the builder. It’s important for you to have an agent to represent your best interests, from advising you on how…

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Once you’ve made the decision to start the home buying process and begin the search for your dream home, you need to evaluate what your needs and wants are in a home.

 Keep a notepad where you will write all of the information regarding your search.  As a first-time buyer it’s important that you keep in mind what characteristics of a house are permanent and which ones can be modified.  For example location is permanent! Do you want to live in the city or a suburban area? Do you want to live in a rural area away from the hustle and bustle, or do you want to be close town? How far away is the neighborhood from your workplace or schools? What is the transportation system like? What will your commute be? The location you prefer depends on your specific…

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Did you ever hear the saying “don’t judge a book by its cover?”  Well don’t get wooed by a house just because it shows well!  Underneath that lovely exterior you may have problems; potentially serious problems.  Buying your first home is one of the most important purchases you will make in your lifetime. A qualified home inspector will take an in-depth and impartial look at the property inside and out!  You should be sure that the home you want to buy is in good condition. The first really cold winter day you wake up in your new house and your furnace isn’t working, you’ll be kicking yourself for not having your home inspected.  An inspection limits the number of negative surprises you may discover when you move into your new home.

The cost…

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April 4, 2012 report summary: March STAT reports a continuation of good news seen over the last several months. A 7.9% decline in inventory to 21,863, coupled with a 22.3% rise in sales to 8,869, exerts positive pressure on pric-ing. Once again STAT reports gains in all four pricing metrics: median and average prices, for both listing and sales. The upward pricing trend that began in the August/September time frame contin-ues. Although not robust, it is steady and definitely upward.

MSI dropped to 2.47 in March, which makes for a brisk market, fueling Subscriber complaints over lack of adequate inventory. The current forces of supply and demand should support this upward pricing trend. Valley pricing fell approximately 60% between…

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