You’ll find many opportunities to look at new construction among Davie FL homes for sale. Buying new construction can be very exciting – you’ll have the opportunity to tailor the home to your needs and desires.
However, there’s something you need to consider if you’re planning to buy new construction. Home buyers sometimes think that they don’t need their own real estate agent if they plan to buy a new construction home. After all, every builder has its own representatives.
However, buying new construction isn’t as simple as you might think. Without your own representation, you may end up buying a home that isn’t a perfect fit. There are many more issues to consider besides having the ability to tailor your new home to your family’s needs. Here are five reasons why you’d want a buyer’s agent to represent you.
When you visit a new home development, the builder’s representatives are very knowledgeable about their homes. However, you can’t expect that representative to delve into your needs and compare their homes to the homes offered by other builders or neighborhoods. Your agent can work with you to define your needs and choose the builders and neighborhoods that best meet your requirements.
Your agent understands how the construction industry works in terms of finalizing the plans for your new construction home. Some builders are very flexible with changes, while others aren’t. Some upgrades should be purchased when the home is purchased. On the other hand, you can do some upgrades more easily and cost effectively with your own professionals after the build. Your agent can also point out the pros and cons of different types of plan changes.
Your Agent Can Negotiate for YouYour agent will know when you can negotiate on extras or upgrades, and when you’re likely up against the builder’s best price. For example, even something as simple as the type of paint can often be open to negotiation.
Builders will often promote their preferred lender. However, you need to review all of your options to ensure you’re getting the best type of financing for your needs. Your agent can give you a broader view of your financing alternatives.
As in any real estate transaction, buying new construction has its own set of paperwork, starting with the contract and then building from there. Your agent is an expert in ensuring that the paperwork is structured to protect your interests.
In addition, just because your home is new, that doesn’t mean that it will be perfect. You’ll need to arrange for a home inspection before closing just as you would with a resale home. New home defects can be just as frustrating and expensive to repair as defects an inspection might find in an older home.
It’s always a good idea to have your own representation when you’re buying a home, but it’s even more important if you’re buying new construction. The builder’s representative is required to protect the interests of the builder. For example, that representative wouldn’t be doing their job if they offered you discounts unless you negotiated for them.
You’ll have questions, and you’ll want a trusted advisor who can help you find the right answers. Having a buyer’s agent to represent you is the best way to ensure a successful build. If you have questions or want to talk to one of our local experts about new construction in the area, call us at 954-242-8030 or send an email. We’ll help you make the new construction process a breeze!
We specialize in Davie FL homes for sale, and Broward County homes for sale in the Cooper City, Coral Springs, Pembroke Pines, Plantation, Southwest Ranches, Sunrise and Weston communities.
If you’re planning to buy one of the Davie homes for sale, you’re probably going to be buying in a seller’s market. It’s not a problem – people do it all the time. But, there are things you need to know to get the best deal.
Real estate markets are often defined as either a buyer’s market or a seller’s market. It’s important to keep in mind that these labels change as the market indicators change. To be a seller’s market, Davie realtors look at several indicator, including:
Right now, all three of the indicators above signal a seller’s market. The number of homes on the market is slowly decreasing, sales prices are increasing slightly and homes aren’t staying on the market as long as they have been in the recent past.
Any time you plan to buy a home, it’s important to get pre-approved by a local lender before you start looking. That preapproval will help you in negotiations, but it will also tell you the maximum price you should pay for a new home. In a seller’s market, some people are tempted to continue increasing their offer price if there is competition for a house. That’s not a bad strategy as long as you don’t offer more than the home is actually worth. In addition, it’s a good strategy unless you overextend yourself by offering more than you can reasonably afford.
When you’re buying in a seller’s market, you need to be very clear about the things you can compromise on and those you can’t. If you absolutely want your children to be in a specific school district, don’t even bother looking in another one. If you’d like to have a swimming pool, but could live without it, considering a home without a pool is reasonable. Don’t be tempted to give up on your “must haves” just because you want to buy a home. You’ll undoubtedly regret it later.
Things can happen very fast in a seller’s market. The perfect home you see one day may be sold the next. Work with a real estate agent who will keep you informed as new homes hit the market and make yourself available for a showing, even on short notice.
If you’ve found the home of your dreams, a seller’s market isn’t the time to try to get a great deal. If you don’t want to pay list price, keep in mind that there will be others who will. Make an offer quickly and at market value.
You may find some advice online saying that you should eliminate all contingencies from the offer. It’s true that would be very attractive to the seller, but there are some areas where you just shouldn’t compromise.
You need to make the offer contingent on an inspection. It’s always possible that a home will have hidden problems you need to know about in order to make an informed decision. You typically need to make the offer contingent on obtaining financing. Even when you’re pre-approved, you won’t know that the loan will go through until it does.
There are problems that can arise while your loan is in underwritten. Some of those problems have nothing to do with you. But, if you’re caught in a position where you must purchase a home and can’t get the financing, you’ll have a much bigger problem than simply losing out on the purchase.
You can do other things to make your offer more attractive. Perhaps you can offer an earnest money deposit that is larger than the standard. You might be able to offer the seller a day or two after close before you take possession. Work with an experienced real estate agent to ensure you make the best offer possible without jeopardizing your interests.
When you’re buying in a seller’s market, it’s even more important to choose an experienced real estate agent who knows the local market, like those on the Teri Arbogast Team. We can help you whether you’re a first-time home buyer, looking for NSU housing or relocating to Broward County. Call us at 954-242-8030 or send an email for the professional help you need to make your next real estate transaction a rousing success!
We specialize in Broward County homes for sale in the Cooper City, Coral Springs, Pembroke Pines, Plantation, Southwest Ranches, Sunrise and Weston communities, along with the following Davie Florida locations:
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