Deciding between buying an existing home or having one built is a key step in the home-buying process.
If you choose new construction, a knowledgeable real estate agent can advocate for you when negotiating upgrades, move-in dates, and other terms with the builder.
Finding the right builder can feel overwhelming. Start by:
• Defining which architectural styles appeal to you
• Researching local builders who offer those styles
• Asking friends for referrals
• Verifying builder licenses and certifications
• Checking if they are certified by the National Association of Home Builders
• A builder representative’s goal is to sell the home and provide info about restrictions, roads, easements, inspections, warranties, rebates, and upgrades.
• Your agent helps you interpret this information, highlighting pros and cons of each detail.
• Your agent also protects your interests when reviewing the builder’s contract, which can be full of legal jargon.
• Builders’ willingness to offer deals depends on market conditions.
• Inventory on hand may make them more flexible with upgrades or price.
• Watch for builder close-out sales near subdivision completion—your agent can help you spot these opportunities.
• Most builders require a deposit when signing a purchase agreement.
• Upgrades are usually paid before closing.
• If you back out, you may lose your deposit unless the contract states otherwise.
• Always understand every detail of the builder’s contract before signing.