Saturday, March 10, 2012

Building a New Home

You have two options when you buy a new home: go for a ready built house or build your own. If you plan to construct your new home, a real estate agent can represent you during the building process. An agent can help you negotiate upgrades, the move in date, and other terms and conditions with the home building provider.

Here are some things that you will need to consider:

Looking for a home builder

Finding the best home builder is not a walk in the park. The first step you should take is to have a clear definition of your preferences for architectural styles. After finding this out, you can then look for home builders whose services match with your desired styles. You can also ask your friends to refer you some builders they have transacted with before. Your selected home builder state license status as well as the certification by the National Association of Home Builders should be validated.

Difference between a builder representative and a real estate agent

The builder representative?s role is to educate you with valuable information regarding building limitations, warranties, and upgrades, among others.

His or her primary aim is to sell you a house. A real estate agent, on the other hand, will assist you in identifying and weighing the pros and cons of the line items. Your agent can put forward your needs and wants in studying the builder?s contract.

Timing is key

A builder?s motivation to strike a deal is greater during a slow economy or when the builder is near the end of one phase of a multi-phase development.

Financial Matters

When a purchase contract is signed, builders normally require a deposit or down payment as well as the upgrade fees before closing. If you decide not to go ahead with the transaction your deposit and the other fees you paid for will be forfeited, unless your contract shows otherwise. Understanding the provisions in the agreement is a must.

Would you like to avoid the most common pitfalls when buying a home? There are 10 critical steps when buying a home. A mistake in any one of these area could cost you money. Get washington realtor information, usa realtor information and our Home Selling Guide.

Source: http://www.a1article.net/real-estate/building-a-new-home-10228.html

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