Buying new homes is an exciting time in your life. It is a step into the new future. However, for many first-time home buyers, the newness of the home is not immediately apparent. New homes come with lots of unknowns. Here on: alexplotkinrealestate.com, are a few tips you can use to handle the unknowns:
Check out the real estate agent's track record. If you buy a new home which is still in the construction stages, you would better consider the track record of the real estate agent handling the transaction. Remember who your agent is representing. Do not take the builder's price at face value blindly.
As a buyer, be prepared to have a thorough home inspection. There will be no telling how much trouble you might eventually run into in the construction. The only thing you can do is find out what the builder has in mind for you in terms of features and amenities. Find out if the real estate agent or builder has recommendations on qualified contractors for any repairs and maintenance work you may need when you inspect the new home.
Alex plotkin real estate agent has no problem with giving you referrals to qualified contractors. This will save you time and effort in finding a competent and trustworthy contractor. However, don't rely just on their recommendations. You should conduct your own investigation to find out if the builder has the skills and experience to handle the tasks at hand when buying new home construction.
Be wary of hiring a builder who is advertising in your local newspaper. Most builders do not put up classified ads in local newspapers. If they do, it's usually to lure buyers looking for a bargain. If a builder advertises in a newspaper, ask questions about his background, his training, and experience in handling new home construction projects. You should never hire a contractor or builder who does not disclose their qualifications, past work history, and references.
The lender is going to require a lot of information from you before issuing you a loan. Be sure that you understand the terms of the loan and builder's proposal. A real estate agent or builder may be able to offer the best deal on new home construction but that doesn't mean they have the best deal on payment terms and any other fees and charges. Click in this link for more info: https://en.wikipedia.org/wiki/Real_estate.