Save money when purchasing new construction
If you're scoping out newer developments looking for new construction, having the right agent on your team is crucial. will help you navigate the sea of new homes today to locate one that's perfect for you.
People that buy brand new homes in a development aren't happy when the homes that sell after theirs fetch a lesser price, so builders aren't as apt to bend on price. (You'll appreciate this behavior after you've bought a home in a development of new construction!) Regardless, depending on the market and the status of the project, there's sometimes room for negotiation.
For example, if the home is pretty much move-in ready, you have little to no negotiating powers. But if the home has been sitting fully furnished, like a show or model home, and there haven't been many offers - then the builder might be willing to work with you. The longer the home has been on the market, the more the builder has invested.
In cases where a builder won't budge, try getting a break with other aspects of the transaction. Ask for them to pay a share of the closing costs, or additional amenities, like appliance upgrades, a garage door opener, a sprinkler system or landscaping, or an extended home warranty.Or take the contrary route. If a home is nearing completion, you can often save money by passing on suggested upgrades from the builder and installing things yourself.
Realize that just because a house is brand new, it doesn't mean that it is immune from needing repairs. Be sure to get a home inspection before purchase so that issues are handled and also negotiate a home warranty. Then, about 10 or 11 months after purchase it's worth it to pay for an inspection and get anything else repaired before the warranty expires.
At Hedrick Redfearn Street Real Estate, We'll make it our #1 priority to find you a new home that meets your needs and fits within your budget.
Give us a call at 336-355-8910 to start the search for your new home today.