The Homebuyers' Guide to NEW HOMES

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Read This BEFORE You Visit Your First Model Home!

When shopping for your home, you'll discover that most homes on the market are resales. Yet, one out of four homebuyers purchases a new home. Both new homes and resales offer advantages. Before you make a decision, let's . . .

COMPARE THESE POINTS!

NEW HOMES

- offer innovative use of space and style

- greater energy efficiency

- a choice of options and upgrades

- everything is new, and modern.


VERSUS

EXISTING HOMES

- on the average they are less expensive

- often they are in established neighborhoods with mature landscaping

- homes have already settled, eliminating possible problems that arise from this happening after the purchase

As you can see, there are advantages to both. Most people consider both new and existing homes before they decide to purchase. Should you be thinking about buying a new house, here are 10 points to consider before you visit your first model home.

10 Tips to Save You Time and Money

1. Get in Touch with Your Agent.

Before you visit your first model home, sit down with your agent and do your homework. You'll want to be prepared so that you can determine a comfortable price range for your new home.

Determine a Comfortable Price Range
If you own a home, you'll first need to know the net proceeds from its sale in order to determine how much cash you'll have to work with. Don't simply estimate this but carefully calculate every possible selling cost. If you're a first time buyer, you'll need to first qualify your income. Determine the size of your downpayment, then work out a monthly debt load so you can deter-mine a comfortable price range.

2. Sellers' Agents Versus Buyers' Agents.

Here's a good point to remember. The sales agent in the model home represents the builder not you. They arc known as sellers' agents. As a buyer you can work with a buyers' agent at no additional cost. It's his/her business to best rep-rescnt your needs by being knowledgeable about home construction, warranties, financing, differences in pricing, quality, even lot selection so that you get the best value for your money.

3. A Builder For All Reasons.

Like all tradesmen, builders vary in their fields of expertise. For example there are builders who specialize in craftsmanship, others who arc known for their innovative use of space, and those who offer below-market financing or customer attention during construction and after move-in. Determine your own specific needs or preferences then shop around for a builder that will best address your requirements.


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Mark Linder
New Century Realty Group

Phone: (469)879-2960
Mark@MarkJLinder.com