Being the first person to live in a certain new home can be a great experience. This explains why most people looking to buy a home consider new construction. In most cases, the sellers of these new homes are either builders or local developers.
If you’re considering buying a new construction home and you’re not so sure about it, you’ve come to the right place.
The following are some of the important things you should know about new construction homes.
These homes are not always listed in the local MLS
When looking for new construction homes, it’s not unusual to miss them in your local Multiple Listing Service. This is because builders working on these homes often prefer having their own sales employees to find buyers.
These homes are often sold before they’re completed
Before they set out to begin these projects, most builders often have the financing, construction, and sales process figured out. This means they are trying to sell as many homes as possible in the shortest time.
The builders begin with building model homes that the interested buyers can review before they are completed.
First buyers of these homes are likely to get discounts
Early in the construction process, a builder wants to get as many buyers on board as possible. This is because they are after impressing the lenders so that they can invest in more projects. To get multiple homes under contract, the builders are always ready to negotiate.
The builders do not have any personal attachment to these homes
For new construction homes, it’s always about the numbers. This means that you do not have to worry about the seller pricing the home too high due to their attachment to it.
In new construction homes, the builders are only concerned about whether the buyer is qualified and capable of making the payments.
Discounts for these homes might be in the form of upgrades
Mostly towards the end of a sales cycle, the builders are willing to negotiate with interested buyers. These negotiations are not primarily based on the price reduction but mostly on upgrades to the home.
For example, the builder can offer you an upgrade package for high-end appliances or better flooring.
If you’re looking for new construction in Bucks County, PA, or Montgomery County, make sure to contact me for a great fix. I’ll ensure I work closely with you to find an affordable home that you love.