Expert advice on new construction purchases
While touring newer neighborhoods seeking new construction, having a knowledgeable Realtor on your team is vital. will help you navigate the seeming infinite number of new homes today to locate one that's a match for you.
Buyers of new construction in a neighborhood don't like to see houses sold after theirs go for less money. Knowing this, the builder or developer often won't 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.
You can always ask for assistance in other ways when purchasing new construction. For example, closing costs are one way for you to save without lowering the price of the house. The same goes for amenities - ask for things an allowance for window treatments, a garage door opener, a fence or landscaping, or an extended home warranty.That can go the other way around, too. If upgrades are already in the plan, see if you can get the builder to take them out - you might be able to install them later yourself at a savings anyway.
Just because a house is brand new, it can still have its share of flaws. 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 RE/MAX Suburban, I'll make it my #1 priority to find you a new home that meets your needs and fits within your budget. Give me a call at 636-812-4400 to start the search for your new home today.