Whether you are downsizing or needing to expand the space you live in,buying a new house can be a tremendous task and you may be asking yourselfwhere to begin in the process! If the decision has been made to purchase a newbuild home, there are a few important things to have in place ahead of time fora smooth progression through the house buying journey.

The first important thing to secure is an experienced Realtor. The realestate agent will have a wealth of knowledge when it comes to locating the bestnew build projects for you and your family. They will also bring with themtheir experience in negotiation on price of the selected home and land lot youare interested in. More importantly, the Realtor will provide assistance withthe purchase agreement and.

The best time to buy a newly built home, is at the start of the project.Typically the homes and land lots are priced lower at the beginning of theproject and increase throughout the building process. Prices are set based onmarket trends which will provide your Realtor with leverage in terms ofnegotiation. When a home and lot are selected, the real estate agent willprovide guidance during the signing of the agreement with the builder. Theterms of the agreement are important and should be verified by a real estatebroker as their expertise will prove invaluable in establishing therelationship with the builder.

The next important item to have is a mortgage approval letter as this willsave you time. The approval letter will notify you of the mortgage amount youare approved up to as well as an idea on the monthly payment. There is nothingmore frustrating than to discover the house selected is outside of the budget!Your Realtor will be able to provide you with trusted lender contacts from whomyou will be able to obtain an approval letter if you have not done so already.

It is also important to have information about the builders’ reputation.Discovering the experience of others with a given builder can be a determiningfactor as to whether you would like to do business with them or not. Therelationship with the chosen builder is imperative and should be establishedfrom the beginning to show support for the quality of the product throughcompletion and after.

The purchase of a new build home is an exciting event. From selectinggranite and cabinet style to paint and carpet color. Allow us to provide youwith over 20 years of experience in the real estate business to provide for asmooth and stress free transaction. Our job is to do the heavy lifting so youcan focus on the fun aspects of buying and moving into your new home. 

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This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.