Going into a New Home Builder’s office is exciting – until they run the numbers and pull out all the paperwork. Here are TWO HUGE REASONS not to go into a builder’s office without your own Realtor to represent you and your interests.
Using Troy Elston as your buying realtor costs you nothing.
The new home seller pays for it. When you choose a Realtor, by LAW, that Realtor legally has a fiduciary duty (the highest responsibility) to get you the best deal, the most favorable terms, and look out for your best interests. Realtors are overseen by your State Real Estate Commission, are professionals and are there to advise you for FREE. If you do not have a realtor with you, you are going in blind and are severely at a disadvantage in contracts and negotiating with sellers (including builder representatives). If you intend to hire a Realtor, you must do so before walking into the property the first time. Make sure you take that Realtor with you. If the seller or home builder will not recognize your Realtor, go elsewhere.
Hire Your Own Home Inspector
I highly recommend you hire a professional home inspector immediately after the offer is accepted on any house you buy. Be sure that you have a home inspection contingency written into your offer. Your Realtor will fully explain what it is and why it will protect you. Do not listen to the builder giving you their spiel about “how you don’t need a home inspection, that it is a new home and what could go wrong, don’t worry etc.” There is plenty of that can go wrong! It is YOUR hard earned money & it is up to you to protect your investment. You have a right to hire a home inspector and you should not skip this most important step. Many new home buyers are plagued with problems from the start and had to hire a home inspector just after signing the contract.The buyers could have started all their inspections at the beginning of the building process. Generally, the home inspector will do at least 3 inspections while the home is being under construction:
1) The first inspection is after the framing is complete
2) The next is the pre drywall inspection which inspects the wiring, plumbing, HVAC and all other exposed work before it is closed up in the wall. once it is closed up, obviously you cannot inspect it -That’s why you want to hire your home inspector early in this process.
3) The last is the home inspection before you go to closing.
I do not recommend closing until after the builder corrects any major problems – if there are any. I don’t care what they say. Builders can jump up and down and threaten all they want. If you have a significant problem, the builder may never repair it if you don’t insist on them fixing it before closing. If you have a major disagreement, seek the advice of an attorney immediately.
Regarding Home Inspection –
Make sure you use a home inspector who is licensed, bonded, insured and a member of American Society of Home Inspectors (ASHI). ASHI has a website. You can look up information there how to find a home inspector in your area and learn more about the home inspection process.
*** Do not under any circumstances use a home inspector recommended by the builder!
For more information on where you can find a great home inspector, contact me at the link button below.