If you are looking into purchasing a newly constructed home in Williamson County in 2016, let The Spackman Group at Keller Williams / Franklin lead you to the RIGHT house at the RIGHT price.
There are new neighborhoods popping up all over in the cities of Franklin, Brentwood, Nashville, Mt. Juliet, Nolensville, College Grove, Arrington, Spring Hill, Thompson’s Station area – not JUST in Williamson County. Rutherford County / Murfreesboro is booming with new construction, also, as well as many of the sounding counties.
If you are in the market to purchase a new home now or in the future, no matter the geographic locations, we’ve compiled five tips as well as a potential pitfall to avoid.
POTENTIAL PITFALL / Buyers Beware: Many New Construction homebuyers, especially first time homebuyers, elect to use the builder’s agent to handle their purchase. Purchasing a home is one of , if not THE, largest transactions you’ll ever conduct during your lifetime. Builders have on-site agents. They are charming, well dressed, friendly, welcoming and very helpful. You’ll like them instantly (typically) and that’s why the are the Builder’s Agent. The builder wants you to feel comfortable making a new home purchase in their development.
TIP #1: DON’T BELIEVE THE HYPE – GET A REALTOR NOW! Great Realtors work hard for their clients. Of course, as in any industry there will be a few “bad apples.” So, interview a few candidates and go with your instincts. When purchasing a newly constructed home, you need someone in YOUR corner that is looking out for YOUR best interests, NOT the builder’s. No matter how wonderful the builder is (and we have some FANTASTIC builders in the Greater Nashville/Franklin area) their agent can’t represent their best interests while representing yours.
TIP #2: DON’T GO IT ALONE, EVEN IF YOU THINK YOU CAN. Unless you deal daily with real estate transactions, you are bound to be stumped somewhere along the way. Don’t take the chance of making an uninformed decision which could, and most likely will, result in serious financial losses. Realtor fees are paid by the seller , or in this case the builder, NOT the homebuyer. Utilize the experience and knowledge of a realtor. Not using a realtor doesn’t mean the builder will extend that savings to you. And even if they were prepared to do that for some reason, they do this for a living and you’ll end up spending more on upgrades and negotiations in the long run. Don’t overpay. Use a realtor.
TIP #3: SHOW UP PREPARED – your realtor should provide you with cards to hand out to open house agents or builder’s agents. These cards lets the other agents know you are already working with a realtor. Why is this important to you? It lets the other agent know that you are 1) currently being represented and 2) prevents them from nagging you – they can call your agent with questions and/or concerns.
TIP # 4: DON’T WAIVE THE RIGHT TO YOUR OWN HOME INSPECTION – just because the home you are interested in purchasing is NEW, doesn’t mean there aren’t issues that could come up down the road. Builder’s typically do give standard warranties on their homes. However, some items may not become an issue until AFTER the builder’s warranty expires.
TIP #5: ASK UPFRONT FOR A COPY OF THE BUILDER’S WARRANTY. Memorize (well, maybe not memorize) and be aware of what the builder’s warranty covers and anything you may do, unknowingly, to void it. Knowledge is power.
Do you know what’s available to you as a new construction home buyer in Middle TN? We’ve got the 6 GREAT NEW NEIGHBORHOODS in Williamson Co. you’ll want to know about before you begin your search. Contact us for more info. Or visit our website to begin your search. http://www.thespackmangroup.com/search/advanced_search/
Purchasing a home, whether new construction or a previously owned home, can be a very positive experience. Don’t let misconceptions cost you big dollars. Hire a realtor you feel comfortable with and look to them to guide you through the homebuying process.
Contact Kate Spackman our Buyer’s Specialist today for more information (615) 840-2692 or email@example.com or visit our website to begin your home search today. SEARCH NEW HOMES HERE
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