5 Critical Things New Home Builders May Not Tell You
The market may be slowing down, but there is always a need for new homes. Being able to afford a new construction built in Colorado instead of getting something already lived in can be a worthwhile and exciting venture.
However, a lot goes into the process that builders don’t always disclose. Keep reading and find out five things that new home builders may not tell you!
Builder Purchase Contracts are Not Approved by the State of Colorado
These are generally prepared by the builder’s attorneys and may have a potential bias that helps them more than their buyers. Be sure to always have an attorney around to review the contract, as well as to help explain any potential and significant consequences involved.
Builder Contracts Almost Always Include the Ability to Make Substitutions
Chances are that a builder contract will give them the right to make substitutions to a home build as they see fit. However, as long as it is not too late in the process, builders will seek to accommodate the concerns of their clients. Therefore, it’s important to stay in close contact with any assigned representatives and to inspect the progress being done on the property frequently.
The People Working at the Sales Office are Salespeople for the Builder
Just because the people on the phone at the sales office are friendly and helpful, they are trying to make a sale for the builder. They are not representing anyone other than them and are likely not going to be trained, real estate agents. They’re going to want to close a smooth deal to get onto other ones, so it’s in everyone’s best interest if conversations are informed and purposeful.
Builders Do Not Have to Disclose Every Problem That Arises
Sometimes, not disclosing potential problems that arise in a build is helpful. There’s no reason to worry a client for something that is easily fixed. However, there are also issues that might be relevant and worth knowing. It’s recommended to bring someone
knowledgeable about construction to every inspection and to ask representatives how things are going. Chances are, they want to brag about problems they have managed to solve.
The Price is Likely to be the Same Whether or Not a Real Estate Agent is Involved
Just because you’re not working with a real estate agent doesn’t mean the builder will discount your home. The surefire way of saving big on your new home is by working with a buyers’ agent like Buyers’ Slice Realty. We essentially “unbundle” the services of a
traditional realtor, offering only what you need and splitting the costs with you at the closing table.
Be Sure to Check Out Buyers’ Slice Realty
There is nobody like Buyers’ Slice Realty when it comes to the best way to save money on a new home. We represent buyers looking for new home construction, help with making the offer, complete the paperwork, and close the deal.
• Here are some additional details regarding Slice Realty:
• Happy to discuss needs and objectives
• Can work with existing homes
• Typically takes two-thirds of builder payments and credits back to the buyer at closing
• Maintain a low overhead
• Saves time
• Positive client relations
• Stays out of the middle and allows clients to work directly with the builder
• Available as needed
• Savings Certificates are available
Be sure to inquire early on in the building process to ensure the best rates and to get the most of what Buyers’ Slice Realty has to offer. Ready to save big? Contact Buyers’ Slice Realty to learn more!
Conclusion
Buying a home can be a stressful process. Waiting for a home to be built is another layer of stress, but at least it’s exciting to know that it will be brand-new and potentially custom.
However, there are a few things that new home builders don’t always make all that clear.
Thankfully, companies like Buyers’ Slice Realty are here to help provide tips and real estate assistance during the whole process for clients residing in or moving to Colorado. Chances are that the price is going to be the same regardless of whether or not there is a real estate agent involved, so might as well get help from one of the best!
