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A lot of you may not know this, but I started my career inreal estate in new construction sales 6 ½ years ago. I've worked with one ofthe largest builders in the state of Idaho and my family has been building anddeveloping for the past 30 years. Today I’m going to talk to you about thefour biggest mistakes to avoid when buying a new construction home. Here theyare:
1. Not hiring a real estate agentWhen you go into a new construction project, what theydon’t tell you is that the sales agent on site is typically an employee of thehome builder. So if something were to go wrong in the transaction, the realityis they are going to protect the builder. That’s when you want somebody onyour side (an agent) representing your best interests.
2. Not doing your researchWhen you don’t do background research on the builder youare working with, you open yourself up to a lot of things that can go wrong.This is a big investment, so you want to do your due diligence making sure youhire the right person.
3. Not reading the fine printBuilders’ contracts are the most complicated contracts inthe real estate industry. Builders spend a lot of money on these contracts sothat they protect their best interests, so you want to be able to know exactlywhat the contract entails.
4. Not having a professional inspection doneBuyers we work with think that because a home is new with awarranty, an inspection is unnecessary. That’s an optimistic way of viewingthings, but you still want to make sure you have an inspection done becauselittle things come up all the time and whether they are intentional or not, youwant to make sure you are buying a fully functional home.
If you have any questions for us about buying new construction, please give usa call. Like I said, I have a lot of experience dealing with these types of transactions,and would be glad to lend you a hand.
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