3 Things You Should Know About Buying a Brand-New Homeby Kevin Smith Author
If you’re in the market for a brand-new home to call your own, there are a few things you need to know first. Buying a new home is a bit different than buying a previously lived-in home, and it requires more time, patience and, of course, the capital. Furthermore, there just aren’t as many new homes as there are old. If you’re interested in new home designs in Lemont, and if you’re hoping to stake your claim to a new-new home as opposed to a new-old one, consider these three things to determine if buying new is really right for you:
New Homes Are Often Sold Before They’re Built
Most home builders won’t construct a new dwelling without first ensuring that they have a) the capital to finance it and b) a guaranteed buyer. Otherwise, they risk building a home that will just sit empty and end up costing them a pretty penny. To prevent this, builders aim to sell as many homes as possible before construction begins. To accomplish this, they build model homes and allow potential buyers to review layouts and select fixtures and finishes before they even break ground. Some contractors will even require that potential buyers submit proof of pre-approval before any contracts are signed.
First Buyers Often Get the Best Deals
When new home designs in Lemont go up for sale, they often go up for sale in groups of 10 or 20 homes—even if the builder promises to build 100 new homes. If the first group of homes does well-meaning if they sell quickly and at asking price—the builder may raise the price on the second group of homes. Additionally, to get early buyers to sign contracts, the builders may offer steep discounts on the first set of homes. This serves to stir interest in the new community as well as to have positive news to report back to their investors. For these reasons, the first buyers often get the best deals on new homes.
New Homes Aren’t Always Listed
New home builders generally don’t work with real estate agents. Instead, they hire a team of advertisers to work onsite and to promote the new listings via website, social media, billboards and newspaper ads. If you’re interested in new home construction and your real estate agent doesn’t have anything to show you, consider looking online or in the paper.
Buying a new-new home is a bit different than buying a new-old home. If you have your heart set on the new home designs in Lemont, keep the above in mind so that you know what to expect and to ensure a smooth home-buying process.
Created on Dec 31st 1969 19:00. Viewed 0 times.