Buying New Construction

Start by finding a good and experienced local agent. Avoid agents who are affiliated with the model home builders. It’s extremely important to work with someone who will represent your best interests without compromise. Your agent should be able to advise you on how to make the right choices. Ensure that he/she checks the construction site’s registration policy before visiting the model home at your own convenience.

Don’t expect builders to be lenient when quoting their prices. It is upon you to use your creativity during negotiation. Trust your agent to conduct extensive research on the builder’s negotiating power or weaknesses when selling previous model homes. Capitalize on their weaknesses to make things go your way. Play your cards well and you’ll close the deal at a discounted price.

Consider doing your homework on lenders. Never seek financial muscle from the same lender as the builder for your own good. Get a pre-approved loan from a reliable lender at competitive fees and interest rates. Ensure that your agent checks out for any possible contractual complications, special offers or promotions offered by your potential lender before making your final decision.

Buying new construction in Tucson or anywhere else for that matter requires everything to be put down in writing. Don’t assume that since you’re buying an incomplete home that documentation is unnecessary. Don’t trust verbal agreements. Instead; insist on having everything spelled out in writing including deadlines for the completion of projects. Let your Tucson real estate agent review the purchase agreement documents in advance then ensure all parties have signed for them to be binding.

Don’t gamble with your investment. Find a good local home inspector to assess the new construction thoroughly before making the next step. An inspection will reveal whether you are getting value for your money or not. Inspecting the model home also ensures that it has all the necessary standard features and meets the set standards/codes of construction. Lastly; an independent inspection gives you an opportunity to terminate the agreement if you’re not happy with the results.

Be sure to ask for a guarantee lest you get played. Buying a new construction needs a guarantee that your home will be completed on time. There should also be an agreement stating what action will follow should the builder miss the set completion deadline. Signing a purchase agreement document should always be a priority.