Wednesday, December 4, 2019 / by Drew Nicoll
10 Ways to Save Money When Buying a New Home
Although most homes for sale are re-sales, one out of four home-buyers purchases a new home. Which is better: existing or new? The right answer, of course, is up to you. Both re-sales and new homes offer advantages. Existing homes are less expensive on average, and are generally closer to, and enjoy the warmth and surroundings of established neighborhoods, often with mature landscaping.
New homes, on the other hand, offer innovative use of space, greater energy efficiency and choices of options and upgrades. Everything is new and modern.
Most people consider both new and existing homes before they decide to purchase. A new, special insider report titled "New Homes - 10 Tips to Save You Time and Money" has just been released which identifies 10 invaluable tips to save you time and money when purchasing a brand new home. Also revealed are little-known buyer advantages that most builders may not tell you.
Should you be thinking about buying a new house, here are 4 of the 10 points to consider before you visit your first model home.
1. Get in Touch with Your Agent. Before you visit your first model home, sit down with your agent and do your homework. You’ll want to be prepared so that you can determine a comfortable price range for your new home. Determine a Comfortable Price Range If you own a home, you’ll first need to know the net proceeds from its sale in order to determine how much cash you’ll have to work with. Don’t simply estimate this but carefully calculate every possible selling cost. If you’re a first time buyer, you’ll need to first qualify your income. Determine the size of your down-payment, then work out a monthly debt load so you can determine a comfortable price range.
2. Sellers’ Agents Versus Buyers’ Agents. Here’s a good point to remember. The sales agent in the model home represents the builder, not you. They are known as sellers’ agents. As a buyer you can work with a buyers’ agent at no additional cost. It’s his/her business to best represent your needs by being knowledgeable about home construction, warranties, financing, differences in pricing, quality, even lot selection so that you get the best value for your money.
3. A Builder For All Reasons. Like all tradesmen, builders vary in their fields of expertise. For example there are builders who specialize in craftsmanship, others who are known for their innovative use of space, and those who offer below-market financing or customer attention during construction and after move-in. Determine your own specific needs or preferences then shop around for a builder that will best address your requirements.
4. Get the Facts About Your Builder. Before making a final decision, it is wise to check out the reputation and financial strength of the builder. Get “spec sheets” on home features covering everything from floor plans to energy efficiency, including lot availability and delivery of your home.
So, there are 4 of the 10 points, in an effort to draw attention to this very important topic. If you'd like to see all 10 of these little known facts, I have put together a FREE Special Report titled “New Homes - 10 Tips to Save You Time and Money" which explains these issues in greater detail.
You can grab a copy of that report for free by visiting:
www.TheNicollPalliniGroup.com/seminar_newhomes or give me a call at 707-380-8057.
Thank you for watching this week’s video, and Go Serve Big!
The Nicoll Pallini Group
Your Home Sold Guaranteed or I'll Buy It! So, if you or anyone you know is considering making a move, feel free to give me a call or pass on my number! 707-380-8057