Posted on: 11 February 2021
New is often synonymous with better and nicer, new home construction is no exception to this concept. For this reason, many buyers are giving new builds a second look. Should you decide to investigate your options in a new build, you will want to be more than prepared for the exciting, yet critical model tour.
1. Get an Agent
Builders will generally require you to complete a contact card before they allow you to tour the unit. As a part of the information request, they will ask for your real estate agents' information. The issue is that some builders will transfer the information you listed on this form to your contract,
If you did not have an agent listed, you will also be unable to list an agent on the sales contract. Therefore, in the event you secure an agent at any time thereafter, the builder may not be liable for paying their commission fees. You instead may be responsible.
2. Request a Price List
You should not assume that anything you see in the model is standard with a new home. Builders work with professionals who are experts in making a home look awesome. As you would imagine, they go above and beyond when it comes to the features they include.
From the upgraded baseboards to the marble backsplash, you want to get a price list for all the upgrades. However, if you have an agent, they may be able to get you this information before your tour and even negotiate with the builder to see if any of these upgrades can be added to your home for free or at a reduced cost.
3. Ask for a Spec Home Tour
Even after you have visited the model tour with the upgrade price list in hand, you may also want to request a spec home tour. Spec, or inventory, homes are houses the builder designs and builds, and sells without input from the buyer.
Sometimes, buyers are surprised that although the spec home may not have as many upgrades as the model home, it still has a design they like. As a result, they can save money on unnecessary upgrades. Your agent will be able to schedule this tour for you.
Real estate agents are well-versed in new construction, and they will use their knowledge to ensure your tour of the model home is helpful and ensures you have all the information you need. Keep yourself protected with an agent on your side.
Reach out to a local real estate agent if you are interested in new construction homes or want more information.Share