Coldwell Banker-Burnet knows new construction
When scoping out newer additions looking for new construction, having the right agent on your team can be the difference between a good home buying experience and a bad one. will be your guide when navigating the myriad of new homes today to find one that's perfect for you.
In real estate, negotiation is always an option. However, with new construction, it depends on the developer and how long the home has been available. Developers in new additions don't like taking lower than their asking price because buyers already in the area expect new construction to be comparably priced to what they already purchased. (You'll appreciate that same courtesy if there are undeveloped lots near the home you eventually purchase!) But, depending on how far along the project is and what the market is doing at that point in time, developers have been known to allow a few concessions.
For example, if it's a recently completed home, you have little to no negotiating powers. But if the home has been sitting fully furnished, like a show or model home, and there haven't been many offers - then the builder might be willing to work with you. The longer the home has been on the market, the more the builder has invested.
You can always ask for assistance in other ways when purchasing new construction. For example, closing costs are one way for you to save without lowering the price of the house. The same goes for amenities - ask for things an allowance for window treatments, a garage door opener, a fence or landscaping, or an extended home warranty. That can go the other way around, too. If upgrades are already in the plan, try to get the builder to omit them - you might be able to install them later yourself at a savings anyway.
Realize that just because a house is brand new, it doesn't mean that it is immune from needing repairs. Be sure to get a home inspection before purchase so that issues are handled and also negotiate a home warranty. Then, about 10 or 11 months after purchase it's worth it to pay for an inspection and get anything else repaired before the warranty expires.
At Coldwell Banker-Burnet, I'll make it my #1 priority to find you a new home that meets your needs and fits within your budget. Give me a call at
651-343-2557 to launch the search for your new home today.