Starting fresh with a new construction home
June 24, 2013
Buying “new construction” is a bit different from buying a previously-owned home. Because there is no previous homeowner, you don’t have to deal with a seller’s emotional tie to the property, which typically influences the negotiating process. When building a custom home or buying a home that’s built on spec in a new subdivision, you will work directly with the site agent and builder.
The Construction Process
Building a new home can seem a bit overwhelming, which is why we work diligently to make the experience easy and enjoyable by letting you know what to expect during the construction process.
Visit a model home in one of our neighborhoods. This will give us an opportunity to learn about your housing needs, price point, etc. This allows you an opportunity to learn the details of the individual community, the builder and the home, to familiarize you with the variety of floor plans and features available.
Once you've decided on the neighborhood and chosen a home site, our agents will go over the variety of standard options as well as upgrades you may want to include in the home. This process takes you to your final price. Once pricing is complete the site agent will prepare your paperwork (building contract, lot purchase agreement, final pricing and specifications, and community information). Upon signing these documents you will write a check for the earnest money deposit. In the event you have selected upgrades, additional monies may be due depending on the builder policy.
It is now time for you to visit a lender. While there are a variety of lenders in and around the area, we strongly suggest you use a preferred lender for the community. Towne Mortgage is the preferred for William E. Wood and Associates, Realtors®.
Once you have applied for your mortgage and have received a pre-approval, the builder will commence building your home.
Depending on your builder’s contract, the only thing left to do is to choose your selections! This is when your house starts becoming a home! The Site Manager or Builder Representative will guide you through the process of colors, floor coverings, counter tops, etc. The best part of this is you have already priced these items into the home, so there are no surprises!
OK, so you've secured a loan and made all of your selections. Now things really start hopping! Your home will be put on the schedule to start construction. While the home is under construction, please only visit with a scheduled appointment during business hours. You are more than welcome to go into the home at any time. If you have questions during construction, don’t hesitate to contact your sales representative, who will be more than happy to assist you.