Lakewood Ranch Real Estate | 5 things to NOT do when buying New Construction | Tips for Buyers!

There are many do’s and don’ts when it comes to real estate. Buying new construction may be something you have never experienced before, and there are a few ways to make the process easier. One of those things, is working with us! 😉

There are also a few things you want to avoid, not do, and not be fooled by throughout this process.

Today, we share 5 of the things you want to not do when buying or building new. If you have any questions on this information, we are always here to help!

See the full blog post with more info here: https://www.soldbychenkus.com/our-blog/5-things-to-not-do-when-buying-or-building-new-tips-for-buyers

5 Things to Not Do When Buying or Building New

1- don’t sign anything or fill anything out

When you visit model home sales centers, there is usually a form that the salespeople want you to fill out in order to register. This form captures your personal contact information and might ask some general questions about your home search. Don’t feel pressured to fill it out!

2 – don’t share any personal info or opinions

When looking at the models (or any home) don’t share your personal information or opinions in front of the salespeople. You want to put yourself in the best position to negotiate and revealing all the details about your financial situation, timing, and thoughts about the house could weaken that position. Definitely share that information with your realtor privately, but don’t have those candid conversations until you are alone.

3 – don’t expect the traditional real estate contract

If you have bought or sold real estate in a traditional resale transaction, there may have been a state-wide or commonly used contract that all realtors were familiar with for those residential transactions. However, when you go the new construction route, each builder has their own unique contract that they utilize. Your realtor should be able to review this with you and point out the important details and differences at this phase in the transaction.

4 – don’t be fooled by the “base price” / don’t expect your home to look like the model

We have mentioned it in previous videos but to recap, the price listed on builder websites and advertised on signs around the community is the “base price” of the home. If it were delivered empty with basic interior finishes and floating in the air, that would be the price.

If you want to actually build on planet earth, there are additional costs like the lot fee, interior options and upgrades, pools, etc. So that initial price is very misleading.

5 – Don’t discount the element of timing and how important it is

Real estate transactions follow a process and have many steps. From start to finish, timing is very important. That includes the timing of finding a community you love, building the house, selling your current house, making design choices, moving in, and everything in between. All of those steps are like dominoes and if one gets stuck or doesn’t fall in the right order, it de rails the entire process.

All in all, the process of buying or building new can be confusing and overwhelming, so it helps to work with a great realtor who understands it, can help make it less stressful, and has your best interests at heart. This video shared some things to NOT do, but one of the most important things you CAN and should do is find a great agent to work with.

If you’re looking for a home in Lakewood Ranch, we would love to be that agent for you!

We would love to talk to you about Lakewood Ranch, Florida real estate!
Email us: Contact@chenkus.com
Follow us on social media: @soldbychenkus

Thanks for watching!

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