Philadelphia, Bucks and Montgomery Counties Real Estate. Tips for home buyers, home sellers by Gita Bantwal,Realtor at Re/Max Centre Realtors.: Buying New Construction in Pa? Avoid making these mistakes that home buyers make.

Buying New Construction in Pa? Avoid making these mistakes that home buyers make.

1. Going to buy new construction without a buyer's agent. The builders's agent represents the builder. Remember to go with your agent when you go for the first time.  Once you are registered you can go by yourself . Different builders have different rules so check them out.  The agent can also  negotiate terms for you. See the consumer notice at www.parealtor.org/upload/assetmgmt/standard%20forms/PDFs/cn.pdf

 

2. Selecting too many options and then finding out your purchase price is much more than you had planned on spending on a house.  Make sure you talk to a loan officer to see what you qualify for before you put  down a deposit.

3.Not picking some options that might be really important to you and it might cost you too much money and inconvenience if you want to put it in later.  If you can afford it, you might want to pick some options that will help sell your house faster if you do have to sell in a couple of years.  Your agent can guide you about things that add value .

4.Changing your mind about floor plans and structural changes, once you have selected them. Most builders charge you when you make such changes, even though they may have not started construction.

5. Checking the reputation of the builder. There have been instances where the buyers have gone to a builder who did not complete construction or took more that 2 years to build.

Please read Five Biggest Mistakes Buyers make when looking for a house http://activerain.com/blogsview/163600/five-biggest-mistake-buyers

and the Advantages of hiring a Buyers agent   http://activerain.com/blogsview/100328.the-advantages-of-hiring

 

 

 

When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

IF YOU WOULD LIKE TO SUBSCRIBE TO MY BLOG         CLICK HERE   OR EMAIL ME AT Gita01@aol.com

 

Comment balloon 8 commentsGita Bantwal • June 10 2009 11:08AM

Comments

Well done Gita... it is so important for buyers to be represented.  I had a buyer who told me having the hardwood and stainless was more important to him than being represented.  He called back a few weeks later saying he had backed out of the contract while he still could because he realized he was clueless about what to do next.  He found another home and I represented him.

Posted by Joan Whitebook, Consumer Focused Real Estate Services (BHG The Masiello Group) about 9 years ago

Gita, You gave a list of some excellent advice, I do hope people follow it.  A buyer's agent is a MUST and checking the reputation of a builder are the ones that mostly struck a nerve with me.

Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher (Feng Shui Manhattan Long Island) about 9 years ago

Joan, Glad to read that he realized his mistake and came to you .

Carole, Thank you.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 9 years ago

Gita ~ checking the builder's reputation and talking to his recent clients is so important these days!

Posted by Maureen Bray Portland OR Home Stager ~ Room Solutions Staging, "Staging that Sells Portland Homes" (Room Solutions Staging, Portland OR) about 9 years ago

I had two friends in Houston who bought new construction and got so many options because they just got financed into the cost of house. Unfortunately, when they closed they didn't have any money left to buy furniture for the house, but they did have nice matching his and hers Corvettes.

Posted by Not a real person about 9 years ago

Russel, I hope they will live in the house long enough to see it appreciate in value and they got options that they love.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 9 years ago

Great list, Gita.  Excellent resource for buyers.  Often they get so caught up in the dream of new construction that they don't know the pitfalls.  Before I became an agent, I had a new home built and after we signed the purchase contract, my buyer's agent said to me, "Well now I'm just going to take a step back and you can work with the builder's agents!"  I wish I had known then what my rights were.  It was awful.

Posted by Kathryn Acciari, RSPS, SRS, REALTOR(R) Sturbridge-Shrewsbury MA (Cameron Real Estate Group) almost 9 years ago

Kathryn, it would be nice if buyers could go to model homes just like they come to our open houses.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) almost 9 years ago

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