New construction

While exploring newer developments looking for new construction, having an experienced Realtor on your team is important. will be your guide when navigating the seeming infinite number of new homes today to pick one that's perfect for you.

People that buy brand new homes in a development aren't happy when the homes that sell after theirs fetch a lesser price, so builders aren't as apt to bend on price. (You'll appreciate this behavior after you've bought a home in the development of new construction!) Regardless, depending on the market and the status of the project, there's sometimes room for negotiation.

For example, if a property has been on the market a long time and the builder has a lot sunk into it, then you have some room. The same goes for show or model homes that have been sitting for a while. However, if a home was just completed, it's unlikely you'll get a deal.

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 contract, see if you can get the builder to omit them - you might be able to install them later yourself at a savings anyway.

While you should always negotiate a home warranty so problems can be fixed, get a home inspection before your purchase regardless. Inevitable problems can be repaired (by the builder) before you move in and larger problems identified before it's too late. Since an inspection is relatively inexpensive, some new home buyers get an inspection after being in the home for 10 or 11 months - that way, the builder can make the repairs before a 1 year warranty expires.