Sunday, April 24, 2016

New Home vs A Resale


Pretty much the only difference in buying a new home as opposed to buying a resale home is, with a new home of course, you will be the original owner not concerned about the previous owners care or lack there of.    With a new home, the seller is the builder who does not have emotional ties with the selling or negotiating the sales price, like with a previous owner who may need to net a certain amount.  Most times in order to move the last few homes in a community, the builder will offer "buyer's incentives" in lieu of reducing the sales price.  These incentives are often in the form of upgrades in appliance packages, floors or cabinets.  Generally the builder of a new home will pay closing cost only if you use their approved lender.

With either a new home or a resale home, the real estate agent on the for sale sign  is working for the seller or the builder. To ensure you get the best possible negotiation either on price, closing cost or incentives, always work with your own agent.  Your buyers agent will keep explain the entire process from contract to closing on buying a new home

The fee of the buyers agent is almost always paid by the seller, so why wouldn't you take care of yourself by working with your own agent ...after all the seller has their own agent!









No comments:

Post a Comment