Looking for new construction?
It's essential to have a savvy agent as your partner when shopping for new construction, and is here to help you navigate through your options in the area.
In real estate, you can always negotiate. However, with new construction, it depends on the builder and how long the home has been on the market. Developers in new additions don't like taking lower than their asking price because buyers already in the area expect new construction to be comparably priced to what they already purchased. (You'll appreciate that same courtesy if there are undeveloped lots near the home you eventually purchase!) But, depending on how far along the project is and what the market is doing at that point in time, a developer will often allow a few concessions.
Consider a home has been on the market a while and the builder is deeply invested, 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 recently completed, it's unlikely you'll get a deal.
In cases where a builder won't budge, try getting a break in other areas. Ask for them to pay a share of the closing costs, or extra amenities, like an allowance for window treatments, a garage door opener, a sprinkler system or landscaping, or an extended home warranty.Or take the contrary route. If a home is nearing completion, you can often save money by passing on suggested upgrades from the builder and installing things yourself.
While you should always negotiate a home warranty so problems can be fixed, it's also imperative you get a home inspection before closing. 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.
Finding you a new home that meets your needs and matches your budget will be our #1 goal. Give us a call at (203) 814-8247 to start the search for your new home today.