Buying a new property is, in general, much more complicated than a regular transaction and in this case there are several important factors to follow.
In this new climate, in which we think about how much space we need to live, to work and play at home with the children, where developers have the advantage of greater demand for their services and in most markets the plots of land on which they are built are increasingly difficult to find, it is good to have a RE / MAX specialist on your side.
1. He works with a new construction agent.
You need to think carefully beforehand and decide who you will entrust one of the biggest investments you will make in your life. : the purchase of a home.
ARE / MAX real estate agent is on your side throughout the entire process and is motivated not just to make a sale, but to create the best experience for those involved in the sale or purchase process. Un agent RE/MAX, specialized in new constructions, familiar with all the options in the local area, knows how to handle all the challenges in this field.
2. Not all builders work the same way
Buyers can often be captivated by the beauty and uniqueness of a home when visiting a website. But remember, this does not necessarily tell you about the reputation of the developer or the quality of the construction. A RE / MAX real estate agent will be able to tell you how your developer positions himself on the market, as well as why you should consider it when you want to work with it.
It is very important to do your own research to create your own opinion about the developers you want to work with and to see how they position themselves in your area.. Ask some new homeowners nearby what their experience with their builder was like.. Of course, you will hear criticisms and points of view different from yours, but if the same opinions are repeated, don't think your experience will be any different.
3. The inventory is pretty tight now
Because of the recent pandemic, people realize that the space in their homes may not be as big as they thought it was before they were isolated, so the list of developers is a requested and often narrow.
It should come as no surprise that there will be fewer options than you initially hoped. You may need to consider building a house from scratch.
Finding the perfect solution requires patience and specific tracking activities that your RE / MAX real estate agent will do.
4. Prices are rising rapidly
A by-product of this ever-moving market is that developers have every reason to raise their prices to meet demand.
If buyers will secure the transaction now it is very possible that the investment of a substantial amount of money before the end of the contract will lay the foundations of their new home..
Read also: Secrets of a reliable real estate agency
5. Developers may not negotiate
Builders' negotiations are rare in times when demand is so high, do not expect these habits to change. Of course, they could provide some incentives to win your interest, but obtaining a personalized transaction will have minimal chances of materialization.
Remember, developers know they will sell their properties eventually, whether I'm for you or someone else. The more you want the more facilities or additional developments included in the project such as fences, custom accessories, etc. the less likely it is that the developer will want to complete a transaction.
6. Experiences can vary from developer to developer
Some developers are receptive, they are open to negotiations or suggestions and it is very pleasant to work with them, while for others, everything seems to be a waste of time. This is why a RE / MAX real estate agent will help you understand what you can expect from a developer and how to manage your expectations for a better relationship..
This may be the case for a developer who is not willing to use electronic signature technology to sign agreements. This can slow down a project by a few weeks and will make things very difficult if the buyer lives in another town or country.
7. There may be delays
If you build your property from scratch, then you should expect some delays due to the recent pandemic. Construction materials or other accessories can be purchased or delivered over a longer period of time, so it's best to plan this now. The human element of the project cannot be underestimated either. If one of your construction teams becomes infected with COVID-19, it is very likely that you will stop for at least two weeks.
8. Non-sales of current homes can be problematic
One of the biggest obstacles when buying a new building is having a house that you are trying to sell.. Due to the current climate and market, you should expect developers to be reluctant to work with someone whose property is not already in the pre-contracted stage or at least be listed as for sale.
Make sure you talk to your RE / MAX real estate agent about the exclusive representation of the seller for your current property.