Thursday, May 12, 2016

6 Critical Questions to Ask When Buying New Construction

http://www.msn.com/en-us/money/realestate/6-critical-questions-to-ask-when-buying-new-construction/ar-BBsOGhG

Recently I witnessed an unfortunate dispute with a new construction builder with someone I know.  I learned to be more inquisitive to new construction builders, especially if they are not as well known or have a history in the area.  It is important not to assume because it is new home that it will be a smooth process. It is also important to read the contracts you are signing with them, they are usually not as friendly towards you as the buyer and more geared towards protecting themselves should errors occur.  Many times the process is seamless but always be prepared and know what you have signed!

Can you connect me with some of your past clients?
What financial incentives do you offer for using your preferred lender and title company?
Which are the standard finishes?
What are your long-term plans for the community?
What are the homeowners association rules and regulations?
What warranties do you provide?

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