GET REAL – Buying A Brand New Home

Lets Get Real! Buying a Brand New Home can seem like the easy option in today’s real estate market. Picking your finishes and having tons of incentives thrown at you by a big builder sounds like quite the treat!

But that’s not what my latest client experienced. He called me last month really anxious because he had lost trust in the nationwide company building his new home. The worst of it was the in-house lender that was supposed to be giving him a great deal in fact wasn’t and clearly were inept at doing their job.

I was able to offer him an interest rate comparable to the builder’s advertised “unbeatable” offer, and more importantly ease my client’s nerves by having someone they trust involved in the process. They are set to close today and move in just in time for the holidays.

Here’s the take-away…even when buying a new home you still need your own real estate and mortgage advocates. Remember, the sales office is employed by the builder, so who do you think they’re looking out for first.  I’ll give you a hint…its not you!  And these in-house mortgage companies created by the builders are operating as loss leaders to get buyers in the door, which means they are probably not compensating their mortgage consultants very well, which probably means you’re not working with the sharpest knives in the mortgage drawer.

So, if you are thinking of buying a brand new home in the coming year, hit me up before even heading out to their model homes.  We’ll discuss what you need to watch out for, and I’ll explain to you why having me involved in the process as either your REALTOR, mortgage broker or both is a huge benefit for you, and how you can have my representation services when buying a new home.