Monday, April 4, 2011

New Construction and Value of your Realtor

If you are thinking of building a home (custom or high volume builder) lean heavily on the services of your preferred Realtor! This is not the scenario to venture into a real estate transaction without your Realtor, quite the opposite. It is so easy to 'walk' the site during construction and have a conversation with the builder or builder rep regarding an upgrade which gets lost at the end. And while you are crazy busy working hard to fund this new home it is super easy to lose track of time and forget to schedule that 'phase inspection' you want done on the foundation or rough plumb. Having your good preferred Realtor there throughout the process supports documentation and procedural aspects to construction of a home. Having a paper trail for those promised upgrades is vital. And if there is situation that requires a re-negotiation what better person that your preferred Realtor to help. The Builder gets so overwhelmed with the details and without bad intention can forget what was promised. Last, DO NOT CLOSE UNTIL YOUR FINAL PUNCH LIST IS SATISFACTORY! Do not go to closing and sign the closing documents unless you are ok with what is remaining. If this list is short and simple and within reason, just be aware it might never be attended to. And if the final 'touch ups' / repairs do get attention, is is possible to not get the best of service or work AFTER you have funded the project. This is not a shot at the builder, they get swamped and over whelmed with all the details of the new homeowner (and they have just a few emotional home owners).

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