TMR Realty, Inc. knows new construction
While scoping out newer developments hunting new construction, having the right agent on your team is vital. is here to help you navigate the sea of new homes today to find one that's been built for you.
Buyers of brand new homes in a neighborhood aren't happy when the homes that sell after theirs fetch a lesser price, so builders aren't as apt to bend on price. (You'll appreciate this behavior after you've bought a home in a development of new construction!) Regardless, depending on the market and the status of the project, there's sometimes room for negotiation.
For example, if a home has been on the market a while and the builder has a lot sunk into it, 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 finished, it's unlikely you'll get a deal.
In situations where a builder won't budge, ask for assistance with other aspects of the transaction. 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 fence 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.
Just because a home is brand new, it can still have its share of flaws. Be sure to get a home inspection before purchase so that issues are handled and also negotiate a home warranty. Then, about 10 or 11 months after purchase it's worth it to pay for an inspection and get anything else repaired before the warranty expires.