Need-To-Know for New Home Buyers

By
Real Estate Agent with RE/MAX Masters

 

Arizona has always had a strong market for new homes, and after the recession, new home sales are finally starting to rise.  Many people desire homes customized just for them, and new homes provide a great opportunity for this.  However, there may be some pitfalls during the building process.

While many homes are built correctly, there will be the occasional homes that are not.  Unhappy buyers that are tempted to go straight to a lawsuit for the construction defects may be shocked to find their claim dismissed because they missed some important steps.

Firstly, any claim for a construction defect in a new home requires that you send notice via certified mail to the home builder.  This notice must specify, in detail, the nature of the defect and be sent at least 90 days before filing any lawsuit.  You also need to provide the builder with the time and opportunity to fix the defect.  This includes allowing the builder to complete their own inspections and propose repairs. Only if the home builder and the buyer cannot reach an agreement, may the buyer file a lawsuit.

Representation is critical during the home building process – many buyers are surprised to learn that the on-site agents that draw up the contract are not working for them. Those agents are skilled at getting the best price and terms for the builder, at your expense! Don’t you want someone who will look out for your best interest?

At The McKinley Group, we provide experienced and knowledgeable representatives who look out for YOU. We make sure that the home is properly inspected and will be there at every step of the home building process.  This representation is provided at no cost - contact us at today 480-355-8645 to see how!

 

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Topic:
Home Buying
Location:
Arizona
Tags:
new builds
new homes
gina mckinley
buyer tips

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Rainmaker
585,362
Joy Daniels
Joy Daniels Real Estate Group, Ltd.

You are so right - the builder reps are very good at making a buyer feel represented. . . but they are NOT!  I always tell my buyers to tell all representatives at new home communities they have an agent!

July 26, 2012 06:28 PM
Rainmaker
280,308
Terkel Sørensen
Realtor, 951.805.0773 , Bank owned and Short Sales
Real Estate Places

Good info Gina - and spot on, you should have a few people read this!

July 26, 2012 06:37 PM
Rainmaker
686,796
Kwee Huset
Venice Florida Homes For Sale
Kwee Huset Realty

Hi Gina, great information keeping buyers informed and educated. Congratulations on the FEATURED.

July 26, 2012 07:07 PM
Rainmaker
773,757
Mike Cooper
Your Winchester, VA Real Estate Pro
Winchester Real Estate Sales, Cornerstone Business Group Inc

Gina, thanks for the AZ info.  Now you've got me wondering what the VA process is.  I will make that a must learn next week.  Thanks for helping me learn something I need to learn.  8=)

July 26, 2012 07:16 PM
Rainmaker
1,033,426
Joan Whitebook
Consumer Focused Real Estate Services
BHG The Masiello Group

It is very unfortunate that buyers don't understand that the builder's agent is looking out for the builder and not for the buyer.. You hit it on the head   "many buyers are surprised to learn that the on-site agents that draw up the contract are not working for them. Those agents are skilled at getting the best price and terms for the builder, at your expense! Don’t you want someone who will look out for your best interest?"

July 26, 2012 07:43 PM
Rainmaker
973,701
Sharon Alters
Your Fleming Island Relocation Agents.
Coldwell Banker Vanguard Realty

Gina, this is such great information for Arizona buyers of new homes and for readers in all states!

Sharon

July 26, 2012 08:54 PM
Ambassador
1,288,824
Praful Thakkar
Andover, MA: Andover Luxury Homes For Sale
Keller Williams Realty

Gina, thanks for sharing tips on how to follow up (and go after builders...lol)  when defects are found in a new home.

July 26, 2012 10:21 PM
Rainmaker
213,018
Tom Bailey
Crystal Coast Realty & Home Services, LLC

Gina, Good post. All of these problems can usually be avoided by independent Inspections before closing.

July 26, 2012 10:30 PM
Rainmaker
891,596
Michael Setunsky
Your Commercial Real Estate Link to Northern VA
Michael's Commercial LLC

Gina, a case where the buyer has to have their facts together before filing a lawsuit.

July 27, 2012 05:43 AM
Rainmaker
1,201,260
Richie Alan Naggar Author PEARLS SERIES of books
on LIFE and LOVE plus Real Estate too!
People first then business! Ran Right Realty Riverside, Ca

I sat tract homes and loved it when buyers had agents. If not, I looked after their interests...A happy buyer makes for good referrals...

July 27, 2012 07:13 AM
Rainmaker
589,553
Margaret Goss
Chicago's North Shore & Winnetka Real Estate
Baird & Warner Real Estate

I also just wrote about how important it is to get your own representation.  Too many naive buyers think they can get a "better deal" working with the listing agents.  This is decidedly untrue, especially when it comes to new construction and agents working for the builders.

July 27, 2012 07:15 AM
Rainmaker
494,819
Chris and Dick Dovorany
Broker/Associate at Premiere Plus Realty
Homes for Sale in Naples, Bonita Springs and Estero, Florida

Good information.  Realtors are needed even when you are negotiating your custom built contract. 

July 27, 2012 07:16 AM
Rainmaker
937,269
Adrian Willanger
Profit from my two decades of experience
206 909-7536 TheHomeFunnel.com

Gina, Really good advise for new home buyers they really need to have someone representing them in when purchsing a new home. 

 

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July 27, 2012 09:27 AM
Anonymous
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Rainmaker
204,800

Gina McKinley

ABR, CIAS, CDPE, CRS, SFR - Chandler, Gilbert, Mesa, & Scottsdale
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