Debunking Myths About Newly Built Homes

There are a variety of opportunities in the Phoenix Real Estate Market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.

 There seem to be a lot of misconceptions out there about newly constructed homes, at least according to the questions we have been getting. We want to clear some of those myths up for you today so you can get a better understanding of how you should go about purchasing a newly built home. 

1. Why use a buyer's agent?

Well, hiring a buyer's agent will help you out immensely, especially with newly built homes. The builder's representative, the listing agent, is only interested in selling the home for the best price for the builder. You want someone on your side who can negotiate for you and read through that dense contract to make sure you aren't making any unfair concessions. We have relationships with these builders and know what they can and can't do in terms of a sale price. 

2. Can't you save money by not using a buyer's agent?

 This is another common misconception. We can always negotiate a much better deal for you than you can yourself. This is our profession and it's what we get paid to do. We want to get you the best possible deal.

3. Are new builds negotiable?

 Yes, some are. We want to touch specifically on spec homes, or homes that are in the process of being built or are already built. A lot of times, these homes have custom options already put in, so the listing agent will discount them to get the homes sold. 

4. Does my buyer's agent need to be present for the first visit?

 This is probably the most important tip. If you sign up with a builder right off the bat without talking to your agent first, you are waiving your right to representation. You want someone on your side to review that contract and make sure it is beneficial for you.

If you have any questions, or know someone who is looking to buy or sell real estate in the next 30-90 days, let us know. Give us a call or send us an email and we would love to help you out. 

How to Have a Successful Closing

There are a variety of opportunities in the Phoenix Real Estate Market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.

 It's tough enough nowadays to get a mortgage, but we have seen a lot of similar mistakes that have been preventing people from getting a mortgage in order to buy a home. Here are 10 tips on how to keep your mortgage in place and have a successful closing:

1. Don't change your job

 Don't quit your job, either. It will negatively affect your ability to get a loan

2. Don't cosign for anybody

 Any small credit change could affect you in the long run

3. Don't buy a vehicle

 Unless you plan on living in it, that is. Buying a vehicle can negatively affect your credit to the point that you probably won't be able to buy a home anymore. 

4. Don't use credit cards excessively or miss your payments

5. Don't spend money that's set aside for closing costs

6. Don't lie or mislead on your credit application

 The smallest little change can affect you

7. Don't buy new appliances

 Buying furniture, appliances, or other household items could set you over the edge on your credit. 

8. Keep your credit the way it is

9. Don't make large deposits, talk to your lender first

10. Don't pay off collections or charge offs.

Bottom line, always check with your lender before making any changes to your credit, no matter how small they seem. Staying on top of your credit now will only help you in the future. 

If you have any questions for us, please feel free to call or send us an email. We'd love to answer them for you.