builder: Can I Get A Better Deal? By Dan Polimino.
- 11/25/13 09:26 PM
Happy Thanksgiving Everyone! I hope you are having a wonderful Holiday weekend. Some buyers were thinking about purchasing a home and wanted to know if they should buy and close in December or in January. Basically, they wanted to know if they would get a better deal if they closed before the end of the year. I said yes, they very well could get a better deal if they closed before the end of the year and here’s why: If you’re looking at a bank-owned property or a builder, they would love to get as much inventory off of their books before the end of the (0 comments)
builder: A New Breed of Buyers. By Dan Polimino.
- 06/24/13 11:31 PM
Attention sellers, builders, lenders and oh, yes, real estate agents. Did you know that there is a new breed of buyers out there wanting to purchase a home? We have never seen these people before in the real estate market, because they never really existed until four or five years ago. This country has never seen a real estate crash like we had over the last four or five years, and that single event created a new demographic that did not previously exist. Here is their profile: These people may have had good jobs, made good money, and had good credit (1 comments)
builder: Should I Use An Agent When Buying New Home Construction?
- 03/18/13 11:10 PM
The better question is, “Why would you not use an agent when purchasing new home construction?” It costs you absolutely nothing to have an agent representing your best interest when buying a new build. Some people are going to say, “But Dan, won’t I get a better deal on the price if a builder doesn’t have to pay my agent?” Answer: “No and no.” When builders frame their pricing structure, they do so with the anticipation that they will have to pay a buyer’s agent on every house. The buyer’s agent’s commission is already figured into every deal no matter what (0 comments)
builder: New Construction and Earnest Money. By Marc Bayes.
- 02/13/13 12:32 PM
Let’s take just a moment and define earnest money. Earnest money is a specific form of security deposit used to demonstrate an earnest good faith about wanting to complete a transaction; in this case real estate. Whether you’re doing new construction or resale earnest money will always be required. Sometimes the earnest money is refundable, sometimes it’s not, sometimes a small amount, and other times it’s a large amount. With all real estate transactions earnest money will be required. Typically it’s 1-2% of the purchase price of the house. If it’s a $250,000 home the earnest money is around $2500-5000. (1 comments)
builder: Inspections On New Construction. By Dan Polimino.
- 04/05/11 02:40 AM
It’s one of those frequently asked questions: “Should I get an inspection on a newly constructed home?” Great question and I usually tell my buyers that the answer is yes/no and I’ll explain why. You see, most builders offer a one-year bumper to bumper warranty on the home that they just sold you. Moreover, during the due diligence process, buyers usually get a chance to do two walkthroughs with the warranty and service superintendent. The purpose of the first walkthrough is to point out any defects, problems, or items that you think need to be fixed in the house. The (2 comments)
builder: Can I Get A Better Deal? By Dan.
- 11/21/10 09:55 PM
Happy Thanksgiving Everyone! I hope you are having a wonderful Holiday weekend. Some buyers were thinking about purchasing a home and wanted to know if they should buy and close in December or in January. Basically, they wanted to know if they would get a better deal if they closed before the end of the year. I said yes, they very well could get a better deal if they closed before the end of the year and here’s why: • If you’re looking at a bank-owned property or a builder, they would love to get as much inventory off (51 comments)