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New Construction - Was it Worth The Wait?

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

 

NEW CONSTRUCTION 

The long wait is finally over. My buyers signed the papers with the Builders in April 2015. Although the contract states it can take up to two years to build, the builder thought it could be ready last summer; then late fall. It has been a little more than nine months. We closed today, January 29, 2016!

 

WAS IT WORTH THE WAIT?

I had to know... What did my Buyers think? At the closing table I asked, knowing what you didn't know when you decided on new construction rather than pre-existing, would you do it all again?

 

YES! I WOULD DO IT ALL OVER AGAIN

Without any hesitation, they both agreed buying New Construction was worth the time and the wait for the following reasons:

 

  • They got to pick out exactly what they wanted.
  • They took pictures every step of the way & know what's behind every wall.
  • They learned a lot about building technology.
  • The energy savings is worth every penny.
  • They feel more secure because the house is up-to-code.
  • They learned to be patient.
  • They know more today about construction than before.

 

ARE THERE ANY REGRETS

The Buyers were quick to so no. Trying to find the right house in the location they wanted in a market with low inventory and multiple offers, above list price was too stressful. In re-evaluating where they were several months ago and where they are today, they feel confident they made the right decision and didn't buy in haste something older that would have cost more than market value. Besides, they had neighbors who did that one month before they sold their home last April and those neighbors already had to make major improvements, i.e., HVAC. If they had not paid over list price, it wouldn't have bothered them so much. Therefore, my Buyers can honestly say, even though they had to wait longer, they have no regrets.

 

 

Consulting with Buyers and Sellers is a key ingredient. A Real Estate Sales Person has a fiduciary responsibility. They must be be honest and put the needs of their clients first. Would an over-inflated sales price make me more money? Probably! Would it have satisfied my Buyers? No! Not in the long run at all. Did I have to wait just as long as my Buyers? Yes! Did we both learn the art of patience at a time when time seemed to stop and the builders weren't moving dirt to get this house erected? You bet! But in the end, the new beginning in a newly constructed home satisfied the Buyers and that's the most important part of selling Real Estate. Providing quality service, being truthful and honest is the reason repeat buyers, such as this one that closed today is the Pride of being a member of the NATIONAL ASSOCIATION OF REALTORS®.

 

©Patricia Feager 1/29/2016

 

 

Posted by

Texas Law requires all license holders to provide the Information about Brokerage Services form to prospective clients.

https://www.trec.texas.gov/sites/default/files/pdf-forms/CN%201-4-1.pdf

dfw fine properties

PATRICIA FEAGER, REALTOR®
DFW FINE PROPERTIES
3575 LONE STAR CIRCLE SUITE 315
FORT WORTH, TEXAS 76177

Email Me
                                  

                                     

MBA (University of Dallas)
BA
(Bachelors of Arts & Science)
Paralegal (Southeastern Career Institute)
Associates (3) (College of Lake County)
KU (University of Kansas)

CERTIFICATIONS

CRS (Certified Residential Specialist)
SRES (Certified Senior Residential Specialist)
PSA (Certified Pricing Strategies; Mastering the CMA)
CRS (Certified Military Relocation Specialist)
RENE (Real Estte Negotitions Expert)

"With self-discipline most anything is possible." --- Theodore Roosevelt 

 

 

 

  

Comments(18)

Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Patricia congratulations to your new home buyers and to you!  They had the perfect represenation throughout the entire process and I'm sure they're thrilled with your service. This is why YOU are the real estate professional to call in Texas -

Providing quality service, being truthful and honest is the reason repeat buyers, such as this one that closed today is the Pride of being a Texas Realtor®.

Jan 29, 2016 08:35 AM
Patricia Feager, MBA, CRS, GRI,MRP

Anna Banana Kruchten - I feel your energy! Thank you for your amazing support and cheering me on. I truly appreciate you! It really feels good to share this sense of pride with someone who truly understands. Thank you Anna. 

Jan 29, 2016 12:35 PM
Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

Good to hear these buyers experiences.  I have heard from others that they would never buy new again because the process was too stressful.

Jan 29, 2016 09:41 AM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Patricia, I loved reading this, especially since I have buyers who have patiently been waiting to occupy their new-built home since last March. The builder expected it to be ready in December; then January; now the latest-perhaps March. My buyers were frustrated; we talked about their options. They were able to get a hard-hat tour, and are very pleased with what they are seeing. As hard as it is, they will wait for their new home to be finished.

Jan 29, 2016 10:34 AM
Patricia Feager, MBA, CRS, GRI,MRP

Lottie Kendall - It's an emotional roller coaster ride for our buyers and the holidays adds to their level of stress. It's up to us to stay on the journey and know how to reduce their anxieties while communicating with everyone involved. 


The builder that my Buyers had gave husband, wife and their child a hard hat right from the beginning. They welcomed them into their family too. I think that made a big difference and the level of trust from the builders side is what sealed the deal with an early closing. I hope your buyer's house will be completed soon. I know you're doing all that you can because you are a true professional.

Jan 29, 2016 12:39 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Patricia what counts is the end results and it sounds like the end results were perfect :) 

Jan 29, 2016 11:07 AM
Patricia Feager, MBA, CRS, GRI,MRP

George Souto - it was the end result that put the biggest smile on their faces. It was so good to see their beaming faces during closing. Plus, their Lender (not the builders) was phenomenal and didn't miss a beat. My Buyers were very happy for my recommendation. Although they did take their time making up their minds about which Lender to use, it was their decision and it worked out great. 

Jan 29, 2016 12:41 PM
Ellen Caruso
Daniel Gale Sotheby's International Realty - Glen Head, NY

Patricia, married to a builder and dealing mostly with New construction sales, I know what your saying but I get it from the builders perspective too. It takes trust and working together to get it done. If a buyer picks materials that's on back order it slows the process. It's team work to success!

Jan 29, 2016 11:17 AM
Patricia Feager, MBA, CRS, GRI,MRP

Ellen Caruso - I am very thankful to hear what you have to say. Being married to a Builder I'm sure you see and hear it all. And you're right, after we did the final walk-through before closing, the Builder shared information. He was very honest about many of the issues and challenges he goes through too, including sleepless nights. My Buyers were very compassionate and understanding too. We really did make a great team. As you well know, there are many different variables that can cause a delay, such as buyer asking for more than what was on the original building plans, changing materials, finding out they can't get the same product, shades of bricks and all that stuff, including who can control the weather? It's a big, big job, that requires a lot of patience and communication.

Jan 29, 2016 12:47 PM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Patricia, cute house, and it looks like it was worth the not that long of a wait!

Jan 29, 2016 11:24 AM
Patricia Feager, MBA, CRS, GRI,MRP

Hi Patricia Kennedy - it's hard to believe this is what the house looked like on 12/23/2015. Clearly, the builder needed more time and it wasn't going to get done by end of year. It took Team Work to get it done!


Jan 29, 2016 12:33 PM
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

New construction isn't for the faint of heart . . . or impatient.  I'm glad you had a quick(er) close.  Congrats.

Jan 29, 2016 11:33 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Thank you Carla Muss-Jacobs, Principal Broker/Owner

Jan 29, 2016 12:48 PM
Claude Labbe
RLAH / @properties - Washington, DC
Realty for Your Busy Life

So happy for the buyers. Glad that they kept the goal in mind and walked alongside you to the path to the settlement table.

Jan 29, 2016 01:32 PM
Patricia Feager, MBA, CRS, GRI,MRP

Claude Labbe - Thank you for your awesome support here on ActiveRain and your understanding too. To get people to walk alongside you takes a lot of trust. 

Jan 30, 2016 12:23 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Congratulations on the sale. I am sure the buyers feel it was worth the wait.

Jan 29, 2016 07:49 PM
Patricia Feager, MBA, CRS, GRI,MRP

Gita Bantwal - Their faces said it all but I needed words. Those were the words I actually used and their dialogue that followed. This was good for me to hear.

Jan 30, 2016 12:21 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Patricia. I do many construction loans for clients that have different loan product needs, they can be a challenge, but if this is what is best for the client, that is what we get done for them.

Thanks for sharing the post and some of the challenge that you had.

Jan 29, 2016 08:27 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

So glad your buyers ended on a high note and were delighted with the finished product. It can be a long, hard road and takes a good agent like you to keep them focused on the prize. The prize in this case is as cute as a button.

Jan 29, 2016 11:19 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Patricia - congratulations to you and your buyers on the home completion.  I went through it and I would do it again.  The new home is definitely worth it.

Jan 30, 2016 12:10 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Grant Schneider - Thank you for your testimonial. That means a lot to me.

Jan 30, 2016 12:16 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Debbie Reynolds - I like your comments! Construction is an art and a vision! 

Jan 30, 2016 12:17 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Joe Petrowsky - your commentary is so valuable and true! My clients also used a Lender who has been in the business a long time, flips properties, and at one time even worked for a builder. He knows the business as well as you do. People like you Joe who understands more than just pushing paperwork and truly knows the business is golden and the real heroes in my opinion. 

Jan 30, 2016 12:20 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good afternoon, Patricia Feager, MBA, GRI, Cert Negotiations Expert, Military Relo Prof ...first of all, congratulations on presenting and closing those lucky buyers on a "new home".... there's nothing more satisfying than moving into a home that a you designed and decorated yourself.... it's your creation...and I certainly feel it beats buying resale...there are many who NEED to buy a resale first and then step up to the new start.... and that's a great goal to strive for....and those potential future buyers would be wise to contact Pat Feager for guidance with their new construction purchase..... great job and I hope those happy buyers send all of their friends you way!!

Jan 30, 2016 01:13 AM
Patricia Feager, MBA, CRS, GRI,MRP

Barbara Todaro - being at the top at RE/MAX Executive Realty in Franklin, MA, this means a lot to me! I consider you to be one of the wisest women in the industry. Thank you for your truthful comments and support.  

Feb 01, 2016 12:09 AM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much for sharing this success story.

Best wishes to the very lucky home buyers.

Jan 31, 2016 11:46 PM
Patricia Feager, MBA, CRS, GRI,MRP

Thank you Roy Kelley

Feb 01, 2016 12:07 AM