Distinctly Flower Mound - New Construction

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

by Patricia Feager, 2017

 

 

NEW CONSTRUCTION

As the trend of low inventory and choice selections of older homes continues in Flower Mound, buyers may want to consider new construction. Buying new is a completely different process than buying pre-existing homes. There are advantages and disadvantages. Some things to consider include:

 

TIME FOR COMPLETION

It takes time to build. Builders need lots, permits, planning and zoning, contractors, e.g., engineers, electricians, roofers, glass and window, plumber, and foundation people, just to name a few. They also need materials, and Buyers. The erection of a building takes time and money. Weather and unexpected delays is a factor.

The most important thing a Buyer needs is a local Real Estate Agent to help guide them through the process. Keep in mind, the sales rep for the Builder works for the Builder. They are getting paid by the builder and the more you're persuaded to buy from the sales rep the more likely you're going to run out of money before you even move in. A buyer is not required to use the builder's lender. Buyers have options and should find out from their representative (local Real Estate Agents you have a signed representation agreement) for a list of credible lenders who can provide financial advice and lending.

 

WHAT TO DO WHILE WAITING

  • Keep your Real Estate Agent informed every step of the way.
  • Do not assume that the Builder's Rep contacted you and your Agent. 
  • Keep your Agent informed of all communication from the Builder's Rep.
  • Keep appointments with the builder - keep your Agent informed.
  • Monitor the progress of construction - your Agent can help if you ask.
  • Do not spend money foolishly - keep your Lender and Agent informed.
  • Pay attention to windows - plan for window treatments but don't buy yet.
  • Pay attention when it rains - is the lot flooding?
  • Keep your Agent and the Builder's Rep informed of all concerns.
  • Pay attention to details - Discuss concerns with your Agent & Builder's Rep

 

These are just a few tips. If you're looking to buy New Construction in Flower Mound, please let me know. Although it takes time, your time with me looking out for you will be time well spent.

 

Posted by

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

Real Estate Commission Consumer Protection Notice  

 

 dfw fine properties

 

DFW FINE PROPERTIES

                                        2900 W Southlake Blvd, Suite 180
                                        Southlake, TX 76092
                                        Office: 817-748-4800/FAX: 817-748-4900

                                         Patricia Feager
                                                        Cell: 469-449-9858

                                                        TEXT: 469-951-4758

 

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ertified RE Probate Specialist

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

 

   

 

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Ambassador
3,203,016
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Patricia great advice.  I don't think most Buyers purchasing a new construction property realize the lack of representation if they use the Builders Realtor.

Oct 11, 2017 08:32 AM #6
Ambassador
3,245,543
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Patricia

This is such good advice. I suspect most, if not all buyers, do not realize the differences in buying new, in particular working with the builder's rep and not having their own representation.

Jeff

Oct 11, 2017 09:12 AM #7
Rainmaker
47,973
Luke Acree
ReminderMedia - King of Prussia, PA
Making Agents Memorable

Great niche info!

Oct 11, 2017 09:29 AM #8
Rainmaker
2,690,245
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Patricia -- as I was reading your very well-written post...I kept thinking these are the times I miss the "suggest" button.  As I neared the end, I am happy to see that well-deserved gold star.    

Oct 11, 2017 09:51 AM #9
Rainmaker
151,468
MeLisa Minter, Realtor Better Homes and Gardens
Better Homes and Gardens, Gary Greene - Taylor Lake Village, TX
Broker, Associate, Taylor Lake Village Real Estate

Great advice Patricia Feager .  It's amazing how much Flower Mound has grown in the last five years.  You would be a great point of contact for those buyers looking to purchase a New Construction home.  

Oct 11, 2017 10:15 AM #10
Rainmaker
217,715
Brenda Whitman, Live in Laramie Real Estate
Live in Laramie Real Estate, Laramie, Wyoming - Laramie, WY
Broker/Co-Owner, Laramie, Wyoming

As usual, well written with striking photos.  But the name Flower Mound for a subdivision or town..... awful!  Good thing thing a realtor like you is around to shine the brightest light possible on the area!

Oct 11, 2017 10:30 AM #11
Ambassador
2,476,518
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Patricia - That's really good advice. A competent agent like you, well versed in the intricacies of new home construction, makes the process a lot easier and catches problems early enough to deal with them before they become serious.

Oct 11, 2017 11:45 AM #12
Rainmaker
2,621,436
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good afternoon Patricia. Congratulations on the feature. I was intrigued with the title and the post was terrific.

Oct 11, 2017 12:41 PM #13
Rainmaker
993,377
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Patricia

thank you for your concern. There are suppose to be 45 mph wind gusts tonight so no telling what will happen. I hear parts of Calistoga are on fire. I am packed and fingers crossed cvc

Oct 11, 2017 01:32 PM #14
Rainmaker
3,096,542
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Patricia Feager ,

Congratulations on  a well deserved featured post! Excellent information for buyers in Flower Mound and anyone looking to buy a resale or new construction in your area would be wise to call you for representation. I closed on a new construction Toll Brothers home today with my buyers and closing on a David Weekley new construction tomorrow. Great alternatives for my buyers.

Oct 11, 2017 07:08 PM #15
Rainmaker
1,508,679
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Dorie Dillard - Congratulations on your closings!!! I support you too! Thank you for your best wishes. 

Oct 11, 2017 07:44 PM #16
Rainmaker
117,879
Stavrula "Sam" Crafa, RNC,GRI, CDPE, PSA
Future Home Realty - Seminole, FL
Providing the integrity and service you deserve.

Buyers also need to know they won't get a better price by working directly with the builders rep. They need to have their own agent looking out for them. Great post. 

Oct 11, 2017 07:58 PM #17
Rainmaker
1,508,679
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Stavrula "Sam" Crafa, RNC,GRI, CDPE, PSA - You're right! That's the most important message of all! Thanks!

Oct 11, 2017 08:16 PM #18
Rainmaker
1,009,308
Kat Palmiotti
Grand Lux Realty, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

These are great tips for buyers who want a brand new home. The process is definitely different and takes longer than purchasing an already built home. Buyers should also make sure they are planning to do an inspection. All sorts of things can be found in new construction - just because it's new doesn't mean it's done right!

Oct 12, 2017 03:43 AM #19
Rainer
343,001
Betsy N. Robinson - Serving the Sandhills, NC
Everything Pines Partners, LLC. - Whispering Pines, NC
CNS

Patricia - I agree their is a a big difference when buying a new construction home particularly when it is a pre-sale and not a spec from  inventory.  I have represented three production home builders over the last five years as a Realtor, not a sales rep.  When working with a Buyer as a Dual Agent I have loyalty to both and feel with my indepth knowledge I can best guide the Buyer to purchase only what best meets their needs and wants within thier budget constraints.

Oct 12, 2017 04:00 AM #20
Rainmaker
2,155,028
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I had the new construction experience twice & I was there every waking moment. I highly recommend others to try it at least once: very satisfying

Oct 12, 2017 06:14 AM #21
Rainmaker
235,064
MaryBeth Mills Muldowney
TradeWinds Realty Group LLC - Braintree, MA
Massachusetts Broker Owner

great post Patricia Feager, many moving parts both Buyer and their agent must keep track of, good communication makes for a great transaction.

 

Oct 12, 2017 03:06 PM #22
Rainmaker
71,212
Corey Martin
Martin Presence Group - Ruston, LA
Real Estate and Management Solutions

Great advice. There are so many things to keep in mind with new construction. Caution building a new house or adding to an old house cannot be overstated. Thanks for sharing.

Oct 12, 2017 09:04 PM #23
Rainer
94,748
Mega Team Real Estate
Realty ONE Group Alliance - San Mateo, CA
San Francisco and Peninsula Real Estate Concierge

Hello Patricia. Congrats for your feature today and thank you for sharing a great advice. 

Oct 13, 2017 06:12 AM #24
Rainmaker
823,237
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Great thoughts on buyer/agent communication.  It's so important to stay in contact for each!

Oct 15, 2017 01:43 PM #25
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