A Tale of Buying a New Lake Charles LA Construction Home

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Real Estate Agent with Marilyn Boudreaux, Century 21 Mike D. Bono & Co.'s 0912122870 LA

Congratulations Your Offer was accepted you are Under Contract on a New Lake Charles LA Construction Home!

What to Expect in the New Construction Home Process Until You Close

 

Home  Buyers are attracted to anything new.  Being under contract on a new Lake Charles construction home is an exciting, stressful and new experience that will require patience and a good Realtor representing the Buyer.  Hopefully the home buyers after viewing samples of the home builders construction have also inquired about the Builders reputation  of new construction homes through other sources such as the Better Business Bureau, Home Builders Association or within the subdivision or community.

The buying process during new construction will require good rapport and ability to communicate concerns and ideas with the home builder or through the builder's listing Realtor.  

Lake Charles New Construction Home Buyers should understand upfront that finishing a new construction home could be a 3-4 month  build out tiime frame.  A buyers home loan cannot be finalized until appraised and Appraisers require the home  to be 80% completed.  Also during the loan process, the builder will be required to provide the loan officer with several items including Certificate of Occupancy and Final City Inspections, in order for the buyer to receive final loan approval and a clear to  close.   

Selections of interior and exterior finishes are usually made soon after an accepted and negotiated contract is agreed upon by all parties and this selection will depend on the phase the home is in.  

Buyers get excited picking out their color schemes, lighting, ceiling fans, and appliances. Most  home buyers  express the two most important choices they choose are  probably  Granite and Flooring....  

The anxious home buyers enjoy watching their home take shape and the progress made week by week as features are added to the house.

Imagine that excitement turning to  horror  when the buyers ,while making their weekly inspection,  expecting  to view the beautiful granite they had previously selecte discover the wrong granite was installed!

The phone calls of a  panicked disappointmented and angry buyer are shared with the Realtor !!!   If a Builder makes a mistake, the Builder should do whatever it takes to fix the mistake.  especially when it is no fault of the Buyer who expects to see a different outcome that was promised. Communication and checklists are part of new construction timelines!!  When issues arise, The Realtors involved in the transaction will need to intervene and arrive at an agreed upon solution by all parties in the contract. Once the buyers move past the shock of  mistakes made with granite installation and agree to a solution  they can once again become excited for the next phase which is flooring.

Those beautiful wood floors they dreamed of seeing and  fell in love with and admired upon installation are  now discovered to have deep scratches where appliances were neglectfully dragged across the floor during  appliance installation.

At the time of executing a new construction contract buyers are not aware of all the phases and timelines or what to expect.  Do not ever assume specific items or finishes will be included with your home purchase.  The home buyer must rely on their Realtor to inform and guide the home buyer and have enough experience to know what items to include and negotiate in the contract at time of execution.  It sounds silly to think about asking for fire logs to be installed  in a ventless gas fireplace when you are writing a contract but it is better to write everything in the initial contract in order to protect the Buyer and meet the desired expectation of a turn key home.

Buyer's are paying top dollar for a new construction home and  they just assume a complete fireplace comes with installation of fire logs!  Never assume, write everything in your contract and negotiate up front!

Buyers always are entitled to a final walk through of the home prior to closing along with a home inspection if they so choose.  It is customary that Buyers make a list of deficiencies  and provide  the Builder with a "punch list" of items to correct and mutually agree upon acceptable remedies.

After the home is closed, Buyer's do still have rights and may report any unprofessional or bad experiences whether it resulted from Realtor conduct/diservice, or Builder neglect, buyers do have the final say so with written complaints.

Thinking of Buying a New Construction Home in Lake Charles?  

Contact Lake Charles Realtor Marilyn Boudreaux! I would love to assist you and discuss new construction possibilities with you!

 

 

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For more information on Lake Charles Real Estate, visit my website.  You can search homes for sale in Lake Charles, Louisiana,  and view up to date information on Lake Charles Subdivisions, Neighborhoods

Find Lake Charles Realtor Marilyn Boudreaux Century 21 Mike D. Bono & Co.'s on Google+

If you are planning a move to or from the Lake Charles, LA area, I can help!   I am a full time Realtor licensed by the Louisiana Real Estate Commission and am affiliated with:


Century 21 Mike D. Bono & Co.'s

4410 Nelson Road, Lake Charles, LA, 70605 USA

337-478-1578 or 337-499-9592

CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC. An Equal Opportunity Company. Equal housing Opportunity. Each office is independently owned and operated.  The information contained in this blog is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the author of this blog, and its comments are not warranted or implied representation of it's accuracy,  All information is copywritten and the property of the Author, Marilyn Boudreaux.  

 

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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Marilyn

It's nice to see the builders building new homes in Lake Charles Louisiana.

Good luck and success.

Lou Ludwig

Apr 16, 2013 07:32 AM #1
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Doug Rogers
Bayou Properties - Alexandria, LA
Your Alexandria Louisiana Agent

I hope the builder was wise enough to do the right thing and take care of the buyer.

Apr 16, 2013 11:07 PM #2
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