Congratulations Your Offer was accepted you are Under Contract on a New Lake Charles LA Construction Home!
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.
Contact Lake Charles Realtor Marilyn Boudreaux! I would love to assist you and discuss new construction possibilities with you!