So I Know You'd Prefer New Construction but ...

Good morning Patricia. Depending upon time constraints and location, the decision of new construction versus existing homes become critical factors. Enjoy your day 

Good morning, Patricia Feager, MBA, CRS, GRI,MRP this post is the "Realism" that all potential buyers must be mindful of.... and when their buyer agent is a true professional, proper guidance is given... and that's what buyers receive from you, Patricia.... Common Sense conversations and direction complemented with nothing but the Truth....

Hi Patricia... it is all about having realistic expecations regardless of what kind of home someone wants to buy. I sell a lot of new construction here in Charlotte because it's more plentiful in many cases than resale homes. And fortunately, we have builders to build a lot of inventory homes so the time to wait is often very short if not no longer than the time it takes to close any purchase. I've always said that Charlotte area is the land of new construction and people often prefer it to resale homes. Here, people start calling a 7 year old home "old."

Good morning, Patricia - that Will Rogers quote is quite appropriate to the subject in your post.  Whether it be a dream, a wish list, the issue of compromise or that real estate ally "compromise" - there are many factors that impact "preference" in this industry.  Well, it's definitely a start to a conversation and that can certainly lead to additional answers and insight.  

Hi Patricia, looking at another aspect of this process - 30 years ago, before Buyer Agency Agreements, I was working with first-time buyers who were motivated and pleasant to work with. After not hearing from them for a week, I received a call from a highly excited buyer who had just signed a contract to purchase a new home. When I asked why they had not contacted me prior to visiting the new home development, she honestly replied, "Gee, I didn't know you sold new homes too.... I thought you only sold existing homes..." That was a painful/expensive lesson to learn about educating buyers about the full scope of our services to buyers. Lesson learned.

Patricia whether it be new construction or existing they both have advantages, disadvantages, and challenges.  Each individual Buyer is different, one size does not fit all.

So true!  Everyone has something that others might not consider a dream home, but it is to them.

New, or resale, the choices are out there for buyers. The best way to learn about the market is to work with a Professional...like you Patricia. I really like that quote from Will Rogers. Along the way, I've met too many people, who he is referring to!

Hi Patricia Feager, MBA, CRS, GRI,MRP - A lot of good thoughts on this subject.  I have had customers on all aspects of the spectrum on a new home or existing home sales.  Even a seasoned buyer who buys a lot and builds from scratch will find new and challenging concerns they may not have thought of.  I try to go through most of the possible scenarios with clients who are considering lots so they know what they are getting into. 

"Realistic" is the key! The dream of new construction might not be realistic when measured against money and time constraints. A buyer really needs to consider all aspects.