Some New Home builders are offering discounts on upgrades, reduced sales prices, and incentivized mortgage rates. Could 2024 be the year to buy a new house?
Are you thinking of buying a new home in 2024? Paige and I have bought and sold 6 New Homes together over the last decade and we’ve learned the dos and don’ts of New Home buying. Keep in mind, the New Home salesperson represents the home builder, lacking a fiduciary relationship to the buyer. A New Home buyer can learn the process as they go or experience the benefits of Buyer’s Representation while properly navigating the new build process. Miranda Realty Team doesn’t charge a fee or retainer for our Buyer’s Services. Once we help our buyers secure a New Home and your keys are in hand, we receive compensation from the home builder. Some home shoppers believe it’s financially beneficial to attempt to negotiate a home purchase without professional representation, this is a mistake. Builders cannot and do not reward buyers for not enlisting the professional services of a real estate agent. It is in your best interest to have an experienced professional advocating on your behalf.
What is buyer’s representation? Long explanation short, we’ve got your back! Once a Buyer’s Representation Agreement is signed, the buyer becomes our client. As licensed real estate agents we become the buyer’s fiduciary. We communicate and negotiate with the sellers, builders, and/or builder’s sales agents on our client’s behalf. We work closely with our clients and the New Home builder’s team to facilitate a pleasurable and transparent buying experience. Depending on your new home buying strategy we can help make wise decisions in the selection and upgrades phase of the new build. Also, we pray over all our clients and invite the Holy Spirit into their home search. God always guides our path, providing Heavenly wisdom, and protection along the way.
Do you know the difference between a spec or inventory home vs one you build from the start? Building a home from the start allows you some customization such as choosing the lot location, floor plan, and upgrades. There’s a potential for a “Forever Home” status. The drawbacks are often less obvious and you may not know the impact until you move in or get closer to Closing Day. We can advise on where to invest your upgrade budget, discuss worthy floor plan options to consider, and how to navigate quality control over the builder’s work.
Shifting gears, another strategy is to seek and find a New Spec home, New Inventory home, or maybe a home that fell out of contract. These homes are already in the build process and will be available for move in soon or they’re already built and ready for a quick move in now. Inventory homes can be a lucrative investment as oftentimes builders are ready to get these homes off the books by offering discounted upgrades, reduced sales prices, and incentivized mortgage rates. Spec homes are best suited for a “stair step” minded buyer, this home will be a stepping stone to the next home. We’d like to hear your thoughts, get the conversation started with us! New home builders often require the buyer to register their real estate agent on their first visit to the model home. Whether it’s your first new home build or you’re an experienced buyer, you don’t need to tackle this journey solo!
Are you relocating from within the United States? Or relocating to the United States from a Spanish Speaking country. We’ve helped home buyers and lease tenants from all over the country and the world relocate to Texas. From California and New Jersey or even Mexico and the Dominican Republic! Most recently, Clara Oliva’s personal experience relocating from Mexicali, Mexico to Texas gives her first hand perspective and compassion for anyone looking to relocate to the U.S. Our mission is to provide Jesus-focused, Spirit led counsel in Real Estate. Together we are prompt, impactful, and effective!
Contact us for your custom Buyer’s Consultation to see if we’re a good fit for you.
