Buying is Buying Even in a Raleigh Area New Home Sale

Buying Something New

We’ve all had the experience of going to purchase an item at a store without having much knowledge about the product itself.

In these cases we rely on the sales person to be honest with us, give us the best recommendation, and tell us the truth about the product.

Do You Trust The Salesperson?

The problem with this is that the salesperson is getting paid by the store. They get paid to sell you a product in their store, and in many cases they are paid commission based on the price of the product they sell.

These transactions happen very fast. You may end up purchasing something you didn’t really need because the sales person was that convincing and the store’s ambiance was that alluring.

Where’s Your Representation?

In these cases, you have no representation. After all, not only is the salesperson representing the store they work for but you lack the product knowledge to effectively represent yourself.

It can be very easy to get taken advantage of in these situations. And the same holds true for Triangle area new construction purchases when you’re not working with an experirenced Raleigh, NC area REALTOR.

At Linda Craft & Team, REALTORS, you are our responsibility. You are our star. You are our client. We represent you and you alone. Contact us so we can represent you for your new construction home purchase.

Finding New Construction Homes on Your Own Can Cost You

Buyer’s Agent vs. Builder’s Agent

If you’re searching for a new home around Raleigh, NC, you might have wondered if you need someone to represent you. Is it really worth it? If you think you want to go it alone, here’s what could happen:

Let’s say you decide to check out a model house in a Raleigh community with newly constructed homes. Of course, model homes are going to look amazing. They’re set up that way to get your attention. You probably won’t find one that isn’t impeccably clean and clutter-free. Sometimes refreshments are available, and music is often played in the background to put you at ease.

The agent who represents the builder will walk you through the model home and show you all the updated features. He or she will provide you with the knowledge you need concerning this particular Raleigh community. You’ll also find out about the builder and, most importantly, information about the cost.

If you’re convinced that this is the right home for you and decide to make a move on it, things might not go as smoothly as you think.

In these scenarios, the agent who represents the builder is obviously going to put the builder before you. He or she will still assist you with the contract, though. But once you sign it, there’s no going back.

As you go through the contract, the agent might try to pressure you to buy things you don’t want – upgrades or extras that only make the price go higher.

And if you think you’re going to get the same attention from the agent during closing, you’re in for a surprise. You’ll be facing the builder’s attorney and the builder’s agent. Basically you’re stuck on your own at a time when representation is vital.

Don’t let your Raleigh area home search end like this. If you want someone who will represent your interests, be sure to contact us.

Visit our new construction page to learn more about new construction in the Greater Raleigh area.

Buyer Representation for New Construction

Top 10 Reasons To Choose Linda Craft & Team

If you’re looking into the Raleigh area real estate market, you shouldn’t go it alone. Our free Buyer’s Agents will make sure you find the home that’s right for you – at the right price. Here are a few ways we can make that happen.

1. Free Representation – The Buyer Agent shares a fee with the listing agent that represents the builder. Which means all the information your agent will provide won’t cost you a thing!

2. Knowing the Real Estate Market – Builders often boost prices with new phases in the community. Your Buyer’s Agent will put in the time to compare closing sales and concessions offered in the neighborhood so you can make a well-informed offer.

3. Meeting Your Interests – Our agents are dedicated to meeting your interests so you can make the right choice. We want to ensure you have a solid understanding of your resale value and have the best home buying experience possible. That said, your Buyer’s Agent is concerned with making a quality relationship and would love to serve you in the future.

4. Pros and Cons –We have 100% fiduciary responsibility to clients, which means you’ll be given the good and bad that comes with your purchase. Your Buyer’s Agent will keep you informed about communities that may be of interest to you in your home search as well.

5. Lot Premiums and Resale Values – Developments are bound to have some houses that won’t sell as easily as others. For instance, some homes might be built in an undesirable area, like a flood zone. These homes are often enhanced with more upgrades than houses built on better lots. Your Buyer’s Agent will inform you about the resale value of these lot premiums.

6. Risk Awareness – Whether you’re buying early or toward the end of construction, your Buyer’s Agent will let you know if you’re paying too much in a certain neighborhood or phase.

7. Understanding the Upgrade – Just because the house has a lot of upgrades doesn’t mean you’re getting your money’s worth. Some upgrades can be marked 100% to 400% above their real value! To find out which upgrades will provide you a good return, your Buyer’s Agent will be sure to tell you which ones are worth your while.

8. Clarifying the Contract – Builders may have contracts with terms that put the buyer at a disadvantage. It’s important to keep an eye out for the following items:

  • Non-refundable money from the buyer
  • No refund of deposits if builder breeches contract
  • Daily financial penalties if a buyer misses a closing date but, no penalties if the seller fails to deliver the home for months
  • Testing for radon only allowed after closing www.epa.gov/radon

9. The Right Time to Close – You never want to close with an incomplete house. A Buyer’s Agent will encourage you to close only when the house is officially complete.

10. The Importance of Home Inspections – While the builder might tell you otherwise, your Buyer’s Agent knows that a home inspection is absolutely imperative. Even if the house seems perfect, you don’t want to find out it’s not when it’s too late. Mistakes are made during construction, and only an inspection can ensure you peace of mind.

Be sure to let us know if you’re planning on starting your home search soon!

Visit our new construction page to learn more about buyer representation and new construction in the Greater Raleigh area.

Raleigh Ranked #1 Best Place To Live by Bloomberg

Congratulations to Raleigh, North Carolina!

 

Bloomberg announced today that Raleigh topped the list for the best places to live in the US.   We could not agree more and believe that is why so many people relocate to the Greater Raleigh area.  If you are interested in learning more about why Raleigh is so special be sure to check out our Raleigh Area and Raleigh Relocation pages on our real estate website.

How To Get The Best Mortgage Rate

Mortgage rates fluctuate daily – sometimes even multiple  times a day.  Have you ever wondered where those rates  come from or why?  The answer lies on Wall Street – specifically the trading of  Mortgage Backed SecuritiesMortgage rates are tied to the stock market. When Mortgage Backed Security trading is in high demand rates go down, when trading slows down they go up. Supply and demand for Mortgage Backed Securities determine the ultimate price you pay for interest on home mortgages. Therefore, when you lock an interest rate determines what you will pay in real time. Please remember rates fluctuate every day.

Many Raleigh home buyers believe to get the best mortgage rate they need to shop around lenders. However, this can be an exhausting and frustrating time wasting experience because it is a lot like driving all over town trying to find the cheapest gas at the pump. The reality is that gas prices at every pump are all within pennies of each other. Gas prices like mortgage rates are based on the price oil sells for per barrel.

To get the best mortgage rate you need a lender that knows how to advise you when to lock the interest rate and time the market based on Wall Street trading. This is why our Team carefully screens mortgage lenders and develops relationships with the best in Raleigh.  Lowest interest rates, on time delivery, and no surprises at closing is what you will get from our proven lender referrals. To get the best home mortgage rate and service call us for a reference. We close hundreds of house per year and know who delivers what they promise and who doesn’t.

When you work with a RateAlert guided Loan Originator,  Andy Borter at Primary Residential, you are working with someone that you can trust to look out for YOUR best interests – and interest rates!