Jim Duncan writes in to say, “I wrote about this more broadly last month.
Did the builders disclose that they weren’t representing the buyer? Did they disclose dual agency?”
His blog includes good comments about the issue of disclosure to the customer. Can we say often enough that it is very important for the consumer to get educated on [...]
Archive for the ‘New Construction’ Category
Builder Diclosures About Representation
Posted in Choosing Your Team, Contracting to Buy, New Construction on March 5, 2008 | Leave a Comment »
The Builder’s Contract Serves Whom?
Posted in Choosing Your Team, Contracting to Buy, New Construction, tagged contracts on March 3, 2008 | Leave a Comment »
For new construction, each builder will have their own standard contract form, which they will provide to you to use in making your purchase offer. You should read through it carefully, with advice from your Realtor and even a real estate attorney, before you sign.
Contracts are Negotiated Agreements. A lot of people think that all contracts contain the same [...]
Thinking New? Bring Your Crew!
Posted in Choosing Your Team, Contracting to Buy, New Construction, tagged agency, representation on March 3, 2008 | Leave a Comment »
The lure of a brand-new home is powerful, but buying from the builder carries special considerations that you should know about.
The recent news of the bankruptcy of fabled New York builder Levitt and Sons highlights one area of buyer risk when contracting with a homebuilder: What happens to the deposit money if the builder defaults?
How deposit funds [...]
Construction Loans and Rate Locks
Posted in Getting Ready, Mortgages, New Construction on November 9, 2007 | Leave a Comment »
When you want to build a new home, you may find that the builder will carry the construction financing. But you may need to obtain financing yourself, to purchase the lot and to fund the construction.
If the builder has access to a line of credit, interest will be part of overhead and will be built into his [...]
Financing New Construction
Posted in Getting Ready, Mortgages, New Construction on November 8, 2007 | Leave a Comment »
With so many new homes on the market right now, it’s easy to bet that you’ll get more house for your money by buying a finished home than proposed construction. Builders with finished houses are paying interest and carrying costs that they’d love to be rid of, and unlike a year or two ago, you [...]
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