Purchasing new construction
While driving through newer developments searching new construction, having an experienced agent on your team is crucial. will help you navigate the myriad of new homes today to find one that's perfect for your family.
In real estate, you can always negotiate. However, with new construction, it depends on the developer and the length of time that the home has been on the market. Developers in new additions like to keep prices near their asking point because buyers already in the area expect new construction to be comparably priced to what they already purchased. (You'll appreciate that same courtesy if there are undeveloped lots near the home you eventually purchase!) But, depending on how far along the project is and what the market is doing at that point in time, a developer will often allow a few concessions.
Say a property has been on the market a long time and the builder is deeply invested, then you have some room. The same goes for show or model homes that have been sitting for a while. However, if a home was just completed, it's unlikely you'll get a deal.
In cases where a builder won't budge, ask for assistance with other aspects of the transaction. Ask for them to pay a share of the closing costs, or extra amenities, like appliance upgrades, a garage door opener, a sprinkler system or landscaping, or an extended home warranty. Or take the contrary route. If a home is nearing completion, you can often save money by passing on suggested upgrades from the builder and installing things yourself.
While you should always negotiate a home warranty so problems can be fixed, it's also imperative you get a home inspection before closing. Inevitable problems can be repaired (by the builder) before you move in and larger problems identified before it's too late. Since an inspection is relatively inexpensive, some new home buyers get an inspection after being in the home for 10 or 11 months - that way, the builder can make the repairs before a 1 year warranty expires.