Expert advice on new construction purchases
When touring newer neighborhoods hunting new construction, having a knowledgeable agent on your team is vital. is here to help you navigate the seeming infinite number of new homes today to make an offer on the one that's perfect for you.
People that buy new construction in a development don't like to see houses sold after theirs go for less money, so builders aren't as apt to bend on price. (You'll appreciate this behavior after you've bought a home in a development of new construction!) Regardless, depending on the market and the status of the project, there's sometimes room for negotiation.
Say a property has been on the market a while 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 recently completed, don't count on being able to get a deal.
In situations where a builder won't budge, ask for assistance in other areas. Ask for them to pay a share of the closing costs, or extra amenities, like an allowance for window treatments, a garage door opener, a fence 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.
Just because a house is brand new, it can still have its share of flaws. Be sure to get a home inspection before purchase so that issues are handled and also negotiate a home warranty. Then, about 10 or 11 months after purchase it's worth it to pay for an inspection and get anything else repaired before the warranty expires.