Hi, I’m David Limon, and today I’m going to you about 10 Tips to Save You Time and Money when considering a New Home.

When shopping for your home, you will discover that most homes on the market are resales. Yet, one out four homebuyers purchase a new home. Both new homes and resales offer advantages, let’s compare some points. New homes offer innovative use of space and style, greater energy efficiency, a choice of options and upgrades, and everything is new and modern. Versus, existing homes, on average they are less expensive, often they are in established neighborhoods with mature landscaping and homes have already settled, eliminating possible problems that arise from this happening after the purchases of a home. Although, there are advantages to both here are a few points to consider before you visit your first model home.

Get in touch with your agent- before you visit your first model home, sit down with your agent, and do your homework. Determine a comfortable price range for your new home. Determine the size of your down payment, then work out a monthly debt load so you can determine a comfortable price range.

Sellers’ agent versus Buyers’ agents- A good point to remember, the sales agent in the model home represents the builder, not you. They are known as sellers’ agents. As a buyer, you can work with a buyers’ agent at no additional cost. It’s his/her business to best represent your needs by being knowledgeable about home construction, warranties, financing, differences in pricing, quality, even lot selection so that you get the best value for your money.

Lastly, Be sure the contract works in your favor! When spelling out the particulars of an agreement with your builder, ensure you protect yourself by having safeguards written into the agreement, such as: placing your deposit in escrow, detailing your upgrades; allowing you access to the construction site to check on progress; 30-day advance notice of the closing date and an explanation of what the fine print means in the warranties of the builder and manufacturer.

If you would like a FREE report titled The Homebuyers’ Guide to New Homes calls me at (951) 400-4463. And if you or you know anyone interested in buying or selling a home again call me at (951) 400-4463 or pass on my number. Thank you for taking the time to listen in.