6 Questions to Ask When Buying a New Construction Home!
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- čas přidán 2. 04. 2018
- In today's home buying tips episode you'll learn 6 questions to ask when buying a new construction home!
#QuestionsToAskWhenBuyingANewConstructionHome
🎬 About:
Buying a home is a huge life enhancing decision. You'll want to know all the facts with all the pros and cons of new homes and resale homes. New homes for sale look like a slice of paradise with all the upgrades the home builders put into them.
Keep your focus and know what to ask about new construction homes by know the questions to ask when buying a house, either a new house or resale.
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Follow the new construction homes tips in this episode and in other video's on my channel to become a savvy home buyer with crystal clear clarity and the comfort that only comes with knowledge.
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Andrew Finney Trusted Real Estate Advisor/ USMC Veteran S.0173260
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At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with BHHS, NV Properties in Las Vegas, NV. Andrew's videos are his own and do not necessarily represent the views and/ or opinions of BHHS, NV Properties. The purpose of Andrew's videos is to educate you and help you make sense of the real estate process. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, professional trades, or any other services, you are advised to reach out to the appropriate professional for further counsel about your own unique situation. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or any other and may be outdated or inaccurate; it is your responsibility to verify all information for yourself. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that is free from error. Linked items may create a financial benefit for Andrew Finney Team. Any use of other media is by fair-use or license only.
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Signed contract on new construction in March. First phase of 5. I used my buyer agent. I was one of the last to get 6k towards closing cost. Initial design center meeting was done via zoom. I had that open in one window and big box store open in another. I am handy and can do a lot of things. Their motion sensor faucet, and the blinds were more than twice what I can do it for, but a lot of things the upgrades were much lower than buying retail such as appliances, more efficient ac ($300) French doors to patio ($300).
Also was able to have them do a hose bib at each cornet of the house. Prewired every thing they offered. Cheaper now then when installing cameras and security system.
Since I am making myself very knowledgeable in buying a home I found all the information here very informative and good to know.. I have watched a few other videos on buying a home and you pretty much confirmed what I have in mind. Buying new construction sounds to me like a much better choice. Excellent video, thanks.
I can't say enough about the wealth of knowledge your videos have been for me and my wife. Informative and helpful.
What's really important is the guts of the house Roof-Windows- Framing (are the rooms square) is the place well built- Is the base plate where the wood meets the cement slab sealed so bugs and scorpion's don't enter the home. Are you allowed on site when home is being built.
You reminded me of the noise issue. When they drop the floors it sounds like an explosion. Also the dogs of construction people will be running through your neighborhood. A roof is noisy and you will hear those saws all the time. I always upgrade the carpet. With a small builder you can change the garbage light fixtures out and get air conditioning. Gold fixtures in the bath instead of chrome make a huge difference, but those small builders will always put in the cheapest stuff. Two huge expenses with new construction will be landscaping, irrigation, and drapes. So you had better take those into account because it might break your bank account. If a dangerous split tree is next to your property you have to notify them in writing or your insurance will have to cover it.
I thought the question about the plan for the community was very valuable. Thanks for sharing.
Very thoughtful suggestions! The most useful tip is to ask what warranties the builder offers.
We are in the process of looking a t new construction. Thank you so much for the advice!
Clear and thorough..very good.
Your vids have been really helpful to me. Thank you for giving great advice. We are in the loan process of a new construction and it’s been the most stressful thing I’ve ever been through. I like the tip on asking about warranty because I knew there’s a one year warranty on appliance but I didn’t even think to ask about the structural part. And talking w the neighbors. I saw on my street some families are already living there. I’ll def be talking w them.
Hi NatalieVegas1965,
Thank you for watching and for sharing with us!
Check the show more description of this week's live stream timeline for the minute marker answering your giving you a shout out: czcams.com/video/z_uFEv2o7b8/video.html
What would you like to see next?
Enjoy an amazing day!
Thanks again for watching and commenting! =)
Chat soon,
Andrew Finney
www.andrewfinneyteam.com/
Great tips, thank you!
Thank you. Lots of pointers!
Thank you very much.
Hi Andrew, all the 6 questions are great and valuable, thanks for sharing all this information, the most valuable to me is the education of having a trusted realtor advisor to uphold the buyer best interest, buyers don't realize the builder has already built in and budgeted the cost of a buyers agent commission so if they go without representation they are doing themselves a damage, because a trusted real estate advisor not only can negotiate for them, they know the right questions to ask, and are there to protect the buyer best interest! The best advice do not walk in there without a buyers agent representation you have a lot to gain and nothing to lose. Warmest Regards Zobe
Hi Zobeida E Castillo,
Thank you for watching. It's great to hear from you!
Very happy you enjoyed this video and found it so helpful. =) You're absolutely right! It's not costing a buyer anything for a trusted real estate advisor to help them yet they have everything to gain from having their own agent... The professional knowledge and skills of a real estate professional that practices real estate daily to represent and uphold their best interests. Great points Zobeida!
What would you like to see next?
Thanks again for watching!
Enjoy a fantastic day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
Thank you. The information is extremely useful as I am in the process of considering a new construction home.
I was surprised to learn that a real estate agent would uphold the purchaser's end of the agreement. That's interesting. The builder's incentives is a new concept to me as well. I've bought and sold about 5 homes and I've never heard this advice before. Many thanks! I like the fast-pace of the video, too. So many advice videos just drag on. We need advice and don't have all day to listen to each video! : ))
Great and full of information video!! Thank you so much!!
GREAT VIDEO!!
Outstanding. Appreciated
Love the tip about knocking on a prospective neighbor's doors to ask about his or her experience with the builder.
Hi In Perspective,
Thank you for watching and for sharing with us!
Smart move In Perspective! Let us know how it goes.
Check the show more description of this week's live stream timeline for the minute marker giving you a shout out: czcams.com/video/z_uFEv2o7b8/video.html
What would you like to see next?
Enjoy an amazing day!
Thanks again for watching and commenting! =)
Chat soon,
Andrew Finney
www.andrewfinneyteam.com/
Also ask about the hoa. Are they reasonable to communicate with? Do they actually enforce the minimum standards? Who maintains the roads etc?
Very good information...all six questions are good information to ask. Some I already new from research. One good question was; Using a custom builder as apposed to a production builder, when it comes to using their preferred lender and incentives and pricing. Second, what are the standard finishes? As apposed to upgrades. The third is; warrantee information (ten year structural, and workmanship). The four great question is reviewing the HOA or CCR bylaws. RGEE
This is has been so helpful, as a new homebuyer we are currently in the process of perhaps building a home. This has been really instrumental as I have our meeting today! THANK YOU this is so helpful!
Hi Olga Bouzyla,
Thank you for watching! It's great to hear from you!
Awesome! Very happy this video is helping ya'll! Yay! As you move through the building process please let me know what other videos would be helpful to you and others buying a new construction.
What would you like to see next?
Thanks again for watching!
Enjoy a fantastic day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
Thanks for sharing 👍
Great video and tips. I’ll keep these tips in mind since I’m in the process as of now. Thank you
everything is so useful!
Make sure that you take a lot of photos all the way thru the process. Especially plunbing and electrical inside the walls.
Knowing the regulations is certainly useful AND the community plans.
Very informative, thank you!!
Warranty questions were great and current residents
Glad I found your channel. Thank you for the guidance. Guidon!!
I'm super happy you found my channel too Wethe People! Yay!
What would you like to watch next?
This video is very informative. I thank you for sharing 🙂
Would like to see a video about selling your home being single owner vs second and third owner.
Thanks for sharing great infos.
Thank you❤
You're welcome 😊 Thank you for watching Tamala! Sending you positive vibes everything goes your way. Peace be with you.
What I thought was the most helpful was the advice about getting a copy of the CC&R to read over before going any further. I thought about this before (because I felt that it would save a world of headaches later on) but because sales people at the new build sales offices act as though I’m asking for the KFC secret recipe when I ask them for things like the option price list, I assumed that the CC&R was some big secret as well!😄 It‘s helpful to know that I can at least see that early on! Also, thanks for making these videos! They are super helpful in ways that you can’t imagine! Be well!
Thank you for watching MakeWayForCJ!
I'm glad this video nailed it for you! Yay! In other news, were you able to catch the reality show I posted this past week? Just in case, here's the link: czcams.com/video/byMELcRfWEk/video.html
If you'd like to help me create even better content, please consider helping me out with a donation: paypal.me/andrewfinneyteam
If you have any suggestions of what I can be doing better, please let me know. I'm always striving to learn, improve, and create even better and more engaging content. =)
Wishing you an amazing day!
Thank you,
Andrew Finney
Very helpful. Thank you.
Hi Virginia Linge
Thank you for watching and your kudos! You rock!
Check the show more description of this week's live stream timeline to hear your shout out: czcams.com/video/VbdMPe9nPrI/video.html
What would you like to see next?
Enjoy a very Happy Thanksgiving my friend!
Chat soon,
Andrew Finney
www.andrewfinneyteam.com/
Thank you!
Wish I watched this prior going into contact. I wish I had gotten a realtor.
Very informative video! Thank you!
Hi Yanhelheartsmakeup,
Thank you for watching and for your support!
Super excited you enjoyed this video! Gave you a shoutout in today's live episode! Yay! Here's the link: czcams.com/video/tTy_Enf5V08/video.html
Really appreciate you watching! Your the best!
Enjoy an amazing day!
Your Real Estate Geek,
Andrew Finney
King Realty Group
www.andrewfinneyteam.com/
Good stuff 👍🏽
Very useful information 👍
Great advice! Thank you so much 😊😊😊
Hi Evelyn Gonzalez,
Thank you for watching and for your terrific comment! You're the best!
What would you like to see next in a video?
Thanks again for watching!
Enjoy a great day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
You're the best!
The warranty question was what stood out to me. Thank you for this video, we are actually in the process of buying a new construction home and it won’t be ready until February 2021. We are already approved through a lender through my friend who is already our realtor but we are approved at 3% when the builder is at 2.5%. Sounds like we are approved. Thank you for this very informative video!
Hey Ialana!
Thank you for watching and for sharing your insights with us! You Rock!
That's interesting! Best practice, please call the loan officer's and find out why there's such a big difference in the rate and ask for a loan estimate to better understand the loan side of the things.
Please keep us updated how everything plays out for you!
What would you like to watch next?
Sending you positive mojo for an incredible day my friend!
Well thank you for the kind words and the help!! Actually I will ask and I will keep you posted. Hey what about a video about new construction start to finish. Telling about when they start building, when the address goes on record, when the plumbing and electrical are started, from when does the SOLD sign go up, you know just the whole process. When about do you go to the design center, when that's installed. Idk being excited makes you search for videos about any piece of the process and makes you excited because that will soon be you, you know?
So True Andrew, we looked at a Toll Brothers home they say started at 950,000.00 in Scottsdale but I asked the salesperson what would this model sell for as is she said 2 million............They make a ton on mark up at the design center and they buy the tile and things at wholesale and put a huge mark-up on it when they sell it to the buyer............It is very deceptive they should say this is what your home could look like if you add a million to the price. Very important to ask what you get for the base price. OH you want a garage opener extra you want a tiled shower extra you want a dishwasher like the one in model extra.
You actually want a house... extra 😂
Great Great Advice 👍
Great info
Excellent
Hi intromaster,
Thank you for watching and for sharing with us!
Check the show more description of this week's live stream timeline for the minute marker giving you a shoutout: czcams.com/video/_ahFDFELy-g/video.html
What would you like to see next?
Enjoy an amazing day!
Thanks again for watching and commenting! =)
Chat soon,
Andrew Finney
www.andrewfinneyteam.com/
Help full
Pulte? Who would you go with? Pipes? Warranty? Who's most reliable or has the better record for reliable homes? If an answer? Thx
If the first time you visited a builder you did not have a real estate advisor present during your first time viewing and meeting the builder, is there anything that can be done to add your representation on after this initial meeting? This would still be prior to any budget, contract, finances, etc.
1, 2, 5, 6. Great types. 1, 2, and 5 where the best types. RGEE
Thinking of buying a new construction Granville home in California. What are your thoughts on Granville homes?
Excellent video, you definitely want to have a real estate agent ready to work on your behalf. Anytime your out browsing thru new construction site's be ready when you fill out their information card to add your real estate agents information to it otherwise it might become a problem later.
Hey Anthony,
Excellent points!
You're so right and that's so true!
What would you like to see next?
I'm going live 3x per week at 9am PST M, W, F with other top agents around the USA talking about the hot topics, if you'd like to join us, here's the link to the playlist: czcams.com/play/PLRT4sgnCVqNecugVWsOgYPoEH0IXc-Tm4.html
Great tips!! Thank you
Hey Karina! Thank you for watching!
I'm glad you enjoyed the tips! Hooray!
What would you like to watch next?
@@AndrewFinney will be great to know a little bit more about different ways and companies so we can have the best rates.
When we started the process we put all the upgrades and things we wanted in a dream home. From the plans to the design studio. Then we would get a price back. It came in a little high. So then they started to make a list of what they could cut and what they weren’t going to cut. We ended up making the house about 300 square feet smaller and instead of a full basement we did a 3/4 basement. That for the price down to what we felt comfortable with. Luckily we really didn’t have to make any sacrifices in the design studio. We got all the upgrades we wanted and felt was important. So I think you should start with everything you want on your dream list. Then if the price comes in high make a list what you can cut and what is important. This should all be done before you start construction.
My sister was the salesperson on our contract since she worked there. She got the commission from the builder. I don’t know how much builders usually will give in incentives but we got a 15k discount since she worked there.
Hi Christine C!
Thank you for watching and for sharing your very insightful tips with us!
You're the best!
Thanks again for watching!
Enjoy a terrific day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
We did the same. Anything structural we kept. But as for decorative: I am able to do a lot. Exterior window or door: kept. Finish trim carpentry: I can do.
Add an interior door (French): I can do.
A list like that.
Builder wanted only $55 for elect to be ran to location of pendants. But $115 more for the light and hung. 😳 Can’t do the elect running but
I know how to hand a light fixture! And buy one for a lot less.
Harry Pouncey We bought all our light fixtures on our own at places like Home Depot. The electrician did hang them. We didn’t want to have to do to much after we moved in. We put our own window wells in for the basement. I think everything else was done except grass and landscaping. I think we did decide on a different kitchen countertop that was less expensive to save some money. We got mostly everything we wanted by just cutting down the size of the house some. But you never know what you can afford until you see the price on paper. So go big and put everything in. Then start deciding what you can go without. The builder we went with sends you through the design studio and everything before you start building so you know the exact price before you start. We did do some things ourself while construction was going on. Extra insulation in the interior walls ect. Our builder was really good and would tell us ok you can go in and do that now.
Standard finish
Hey Andrew, amazing video and advice. Could you make a video on how to become a home builder. I’m currently working for a very popular home builder as a superintendent and im saving all the money I can. I would like to become my own hime builder in a couple years once I save up enough money for a construction loan.
All the questions was great the one that I would say stuck out the most was bringing a realtor with you I would of never thought about that with new purchase
Hi sweetsramust!
Thank you for watching and for sharing with us!
Perfect! Super happy you enjoyed this episode and learned something new!
FYI... I go live every Wednesday at 10am PST to answer questions. =)
What would you like to see next?
Thanks again for watching and for commenting!
Enjoy an amazing day!
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
The reason builders won’t discount their homes is because it messes up their appraisals. With that in mind, they will negotiate upgrades, closing costs, etc. because it doesn’t.
Hi Corbin,
Thank you for watching and for sharing your the main points you learned from this video! Your absolutely right!
Wishing you the very best home buying experience whether a resale home or a new home construction! =)
Enjoy a beautiful day!
Thank you,
Andrew Finney
andrewfinneyteam.com
Please support my channel: paypal.me/andrewfinneyteam
OHHHHH!!!!And here I thought it was because they had to sell each home for no less than a certain amount to be on budget to pay off their construction loan for the entire piece of land! But the appraisal thing is just as likely too! Thanks for bringing that up!
Just found this out too, thank you
True, model homes staging is stunning but the standard finishes are ugly lol
Hi Kate Lynne Baluyot,
Thank you for watching and for sharing your thoughts with us.
Yes you're right, the "standard" finish is quite a bit different then the "glamorous" model!
Thanks again for watching!
Enjoy a great day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
Kate Lynne Baluyot not for all builders
Also keep in mind that most builders only add the standard lighting and power outlets. Any other lighting/power outlets are additional and can cost you a lot in the Design Studio.
Kate Lynne Baluyot ....true but some builders like Lennar homes. What u see is what u get, which is pretty nice. If only the price is right.
Marcela A yeah every standard MainVue already looks like a model
How about hiring a home inspector durning construction phase. New home but that county inspector might miss a lot.
I have heard that you should inspect after elect, plumbing and HVAC are in but BEFORE drywall goes up.
Makes since to me.
Anyone else have anything to add?
Oh yea, take pictures of everything durning all phases: inside and out.
I took pics our current house from a manhole cover (stationary point) to watch the progress.
But I failed to take any of the interior. 😕
24 years later I have learned.
Hi Harry!
Thank you for sharing your insights with us.
You're absolutely right! You can have your own independent home inspector (or engineer) monitor what's happening at the major construction milestones by working with the builder's construction manager.
Best practice here is when you and your buyer agent meet up with the builder to tell them upfront that you will be having an inspection done throughout the process. Ask for the construction manager's info and send it over to the he home inspector's you have in mind so they can work out a schedule.
Thank you so much for sharing your wisdom with us! YOU ROCK!
It is prudent to have a pre-drywall inspection performed by a reputable home inspection company. Many people also have a standard home inspection prior to closing. Some homeowners even have an 11 month inspection prior to the standard end of the one year warranty most big home builders provide.
Just saw your video and wow ! Thank
You very very much for your informative video! We are buying a KB home and have our studio appointment Jan 28th. I have a realtor friend that I wanted to put instead of this other realtor that is not helpful at all! I want a great realtor to represent me and have my back but haven’t spoken to her since the first day we seen the model home. Now I feel like this realtor is lazy and won’t do anything to help me with the contract and to make sure I’m getting a good deal. What do I do?
nice information thank you hasmukh patel,
Thank you Hasmukh!
What would you like to watch next?
What do you think about Ryan Homes?
Nice video👌. Can you do a brief video about how to deal with lot premiums.
Can the builder quote you a price on a home and then increase the price as he finds materials are costing him more? If I sign a contract for one price can it escalate before the house is finished?
Great video. I think you did a good job covering most big topics. Having recently negotiated with 2 national builders I have learned that there is no cost savings at all to not having a buyers agent so you should bring an agent. I put my agent down on my first visit even if she couldn't be with us. Everyone has to determine the deal they make with their agent so work with your agent and put in an offer. Then if things go well and your offer is accepted google the heck out of upgrade options because that is the fun and stressful part :) Great video S/F Rich
You were able to put in an offer on a new construction home during building phase?
Wait can you please elaborate on the part where you said google the heck out of upgrade options? We are waiting on the call this week to say they are now selling the plot we want so we can get there right away and put that earnest money down before anyone else does. I want to know what you meant about the upgrade options. Thank you!
@@groove269 No, all the negotiations happened prior to building.
@@1seximami37 some of the options your builder will offer will be very reasonable so you wouldn't save much money by doing it after you build. Pre-plumbing for outdoor kitchen, pool equipment, crown, etc... was reasonable with our builder. Putting in a pool and outdoor kitchen was expensive and also we didn't like the options. So, know what the exact options are and if you really like them get them. If you don't love them save your money and do it after!
Ialana Rhea-Butler Ask your builder the person you are working with to give you the option sheets on the home you have interest in so you will have an idea of some of the cost on things you might want... I am doing the same thing in December we are not taking a lot of upgrades in the house just the basic...we will later about a month in put down hardwood floors and a kitchen cabinets ...some people take a lot of upgrades I think some of the upgrades can get extremely expensive but you should do the ones that you need at the construction of your home
All good advice! Many thanks!
Glad it was helpful and than you for watching! Please share it with someone else you think it will help too.
Let us know how everything works out for you.
Sending you positive mojo everything goes the way you'd like! =)
Very helpful thank you so much 😘
Hi Loan Tran,
Thank you for watching and for sharing with us!
Appreciate your support and happy this video nailed it for you! =)
What would you like to see next?
Thanks again for watching!
Enjoy a terrific day!
Thanks,
Andrew Finney
www.andrewfinneyteam.com/
Hi Andrew. Great video. We are looking at a new home on Saturday. Pivot community near green valley. Have you heard anything about that community ?
Hi Michael Petty!
Thank you for watching and for reaching out. It's great to hear from you!
Yes, Pardee homes is building the Strada at Pivot Community in the Green Valley area offer 5 floor plans ranging from the low to high 400's. Looks like a great community. They currently have 4 move in ready homes priced from 450k- 495k. The 5 plans they provide are contemporary design.
www.newhomesourceprofessional.com/glvar/community/nevada/las-vegas/pivot/112180
Yes, I'm here in Las Vegas. Please feel free to reach out to me directly at: Andrew@AndrewFinneyTeam.com
Thanks again for watching.
Chat soon,
-Your Real Estate Geek, Andrew Finney
Are you in vegas Andrew ?
Some builders offer "Spec Houses" (speculator)..please drill down into advantages/disadvantages.
SpeculaTIVE homes
Thank you so very much for this video. All of the tips were very helpful; but, the tip regarding the agent really hit home. I am looking to purchase a new construction home by the end of the year, will definitely keep these tips in mind, and for sure use an AGENT!!!
Hi Tanya,
I'm stoked this video nailed it for you! Yay!
Absolutely, it's prudent to have your own buyer's agent when buying new construction or resale homes for that matter. I'm delighted you zeroed in on that point. =)
Thank you for watching!
What would you like to watch next?
Wishing you all the best my friend with perfect health and safety always! =)
@@AndrewFinney I currently in the process of watching all of your videos and trying to self educate myself as much as possible.
Do you currently have a video on the difference between the various types of lenders (VA, FHA, etc) or even cash sales?
Thank you so much for you insightful help; it is greatly appreciated.
Be blessed and safe!!!
@@tanzy6384 Yay! That's fantastic! You'll be one very savvy home buyer moving forward!
That's a great question. Some of my older videos (under the home loans playlist) have each type of loan broken down. I don't believe I've created a video sharing each type in a single video. That's a great idea as well as chatting about how to buy a house with cash.
Thank you for the great video ideas! Added it to my list! =)
Wishing you and and yours an amazing weekend!
Chat soon my friend.
I appreciate the advice. We are looking into a semi-custom built. Do you think its worth upgrading the insulation worth 1.5K?
Thank you for watching. Yes, upgraded energy efficient components is a good idea in my opinion. It will also help lower your monthly every bills and pay for itself over time. Not too mention a slight addition as a sound barrier compared with a home without the additional insulation. Congrats on your new home. 👏
Mr Finney I just signed a contract for a townhouse to be finished built in 6 months, would you recommend me to hire a lawyer? Thanks
Hi Andrew. Can you do a review on LGI homes
LGI is pretty descent tract builder I bought one before, nothing special but good price point similar to smith Douglas or dr Horton maybe slightly below caviness all depends what state
Trusted realtor. How do I research a realtor? I connected with a realtor in Weatherford, Texas via Zillow. How can I make sure the realtor is a good one.
I’m Army Vet, would like to know veteran loan vs convention vs FHA loan
Call a banker
Im getting Matt damon vibes lol
Thanks for the great video! We are currently looking to build on our lot (already paid in full) and using a building company, Reality Homes. I hadn’t considered hiring a real estate agent to help negotiate and ask questions doing the design process. Would you think it would be worth it, even if I’m not building in a “new community?” How much can I expect to pay (ballpark) for realtor for assisting with a new build?
Thanks for all these educational videos. Would you make a video if you were a New Home consultant doing a walk through of the model home along with discovery questions? Tips for beginner New Homes consultant?
What are some of the best homebuilders you know about in the Greater Houston area?
I am a Realtor in Houston Maxsane and am working with a new construction client right now. If you're interested in a consult, just shoot me an email myteamtoms@gmail.com
Even if the builder has a preferred lender, there’s regulations that protects consumers for the mortgage.. the lender will not represent the builder. They have their own guidelines and regulations which ultimately protects the borrower.
Hi Carolyn Hurtado,
Thank you for watching and for sharing your insights with us!
What would you like to see next?
Thanks again for watching! =)
Enjoy a marvelous day!
Chat soon,
Andrew Finney
www.andrewfinneyteam.com/
Do not buy dr horton u will regret it. I know 1st hand. Thankfully I sold mine and got out of it. Use a private inspector. If u can watch them build it. I've seen them throw houses up. Its crazy.
Turns out our new build is 21sq. smaller than the layout. The builders’ rep said. “Well dimensions and square feet are only approximate”. I guess it bothers me that I didn’t know there would be a difference until I read it in our final contract.
Heads up folks.
Hi Jaye Nicholson,
Thank you for watching and for sharing with us!
Check the show more description of this week's live stream timeline for the minute marker giving you a shoutout: czcams.com/video/_ahFDFELy-g/video.html
What would you like to see next?
Enjoy an amazing day!
Thanks again for watching and commenting! =)
Chat soon,
Andrew Finney
www.andrewfinneyteam.com/
Is there such thing as a real estate agent that looks out for your interests before their own? I haven't seen one.
Thank you for watching Krazy kewl. Yes, actually many more than one might think!
You just watched a video by a real estate agent the cares about others (I don't even know) so much that it's fueled my passion to create nearly 700 videos on CZcams at this point to better help people make sense of real estate.
Sure there's bad eggs here and there... Just like in any industry. You can probably think of a few now... That said, many more are great people working hard to help their clients succeed.
If you don't have an real estate advisor on the first visit, is there any reason you can't change that. We did say we didn't have a buyer's agent.
Hi.. did you ever get an answer? We are in the predicament. Thanks
Please keep in mind why the builder is paying your agent a commission. The idea is that the agent was the procuring factor that brought you to the community as a prospect.
If you wish to add an agent later you are probably welcome to do so, but you would then need to pay the agent out of your own pocket, not the builders'.
I've built almost 100 new custom homes up to 3800 sq. ft., including garages, duplex's, etc,,, New home buyers best bet is to find a reputable Contractor/Builder, not some Pompous Ass builder that is never there but to take your money, but someone like me to go through the home before you buy it. There are some very bad builders out there that hire cheap Subs and the end results is a Sub Par piece of shit that leaks, settles, squeaks, foundations breaking, slabs breaking, black mold, etc, etc,,, only to find that they hide the repairs. That's the best advice. I'm a retired Contractor and hired someone to build my home and I came in at the end of everyday and checked out the work being done and made sure it was built to MY standard. That's you best bet. A good contractor knows what to look for and where to look for it! Realtors are just like a Used Car Salesman, never trust them and never believe them!
Are Ryan homes good??
Rah 🤙🏼
If they offer a 3% off closing costs, is that good?
Also in your experience, is Richmond American's reputation really bad? I saw a video where in Utah they failed to fix different buyer's home issues? Or is it common problem and a risk with all builders? Or how do we avoid running into these issues?
I live in northern California.
And if we already went to see homes without a real estate agent, is it too late now to get one?
Thank you so much
Hi Bea!
Thank you for watching and for your great questions!
1. Richmond American is a major national level builder, so please take reviews/ comments with a grain of salt given that they build thousands of homes every year. That said, great job checking out their reviews. From my experience with them here in Las Vegas, NV they are excellent builders and do right by our clients. =)
2. That depends... Did you sign a registration card or give any of your personal information to the builder's agent? If so, it could possibly preclude you from having your own representation. If not, then you're good to go. Please note, that if you select a different community, even if it's the same builder, if you registered at the other community, it shouldn't cross over into the new community. Depending on the builders, if you a register with a builder but do not move forward with buying, then usually after 30 days the registration is considered expired.
Hope this helps!
What would you like to watch next?
Sending you positive mojo for an amazing week my friend!
@@AndrewFinney thank you so much for your prompt response! Very helpful.
We're in the process of home shopping so we've been to a few builders model homes without an agent and we have signed the registration card. Saw your video too late.
I'd love to see a step by step tutorial on what to ask and do once we find the desired home.
For instance,
We don't have any money for down payment.
The house we looked at is around $589K
The interest rate I hear is record low 1.29%
Should we take out a loan to cover the 20% down payment and closing costs?
Should we or do we qualify for 3, 3.5 or 5% down payment instead of 20%?
What do you recommend?
Thank you so much!
@@AndrewFinney thank you so much for replying. I have a dumb question.
Is it a good idea to buy a new home when there's no money for down payment?
So if borrowing say 10% from a bank, would the interest rate be higher?
Or is refinancing the current house the best option in order to borrow the 10% for down payment? Would the rate be lower?
I think that by doing so, I'd be doubling the amount of debt of current house as well as the time it'd take to pay it off. Would you recommend that?
Thank you so much.
Oohrah Devil-Dog!
Hi Nicholas Stenta,
Thank you for watching and for your outstanding support. Oorah & Semper Fi brother!
Gave you a shout out or few in today's live session. Yay! Here's the link: czcams.com/video/Mo-Jh6qdbwI/video.html
Hopefully we'll catch up in the next live session. I go live every Wednesday at 11am PST.
Thanks again for watching!
Enjoy an amazing day!
Thanks,
Andrew Finney
www.andrewfinneyteam.com/
Hi Andrew. We are looking to buy a new build home in Lathrop, CA or Los Banos, CA. Do you know of good and trust worthy realtors there? Thanks for your very helpful video.
Oh wow! My friends are looking at new developments in Lathrop! Their lender is really diligent they said! Www.marvaclayton.com ☺️ Blessings on your future home!
looking for a realtor in pont vedra/st augustine area
Hey my maiden name is Finney. Lol I don't see many people with the name. I have one question, I see that you are a Vet as well, so in your opinion would it be better to use a VA loan or use one of the lenders that the builders recommend? Lately I've just been seeing the perks are only if you use their lenders. This is not my first time buying a home but it is my first time looking at new build homes.
Hi Carlie M,
Thank you for watching and for sharing with us! Your rock!
Lol... That's so true! Seems like not many Finney's running around the globe! lol...
To be honest, see what they have to say. At the same time, do yourself a solid and get another opinion from a local loan officer not affiliated with the builder. In specific, look at your rate. A lot of builder's are providing upfront "incentives" towards buyer closing costs or design studio credits BUT.... Not sharing that a buyer's rate will be higher through their preferred lender to offset the "incentive."
That's one of the many reasons why buyer's need their own trusted real estate advisor with them, preferably one familiar with new construction.
Here's a video with 20 more tips about new construction homes: czcams.com/video/Gh580ABhxvg/video.html
What would you like to see next?
Thanks again for watching Carlie!
Enjoy a great day,
Andrew Finney
www.andrewfinneyteam.com/
@@AndrewFinney yeah we did a 30 year with a fixed interest last time. The crappy part is the with the VA the loan is contingent on our home being under contract, negating the original loan. Its kind of mind boggling to try and nail that window between selling and buying.
Hi, we recently bought the new house from toll brother. it is under construction now. unfortunately, we just found out about serious foundation cracks problems, and the city is involved, we want to know if it will affect the selling price later even they fix it. Because as I was aware, the foundation is not easy to fix, and better to redo it. Toll brother wants to hide this problem and only the assistant showed up and trying to talk us down, do you have any suggestions for this situation? Any suggestions we would appreciate a lot.
That is serious. Were you able to get it fixed? Where is it located?
My husband is a stationary engineer and no way will you get an AC unit for that cheap lol.
I cannot ever accept not being able to negotiate price.
Spend a little money and hire a Real Estate Appraiser that knows the market.
Donald Martin interesting... why? If you get into contract on a hone then your lender will order an appraisal but you can’t select who does it.
The 10 year coverage is worthless.