How to Buy a Home From a Builder
Purchasing a Home from a New Home Builder Can Be a Great Choice.
Buying a home for a model home builder can be a vary attractive option than that of an older home. You can negotiate the type of fixtures want in your new home, pick the carpeting, flooring, etc. and plan the home to your liking. That being all good, you have to be aware of the downside to purchasing from builders. Here are some concerns:
1. It is prudent to have an independent representative negotiate on your behalf. Many developers invite Realtor to bring their clients to the development to purchase them instead of hiring internal staff. This is an opportunity to have your Realtor represent you in the offer. It’s a smart choice.
2. Ask about the community they are building to determine if they have association dues. These dues pay for common area maintenance, pools, tennis courts, bask ball courts and community parks, upkeep. Sometimes, the dues can be a high monthly some. So, find out, upfront.
3. Check to see if the development has Mello Roos. This is an additional property tax over and above the your customary property taxes. You want to know what the percentage is for Mello Roos in that area, then, you want to add the regular tax to determine your total taxes per year. You can consult with a LendPlus Financial loan agent to determine your total tax amount on the new development. At the same time you can get pre-approved for a mortgage.