Purchasing new construction

Partnering with a knowledgeable agent is crucial when shopping for new construction, and is here to help you navigate through your options in the Clayton area.

Gain an advantage when negotiating new construction in Clayton with Rhodes & Associates Realty as your real estate agent - (314) 252-8955

In real estate, you can always negotiate. However, with new construction, it depends on the builder and how long the home has been available. Developers in new additions don't like taking lower than their asking price because homeowners 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 current market conditions, developers have been known to allow a few concessions.

For example, if 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 finished, don't count on being able to get a deal.

In situations 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 more amenities, like appliance upgrades, 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.

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 they become your problem. 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.

Finding you a new home that meets your needs and matches your budget will be my #1 priority. Give me a call at (314) 252-8955 to start the search for your new home today.

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