The thought of acquiring a brand new home can be quite tempting. For one, you won’t have to inherit somebody else’s worn out property or have to pay extra for acquiring a brand new, ready-built one. In addition, you also won’t have to go through expensive repairs. Since you’re building from scratch, you can get what you want and more! However; we’re sorry to burst your bubble, but it’s actually not that easy. Keep in mind that buying a new home requires you to meet and negotiate with the leading house builders in Adelaide.
If you go through this process unarmed with knowledge, you’ll end up on the losing end of the spectrum. That’s why we prepared some essential tips to help you land the home of your dreams without having to go through hardships.
Consider Hiring a Real Estate Agent
It’s not necessary, but it can make a huge difference when buying new construction. When you visit a display home or village or meet with a home builder, you’ll likely encounter a sales agent who will do anything they can to persuade you to consider their advertised property. However, their interest might not go in line with yours, and you might end up falling for what they say. With a real estate agent, you have someone who will keep you in check and make sure the property you acquire will be something that you will truly love and appreciate.
Don’t Use the Builder’s Lender as Your Go-to Option
The leading house builders in Adelaide prefer their own mortgage lender for a variety of reasons. Not only does it reduce their costs and helps keep the business in the house, but it’s also easier for both parties to be informed of the entire transaction progress. However, that doesn’t mean it should be the automatic go-to option that you should take. Keep in mind that there are several factors that you need to consider, namely the following:
- Consider alternate sources to find a lender.
- Get multiple quotes from different prospects.
- Research and interview your prospective lender.
- Look beyond interest rates.
Obtain Legal Advice Before Pursuing a New Home
Before you even agree on a deal and sign a purchase contract, you might want to talk to a real estate lawyer to help you with your decision. Standard purchase agreements don’t necessarily contain any condition that involves protecting the buyer. So make sure you obtain legal advice first before you sign the dotted line.
Click here to browse the top real estate lawyers in your area. You can also browse for the leading house builders in Adelaide here.