“Let’s Talk Real Estate! “BUILDING CONFIDENCE” December 19th, 2018
Lets Talk Real Estate!
Even when buying a new home from a builder, it pays to work with a real estate broker in order to protect your interests. To begin with, buyers should be sure that any earnest-money deposit they make be put into an interest-bearing escrow account held by a third party, which may be a licensed broker. This is especially important when construction has yet to be completed. Even when construction is completed, unpaid subcontractors may still be able to file legal claims called, “mechanic’s lien” against the property, which must be settled before a clear title can be established. Thus, buyers should require that the builder supply proof (lien waivers) in the sales contract that all the sub contractors have been paid. There is a common misconception among buyers that the process of buying new construction is pretty straightforward: walk into the builder’s office, pick a lot and design, and sign on the dotted line.What many potential buyers don’t consider is that the friendly salesperson at a new-home site is representing the builder, not the buyer. Buyers who are not represented by a realestate agent are taking a big risk with what is probably their biggest investment. For information, please give us a call. We are a privately owned agency that is not governed by a large corporation. “OUR SUCCESS HAS BEEN BUILT ONE SATISIFIED CUSTOMER AT A TIME.”