Buying a New Construction Home in the Tampa Area
Buying a new construction home is exciting—and it comes with a lot of perks. Everything is brand new. You can often pick out the final finishes and colors to suit your taste. There won’t be a list of things to fix or update before you move in. Everything will be up to modern design standards, and you might even snag a few energy-efficient features too. But the number of decisions to be made and the number of details to be considered can be complicated, intimidating, and even completely overwhelming. This is especially true if everyone involved in the building process is there to represent the builder’s best interests rather than yours.
That’s why you need your own Realtor or Buyer’s Agent to represent you and guide you through the process. At Inside Tampa Homes, we’d love to be your go-to experts and guides throughout the new construction buying process. Want to learn more about buying new construction in Tampa Bay? Contact us at any time.
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How We Get You the Best Deal When Buying New Construction in Tampa
When buying new construction, it’s important to work with an agent experienced in helping buyers purchase new homes. When you team up with Inside Tampa Homes, here’s what we do for you.
Provide buyer representation to you at no cost
Tampa-area builders welcome and often encourage buyers to find a Buyer’s Agent. Typically, the builders (the seller) cover the commission for both agents, so you don’t pay anything for having your own agent.
It’s very important that you have your own Realtor with you the first time you enter the builder’s office, or at least tell the sales agent right away that you’re working with your own agent. Otherwise you may be asked to sign on with an agent working there—who is working for the seller, not for you.
Help you research neighborhood and builders
Before you start searching for homes, it’s important to do a little research—into the area and its builders. At Inside Tampa Homes, we can help with both! We work a lot with new construction buyers, so we know the reputation of local builders. We can help you find reputable builders, or determine if a builder in a neighborhood you like is worth the investment.
We can also help you answer important questions about specific new construction neighborhoods, like whether areas around it are zoned for future development, whether it’s in a flood zone, whether the area is quiet or heavily trafficked, and more.
Negotiate price and extras on your behalf
Many buyers believe that a builder’s price is set in stone and it’s a “take it or leave it” situation. While many buyers won’t budge on their base price, there is actually a lot of room for negotiation in other areas. Builders often have incentives they don’t advertise—but a good agent will figure them out.
Having a Realtor with keen negotiating skills is the key. Are any of the upgrades you fell in love with price negotiable? Nearly 90% of the finishes you see in a builder’s model are not standard features and require an additional cost above and beyond the quoted selling price… but these additional costs are often negotiable. A good agent may also be able to get the seller to pay for certain closing costs.
Review the contract
Once you make an offer, the builder’s agent will draw up a 40 – 50 page contract containing a lot of legal jargon. Unless you have bought multiple new homes, you likely will be confused by the language and deadlines in the contract. That’s where we come in. We can help you review the contract page by page to ensure you understand what you’re signing and to answer any questions that come up.
Walk you through the home inspection
The builder will likely offer a quick walk through “New Home Orientation” prior to closing. They’ll give you a brief tour of the new systems in your home, and you can point out any cosmetic discrepancies you happen to see. However, we recommend going one step further.
Even though everything is new and the home has been inspected by the builder, we always recommend hiring your own inspector to go through the home in detail before you close. We can recommend high quality local inspectors that will take the time to ensure you’re getting a home in perfect condition.
Most builders offer some kind of warranties. But not all warranties are created equal. It’s important to look at and understand the fine print of each warranty to know exactly what is covered and what is not.
At Inside Tampa Homes, we can help you get to the bottom of the legalese and fine print so that you understand exactly what is covered, what you’ll be paying, and what you can expect from your home in the years to come.
Buy New Construction with Inside Tampa Homes
The Inside Tampa Homes Team is certified in New Home Construction, and we have helped many buyers choose a reputable builder in the right neighborhood. We ourselves have built three custom homes and LOVE guiding people through the process of builder selection and negotiations. We are by your side from start to finish! It would be a pleasure to help you navigate through the new construction process. Call us to get started!