Expert advice on new construction purchases

It's essential to have the right agent present when shopping for new construction, and is here to help you navigate through your options in the Pensacola area.

Gain an advantage when negotiating new construction in Pensacola with Xcellence Realty INC as your real estate agent - 850-232-8844

In real estate, negotiation is always an option. However, with new construction, it depends on the developer and the length of time that the home has been available. Developers in new additions avoid bending on 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 the local market, developers have been known to allow a few concessions.

For example, if it's a recently completed home, you have little to no negotiating powers. But if the home has been sitting fully furnished, like a show or model home, and there haven't been many offers - then the builder might be willing to work with you. The longer the home has been on the market, the more the builder has invested.

In cases where a builder won't budge, ask for assistance with other aspects of the transaction. Ask for help with 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.

Just because a home is brand new, it doesn't mean that it is immune from needing repairs. Be sure to get a home inspection before purchase so that issues are handled and also negotiate a home warranty. Then, about 10 or 11 months after purchase it's worth it to pay for an inspection and get anything else repaired before the warranty expires.

Finding you a new home that meets your needs and matches your budget will be our #1 objective. Give us a call at 850-232-8844 to start the search for your new home today.

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