Checklist for Buying a New Home in Gilbert AZ
Get Representation. The builder's sales agents are paid to represent only the builder, regardless of what they may tell you, and may use high pressure sales tactics to persuade you to sign the contract. It is to your benefit to find a buyer's agent to represent you. In most cases you won't even have to pay your agent, because the seller pays the agent as an incentive for delivering a buyer to them. Your own agent will represent you, be your fiduciary and is required to disclose the positives as well as the negatives about the transaction. Be assured that the builder's agents will look for every opportunity to avoid discussing drawbacks with you.
Verify Option and Upgrade Pricing. Determine which options and upgrades you want, bearing in mind that many builders make the bulk of their profits in upgrades. Find out whether your financing will cover all the options/upgrades you have chosen. If not, you will be required to pay for them in cash.
Ask about cancellations and whether you will be held liable for items the builder cannot return to a vendor.
Some contracts give the builder the right to choose your upgrades if you do not submit your request within a certain period of time.
Check Out the Builder's Reputation. If a buyer has a bad experience with a builder, the word spreads rapidly throughout a community. Talk to the neighbors and scrutinize the construction quality of surrounding homes. Ask your buyer's agent whether the builder is experiencing financial difficulties, such as liens, foreclosures, excessive law suits, or bankruptcy. This information is all public record and your real estate agent will have easy access to it.
Home Inspection. Always, always, always hire a licensed and accredited individual to perform a home inspection when you buy. Be there for the inspection and ask questions because a new home can contain defects. The HVAC system might be too small or the plumbing could be installed backwards. Construction workers make mistakes. If the inspector calls for further inspection by another professional contractor, find out whether the inspector is telling you there could be a serious problem, or the inspector simply isn't licensed to address that issue.
Realtor® Assistance
If you would like help researching builders, neighborhoods, and homes, we are ready to give you the most up-to-date market analysis available, ensuring that you get into the perfect home on your terms. We will compare and contrast all of the builders and new homes in the area, and we will show you comparable foreclosures and resale homes to ensure we get you into the best home to meet your needs. Gilbert is a big town - don't settle until you've found the perfect home.
Home Search
Gilbert Zip Codes
