inception-app-prod/OTBlZjMzM2EtZTQ1Yy00MTE3LTgxODQtN2IxZThiYWE2MDVi/content/2020/10/a2VsbGVyd2lsbGlhbXNwcmVtaWVycmVhbHR5bGFrZW1pbm5l.png
inception-app-prod/OTBlZjMzM2EtZTQ1Yy00MTE3LTgxODQtN2IxZThiYWE2MDVi/content/2020/10/a2VsbGVyd2lsbGlhbXNwcmVtaWVycmVhbHR5bGFrZW1pbm5l-2.png
We are here to help!
  • Home
  • The Team
  • Community Videos
  • Buyer Resources
    • Deciding How Much House You Can Afford
    • Creating your Home Wish List
    • Location, Location, Location
    • Opting for New Home Construction
    • Seven Main Roles of a Buyer’s Real Estate Agent
    • Eight Important Questions to ask your Agent
  • Land Development Opportunities
    • Symes Development
  • Contact
  • Realtors in Real Life
  • Listings Search
    • Search Properties
  • Excelsior Concerts in the Commons 2021
  • Underwater on your Mortgage?
  • Testimonials
  • Unique Properties
Bateson Real Estate Team
inception-app-prod/OTBlZjMzM2EtZTQ1Yy00MTE3LTgxODQtN2IxZThiYWE2MDVi/logo/2020/02/rick-bateson-photo.jpg
612-850-1916
rickbateson@kw.com
Sign In
Sign Up
inception-app-prod/OTBlZjMzM2EtZTQ1Yy00MTE3LTgxODQtN2IxZThiYWE2MDVi/content/2020/10/a2VsbGVyd2lsbGlhbXNwcmVtaWVycmVhbHR5bGFrZW1pbm5l.png
inception-app-prod/OTBlZjMzM2EtZTQ1Yy00MTE3LTgxODQtN2IxZThiYWE2MDVi/content/2020/10/a2VsbGVyd2lsbGlhbXNwcmVtaWVycmVhbHR5bGFrZW1pbm5l-2.png
We are here to help!
  • Home
  • The Team
  • Community Videos
  • Buyer Resources
    • Deciding How Much House You Can Afford
    • Creating your Home Wish List
    • Location, Location, Location
    • Opting for New Home Construction
    • Seven Main Roles of a Buyer’s Real Estate Agent
    • Eight Important Questions to ask your Agent
  • Land Development Opportunities
    • Symes Development
  • Contact
  • Realtors in Real Life
  • Listings Search
    • Search Properties
  • Excelsior Concerts in the Commons 2021
  • Underwater on your Mortgage?
  • Testimonials
  • Unique Properties
inception-app-prod/OTBlZjMzM2EtZTQ1Yy00MTE3LTgxODQtN2IxZThiYWE2MDVi/content/2020/10/a2VsbGVyd2lsbGlhbXNwcmVtaWVycmVhbHR5bGFrZW1pbm5l.png
inception-app-prod/OTBlZjMzM2EtZTQ1Yy00MTE3LTgxODQtN2IxZThiYWE2MDVi/content/2020/10/a2VsbGVyd2lsbGlhbXNwcmVtaWVycmVhbHR5bGFrZW1pbm5l-2.png
We are here to help!

Opting for New Home Construction

Whether to buy an existing home or have one built is yet another decision to make during the home-buying process. If you decide to go with new construction, a real estate agent can be a powerful advocate in your corner as you negotiate upgrades, a move-in date and other terms with the home builder.
Below are some basic pointers to prepare you for the journey ahead.

Selecting a builder
Shopping for a large production or custom home builder can be a daunting task. Start by defining what architectural styles appeal to you and then seek out the builders in your area who offer those styles. Due diligence is essential. Ask friends for referrals to get firsthand accounts; verify the builder's state license status, if applicable; and check whether they're certified by the National Association of Home Builders.

The builder representative and your real estate agent
A builder representative's ultimate goal is to sell you a home. His or her role is to provide a wide range of information to help you in your decision-making, from building restrictions, roads and easements to inspections, warranties, rebates and upgrades. A real estate agent knowledgeable in new-home construction will be able to help you wade through all the data and point out the downsides and upsides of each line item. Your agent also can look out for your interests in reviewing the builder's contract, which often contains more legal jargon than consumer-friendly language.

It's all about timing
Market conditions greatly dictate a builder's incentive to make a deal you cannot refuse. When a builder has inventory on his hands, his carrying costs start adding up. When this happens, a builder might be more amenable to strike a favorable deal, whether it's throwing in upgrades or taking a bit off the asking price. A real estate agent can help you know when market conditions are right for these benefits. Also, watch for builder close-out sales. Builders promote these special events when a new subdivision is near completion but empty inventory still remains.

A word about paying up
While there are always exceptions, most builders require a deposit when a purchase agreement is signed. They also require that the buyer pay for any upgrades prior to closing. If you back out prior to closing, unless the agreement states otherwise, you will lose that money. Make sure you understand every detail in the builder's contract before signing it.

Send
Submitting
Succes! Your message was sent!
Thank you for your email, we'll get back to you shortly
Oops! Error occurred.

Office

Keller Williams Premier Realty Lake Minnetonka
13100 Wayzata Blvd, Suite 400Minnetonka
Mn 55305
952-475-0111
rickbateson@kw.com

Essentials

  • Home
  • Realtors in Real Life
  • Listings Search
  • Search Properties
  • Excelsior Concerts in the Commons 2021
  • Buyer Resources
  • Deciding How Much House You Can Afford
  • Creating your Home Wish List
  • Location, Location, Location
  • Opting for New Home Construction
  • Seven Main Roles of a Buyer’s Real Estate Agent
  • Eight Important Questions to ask your Agent
  • The Team
  • Underwater on your Mortgage?
  • Testimonials
  • Unique Properties
  • Contact

Explore our communities

  • Community Videos

Consumer Protection & Privacy

  • Accessibility
  • DMCA Compliance
For ADA assistance, please email compliance@placester.com. If you experience difficulty in accessing any part of this website, email us, and we will work with you to provide the information.
inception-app-prod/OTBlZjMzM2EtZTQ1Yy00MTE3LTgxODQtN2IxZThiYWE2MDVi/content/2020/06/batesonrealestateteamclearlogo1.png
inception-app-prod/OTBlZjMzM2EtZTQ1Yy00MTE3LTgxODQtN2IxZThiYWE2MDVi/content/2020/10/batesonrealestateteamclearlogo1-2.png
Real Estate

© 2023 All rights reserved

Created with Placester

Sign in

Sign In
Forgot your password?
Create an account
You have been successfully logged in
The page will reload automatically.
Go to the homepage
Sorry something went wrong
Login or password are incorrect. Please try again.
Try again

Sign Up

Your password needs:
At least one uppercase letter
At least one special symbol or number
At least 8 characters
Sign Up
Already a User? Sign In
You have been successfully registered
Please check your email.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Reset password

Reset password
Return to Log In
Reset password email has been sent.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Change password

Your password needs:
At least one uppercase letter
At least one special symbol or number
At least 8 characters
Change password
Sign Up
Your password has been successfully reset.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Account verification in progress

Account Verified!
The page will reload automatically.
Go to the homepage
Verify your email address
In order to log in to your account, you need to confirm your email address. Please check your inbox!
Go to the homepage

Share this listing

Copy Link