Buying a home is exciting and many people think a new home is the best way to go!
Sometimes it is and sometimes an existing home makes sense. First of all you should have a buyer's agent representing you and going with you to look at the properties and write the contract to purchase. Onsite agents are employed by the builder and represent the builder and not you, the buyer. They are not at the walk-through and closing. The buyers agent will be still representing you.
You don't know what is and what is not negotiable when buying a home. A new home seller/builder offers in general closing cost to be paid on behalf of the seller if they use his preferred lender and closing attorney. They do bulk work and that savings will be added on to you, the buyer. Agents with experience know what a builder may pay for other than closing cost and what is negotiable. Many buyers listen to someone tell a story what a steal they had but is it one in reality? You don't know and I won't until I look at the property. I am available as Buyer's Agent and I have the experience and also the designation Accredited Buyer Representative ABR.
New means the house is new, but you still need to give it a thorough cleaning before you move in.
You need Blinds or window coverings
You need a fence perhaps for your dog and privacy
Deck or patio
Buying an Existing Home
Many times an existing home has already a fence, blinds, security system, screen porch, larger patio, privacy fence, mature neighborhood and no noise from construction and dust and trash.
Other than that the little things have been worked out. Because it is new does not mean something cant go wrong.
Lawn is established. New sod needs to be watered constantly as well as new shrubs.
A new home has all one paint while an existing home may have some nicely painted rooms, ceiling fans added and other upgrades done.
A seller may offer a home warranty and also be able to assist with closing cost.
In the end Location, Location, Location matter.
There is a lot more to consider that an experienced Buyer's Agent will see and share with the buyer to insure the investment is a good one.
Rosemarie Averhoff, CRS, ABR
Broker Associate, Realtor
REMAX Metro Associates