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10 Things To Do When Buying New Construction Homes

Buying New Construction Homes in Bella Vista, Bentonville and Centerton

new construction homes Bentonville AR

When buying new construction homes, it can be an exciting time but there are some important steps that still need to be followed. If you want everything to run smoothly, just follow these tips and you will be in a good position.

Research Local Community – When looking into buying new construction homes, it is easy to fall in love with the property or piece of land without doing more research. However, you need to know about the area and more which is why you should talk to residents and find out about the location.

Use a Real Estate Agent – Recently, there has been many people taking the risk of not contacting a real estate agent but this could be a fatal move. Considering the seller pays commission, the buyer can effectively have representation for no cost; also, many builders like to work with real estate agents. As long as you find an agent that has worked with builders before, they can provide a lot of useful information and knowledge.

Square Feet and Location – Sadly, many people choose to go for upgrades rather than location but this is a mistake because the location is something you will never be able to change. When it comes to choices for flooring, these can be upgraded at any time so don’t focus on them entirely. If you’re given the opportunity to decide between an extra bedroom and special countertops, the former makes for a wiser investment.

Check the Builder – When it comes to builders, there will be some that have worked in the area for an extended period of time whilst others have little experience. For this reason, you will need to read reviews, local court records, and even the state licensing boards. If you want to avoid a builder who could cause you issues later down the line, this is research that needs to be completed. 

Approach a Lawyer – In terms of the contracts, they can be complex beasts which is why paying for a lawyer to give them the once over could prove to be vital. More than anything, this will give you peace of mind that everything is legitimate and safe on your part.

Don’t Price Yourself Out – When first planning the home and deciding what to do, it can be easy to go above and beyond the rest of the street. However, you never want to exceed your neighbors to the point that you price yourself out and look out of place. Of course, you have an opportunity to exceed a little but there is a reason why the saying suggests ‘keeping up’ with the Jones’s.

Understand the Plan – Nowadays, floor plans have become more advanced and many builders will offer you the chance to see your potential home in virtual reality. Although this will help, it can still be a little confusing understanding dimensions so you could always visit a home with the desired floor plan. This way, you and the builders will be on the same page.

Home Inspection – while buying new construction, this is the step that many people forgo because they think that new homes can’t have issues. Of course, this isn’t true so having the home inspected before closing could prove to be a wise decision. If everything is all well and good, you can be happy whilst learning more about the property itself.

Receive Multiple Bids – In most cases, the builder will have preferred closing agents and lenders and these may offer discounts. Despite this, it can still be useful to receive many different quotes to assess your options.

Discover Warranties – Before making any huge decisions, you should understand exactly what is and isn’t covered by the builder’s warranty. Normally, materials and workmanship will be covered for a certain amount of time.

For more information on buying new construction homes in Bella Vista, Bentonville and Centerton call Synergy Realty Group, LLC at (479) 464-9999

Posted in: Blog, Buy Home, featured Tagged: buy new construction, Buying New Construction

2017 US Housing Market Outlook

 

The US Housing Market Forecast is Looking Good 2017 to 2020 and Beyond

housing market Northwest ARWelcome to 2017! I hope you’re feeling good about buying, investing and selling in 2017. More real estate and investment experts are predicting a strong year ahead for the 2017 US Housing Market with almost no risk of a crash downturn. They see existing home sales of 6 to 6.5 million in 2017 along with 160,000 new homes being built per year up to 2024. When builders are feeling optimistic, it’s a good omen.

What’s also a good omen is what you’re going to read in this post. It may impact your choice about many things in 2017, from employment, to finding the best investments 2017 to moving where opportunity is.

Interest in rental income investment and apartments is particularly strong now in places like Dallas, Seattle and San Francisco.  Whether you’re in Los Angeles, San Diego, San Francisco Bay Area, Seattle, Denver, Miami or New York, the outlook for return on investment is positive. See this post on investing in rental income property. Get some tips on how to do a better homes for sale search.

You won’t find too many US housing forecasts beyond 2017, yet we’re looking looking for the best cities to invest in real estate, where to buy a home, and whether this is a good time to sell your home.

Here’s a short list of positive factors that will affect the housing market 2017 and beyond:

  1. moderately rising mortgage rates
  2. low risk of a housing crash for most cities
  3. millennials buyers coming into the main home buying years
  4. a trend to government deregulation
  5. labor shortages pushing up costs of production
  6. the economy will keep going – longest positive business cycle in history
  7. Donald Trump and his “drain the swamp” crew

The biggest factor even for 2017 is Donald Trump. The repatriation of business back to the US may come with a big price — a high dollar and strong inflation. Trump has spoken on another matter that might seem inconsequential – that of forgiving student loan debt after 15 years. Young people including Millennials can’t buy homes because of massive student loan debts that kill their credit scores and keep them unable to save for the downpayment. That’s called a syndrome.

What Trump is doing hopefully, is creating a new spirit for business, that even small businesses might stand a chance in 2017 and beyond. And these are businesses that build and renovate homes, supply services, owned by people across the country who haven’t had a break in a long time (disappearing middle class). This can raise confidence and intent about buying a home, or investing regardless of the price.

And prices for homes for sale in some areas of the country are still affordable — just maybe not Miami, San Francisco, Los Angeles, Seattle or New York!

 

Read more about the 2017 US Housing Market at gordcollins.com

Posted in: Blog, building a home, featured

First-Time Home Buyers Should Avoid These Common Mistakes

First-time Home Buyers Bentonville ARPurchasing a home can often be a bit overwhelming, especially for first-time home buyers in Bentonville, AR. The idea of owning a house for the first time can be exciting yet stressful at the same time. That is why having the knowledge on what to do and how to do it can be a great advantage for first time home buyers out there.

Several factors such as educating yourself in the buying process, finding the right location and the perfect Bentonville, AR real estate agent and not calculating the true costs are often the most common mistakes every first time home buyers make. Awareness of certain issues ahead of time, and picking up some great information on first time home buying tips can make a huge difference along the way. Before diving into the idea of purchasing your own house, make sure to read this to avoid yourself from potential pitfalls and costly mistakes. 

5 Rookie Mistakes By First-Time Home Buyers

(And How To Avoid Them) 

by By Movement Mortgage  |  Jonathan McFadden

This is it: The big one.

You’ve scoped out the neighborhood, saved for your down payment and found your custom kitchen and perfect bathroom tile.

You’re trading the world of rental apartments, condos and townhomes for one of the biggest financial commitments of your life: Your first home.

But you’re new to this and quickly find yourself overwhelmed and confused. As the process unfolds, you realize you didn’t account for all your closing costs; buying a new car last week spooked your credit report; and that home inspection you passed on — that was a really bad idea.

Soon enough, your idyllic dream for a first home turns into a burdensome nightmare.

This scenario could have been avoided if you were aware of some of the most common mistakes committed by first-time homebuyers.

We spoke with loan officers, real estate agents and other home-buying experts to give you a rundown of some of the biggies and tips that might help you avoid headaches and heartache before you sign the dotted line.

Read more at lightersideofrealestate.com

Posted in: Blog, Buy Home, featured Tagged: bentonville home buyers, buy a home in nw arkansas, first-time home buyers, real estate

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Address: 2102 SE 14th St,
Bentonville, AR 72712
Phone: (479) 464-9999
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