10 Ways to Save Money When Buying a New Home

Wednesday, December 4, 2019
10 Ways to Save Money When Buying a New Home

10 Ways to Save Money When Buying a New Home

Scottsdale - Although most homes for sale are resales, one out of four homebuyers purchases a new home.
Which is better: existing or new? The right answer, of course, is up to you. Both resales and new homes offer
Existing homes are less expensive on average, and are generally closer to, and enjoy the warmth and surroundings
of established neighborhoods, often with mature landscaping.
New homes, on the other hand, offer innovative use of space, greater energy efficiency and choices of options and
upgrades. Everything is new and modern.
Most people consider both new and existing homes before they decide to purchase. We will give you 10 invaluable
tips for first time home buyers to save you time and money when purchasing a brand new home including some little-
known home buyers tips that most builders may not tell you.
To begin with, here are 4 of the 10 first time home buyers tips that you should know about right now.

1. Get in Touch with Your Agent.
Before you visit your first model home, sit down with your agent and do your homework. You’ll want to be prepared
so that you can determine a comfortable price range for your new home.
Determine a Comfortable Price Range
If you own a home, you’ll first need to know the net proceeds from its sale in order to determine how much cash
you’ll have to work with. Don’t simply estimate this but carefully calculate every possible selling cost. If you’re a first time
buyer, you’ll need to first qualify your income. Determine the size of your downpayment, then work out a monthly debt
load so you can determine a comfortable price range.

2. Get the Facts About Your Builder.
Before making a final decision, it is wise to check out the reputation and financial strength of the builder. Get “spec
sheets” on home features covering everything from floor plans to energy efficiency, including lot availability and delivery
of your home.

3. Be Sure the Contract Works in Your Favor!
When spelling out the particulars of an agreement with your builder, ensure you protect yourself by having
safeguards written into the agreement, such as:
• placing your deposit in escrow
• detailing your upgrades;
• allowing you access to the construction site to check on progress;
• a 30-day advance notice of the closing date.
• an explanation of what the fine print means in the warranties of the builder and manufacturer.

4. Financing?—?What’s Best for You?
Some builders, especially in high-volume communities that place large numbers of loans, can offer special
financing packages. However, because “home loan” lending is highly competitive, you have many financing choices
other than those being offered by the builder. Shop around for everything, from rates to lender fees. Appraisals,
inspections, surveys, attorneys and closing fees can vary as well.
So there you have it. These are just 4 out of the 10 to draw attention to this very important topic. If you wanted to
view all of the 10 first home buyers tips, I have put together a free report entitled “New Homes - 10 Tips to Save You
Time and Money." which explains the tips for first time home buyers in more detail.
You can grab a copy of this report for free by visiting http://www.toddgulinsonrealtor.com/ or you can give me a call
at 1-844-310-9514. 
Thanks a lot for reading this week’s blog and may you find a way to your new home!
Todd Guilinson

Your Home Sold Guaranteed or I’ll Buy It* - If you or anyone who know is considering on making a move, feel free to
give me a call or pass on my number! 1-844-310-9514.