How many times have you driven by streamers flying on a sign that says : “Brand New Construction! Models Open Today!” Of course you want to see the model homes--they are always so beautifully decorated and you can get some great ideas. Plus, it is good to know what the home values are doing in your area. Why not stop in?
The one compelling reason not to go into a builder’s office in the Main Line area is that you will almost always be precluded from having your own agent throughout the process. Unless the builder has advertised to get customers through the local MLS, where they are required to state a compensation for the agents, most builders will refuse to pay your agent unless he or she is with you at the first visit. High pressure, unfair forms, hidden costs, and limited rights are common in new construction if you do not have your own advocate. This Main Line agent has seen all of these issues in one form or another. One client was told the agreement of sale could not be changed at all even though other agents had been given preprinted riders with more favorable terms in their deals with the same builder. Some builders try to require that the buyers use an affiliated title company who may not be willing to offer as comprehensive title coverages. Most builders control the deadlines so that buyers have no idea when they will actually be able to close, making loan applications and interest rate locks vey difficult. Many agreements have only general descriptions of what is included in the price and buyers then are being asked to pay extra for things they were sure were included when they went through the model.
Take your agent on that car ride and into those builder models! You will be glad you did.
Once the kids have left the nest, you may be wondering what to do with all of the extra space in your home. Chances are, you don’t need four bedrooms anymore, and it may be a great time to sell your house and downsize, maybe even into a single-story home. You’ve likely gained significant equity if you’ve lived in your home for a while, so making a move while demand for your current house is high could be your best step forward toward the retirement goals you set out to achieve several years ago.Read More
Who doesn’t love a house with a porch? It just says: Welcome to our home! Here on the Main Line, many of our best neighborhoods boast porches of all shapes and sizes. This Main Line Realtor loves a porch so much that I had one added to my house where none existed before. Now almost every night, I can greet my neighbors as they walk their dogs or their children (or both, in many cases) down my street.Read More
Buyers are actively searching for and purchasing homes at a record-breaking pace. According to the latest report from the National Association of Realtors (NAR), in July 2020, 68% of homes were on the market for less than a month. With homes moving from listing day to pending sale in an average of just 22 days, it’s a great time to sell a house.Read More