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Buying a brand new home can be different than purchasing one that somebody else lived in once before and the process can often be -- here to break it all down for us.
Once again mr.
real -- Bob -- -- us from Vegas.
-- -- -- -- -- -- -- -- -- Good okay up first question if you are dubbed buyer of a new home.
Do you -- your own agent.
You absolutely should have your own buyer's agent and here's why.
The seller the developer is basically representing their pictures you go -- -- you're excited you wanna buy this new home you look at the -- They gave -- this contract.
You have nobody representing yourself as a fiduciary.
I always encourage people if you're gonna buy a new home.
Get yourself a buyer's agent -- talked about the builder Paul the reputation of the development.
What's going on in that area.
Talk about the growth that that area and represented your interest don't just depend on the seller's agent and Bobbitt Sony handy you know -- -- that great big new development and there's the little office right there in that person's gonna wind up represented them you're too much and that seller.
Absolutely and and you you generally when they're doing that there has to be a disclosure and generally there is.
And that's no disrespect to the seller's agents that are going and I'm just saying that.
If you're a buyer particularly those of us who have gone through bad timing -- -- second time -- my new.
Get somebody to be your fiduciary okay represented your interest -- around -- the next few questions when you buy -- -- got us do you have to use the builders lender.
No you don't Steve what they do is the builder again nothing wrong with this they give you incentives to use their own -- her own lender however shop that.
You don't know you're -- the best deal with that lenders so go around they don't care I think they really don't care you have a right to say -- I'm gonna shopped the price of -- shop the interest rates no problem if you go route.
You don't find a better deal that use that lead during get the incentives they get but don't just feel compelled -- -- pressure.
To use that lenders.
They can use the by the developers like -- absolutely you'd be crazy about it investigated excellently shop around what -- you look for when it comes to options and upgrades and new home because the sky's the limit.
This is the problem I will tell you were all the monies lost -- all -- disputes occur -- the language for upgrades and options when you're buying a new home.
Is that an option or is -- an option how much you want -- for the options upgrades.
And this is -- the dispute always comes because the language of these contracts.
Become confusing you go to the design center you pick up -- you pick out you know flooring.
You pick out this is -- an upgrade or was -- part of it isn't an option please.
Please any prospective buyers and a new home.
That's why you need a fiduciary.
To help you with these type of things we think we know enough we'd need help though never enough help from guys like you Bob Matthew thank you very much -- -- -- cancer that's in our.
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