Similar to the resale home buying process, the buyer does not pay the real estate agent’s fees, the builder does.  Most builders today anticipate buyers to be working with their own realtor and have planned their budget for the community development accordingly.   However, most builders require that the agent accompany and register the buyer on their first visit to the builder’s model home or community. It’s essential that you inform the builder that you are working with your own agent and document your agent’s name on the visitor card when you visit the sales center for the first time. If you “just “stop by” without your realtor on your first visit, you could lose the opportunity to be represented by your own agent.

Remember, you are making an investment now with decisions that will impact the resale value of your home later. Beyond upgrades, consider the location of the lot (what it’s fronting or backing into) plus the home’s proximity to schools, greenspace and amenities. Key features that the next buyer may value.

Builders don’t like to reduce their prices as it sets a precedent for future home sales. They are more likely to negotiate closing costs or offer incentives than drop their prices. You may be able to convince them to include extras that are not part of their standard package such as AC, central vac, extra pot lights, eavestrough, upgraded flooring and countertops, landscaping, decks, fences, paved driveways, etc.  The amount of negotiating possible will vary from builder to builder and likely be affected by market conditions at the time.

My job is to make sure you have all the information you need to make an informed decision – and just as importantly, avoid potential problems. As your representative, I know the key questions to ask and how and when to communicate with the builder:

There is a wide, and often overwhelming, variety of paperwork when you purchase a new construction home or condo. As your representative, I will help you through the process,  explain the “legalese and fine print”,  and things the builder might not be telling you.  I’ll also ensure you are familiar with the Tarion Home Warranty program and the different inspections and warranty periods – an absolute must if you are purchasing a new build.

Here is a general list of what’s typically included in a builder’s agreement.  Each Builder does things differently and has their own business standards processes tor deposit amounts and submissions.