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seller fiancing a home - is it your best option?

Are you thinking about selling your home? Has someone approached you about seller financing the home? Is this an option that you need to know more about? Working with a real estate agent can help you avoid costly mistakes when selling your home. He or she can help you learn about seller financing and determine if it would be a good option for you to consider. My real estate agent helped me sell my home to a wonderful family that didn't have credit that was established enough to take out a traditional mortgage. Visit my site to find out what we looked for to determine if this was a wise decision for us to make.


seller fiancing a home - is it your best option?

Questions To Ask When Buying New Construction

by Dan Vasquez

Buying a brand-new house is comparable to buying a used home in some ways, but it is different in others. When buying new construction, you might want to ask some questions that you might not ask when buying a used home. Here are some of the top questions you might want to ask before buying a new construction home.

What Does the Price Include?

When you buy new construction, you might find a house that is completely finished. You might also find one that is still under construction. If the home is completely finished, you will see what the price includes. When a house is not finished, you might want to ask what the price includes. For example, will the contractor finish the yard? The yardwork is not always included in the price of new construction. You might also want to ask about the appliances if they have not yet been installed. The listing price may include appliances, but there is also a chance it might not. When you ask this question, get the answer in writing so you have proof of what the contractor agreed to include.

Is There a New Home Guarantee?

The next thing to ask is about the new home guarantee. Most builders offer a one-year warranty on all new construction, which covers all the repairs and issues you might have in the first year. However, this warranty does not cover normal wear and tear.

Should You Get a Home Inspection?

Many people feel that they do not need a home inspection when buying new construction, but this is not true. You should hire an inspector when buying any home, even if you buy a brand-new house. Getting the inspection is vital, as it will tell you if the home has any issues.

When Will the House Be Done?

The final question to ask is when the house will be completed. This question is vital if the house is still under construction. The contractor can give you an approximate timeframe that tells you when you can expect to close on the home and move into it. You will need to work on your loan during this time to ensure that you can move in as quickly as possible.  

Moving into a brand-new house is exciting, but you should take your time as you search for the right home to buy. Contact a new construction home realtor to learn more.