NEW CONSTRUCTION
Purchasing a new construction home is very different than purchasing an existing home. You should be aware of a few key things when buying a new construction home.
First of all, you definitely need a Realtor representing you. Many people think they don’t need a Realtor because the Builder can help you through everything. But remember, the Builder is the Seller and their primary goal is to make as big a profit as possible. They do not have your best interest in mind. The first time you go into a sales office, your Realtor must accompany you or the Builder will not honor your relationship with him/her. The contract heavily favors the Builder; another reason you need your own representation. There are always incentives to use the Builder’s preferred Lender and Title Company. If you are adamant about using your own Lender and/or Title Company, ask your Realtor for guidance. The incentive may be too good to pass up. In that case, you should move forward with their preferred people and trust your Realtor will be working hard to make sure everything is moving along smoothly. The one thing that cannot be controlled is delayed delivery. You can ask for updates and get angry or threaten lawsuits, but it won’t matter. It will be complete when it is complete. Try your best to plan accordingly.
Regardless of the incentives, big or small, you still have the right to choose your own Lender and Title Company. Ask you Realtor for help identifying 2 or 3 Title Companies and Lenders. Reach out to them for quotes and see if you get a good feeling when you speak to them. We have been able to match Builders’ fees. It can’t hurt to ask, “Toll Brother’s Title is offering me $500.00 off title services to close with them. Can you match that?”.
Purchasing a home is one of the biggest decisions a person makes in their lifetime. If you decide to select Pruitt Title, LLC to handle your settlement, we promise to keep you well informed and guide you through every step of the process. An extra perk of working with Pruitt is that we close anytime, anywhere, literally. We often conduct the Seller’s closing on a day prior to the Buyer’s closing. And, if you’re out of town, we can facilitate a settlement where ever you are for no extra cost.
Our mission is to help people have a smooth and pleasant closing, no last minute surprises. There is a difference working with us!
Click Here to get a quick quote to close with Pruitt.