BUILDING FROM THE GROUND FLOOR

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IT IS IMPERATIVE TO HAVE PROFESSIONAL REPRESENTATION
In our area, it is expected for a consumer to have representation when constructing a new home. Utilizing a RE/MAX Professional will give you peace of mind. Working with a Builder Representative along with your RE/MAX "Buyer Broker" is an excellent combination. You get the expertise of a licensed Realtor as well as the expertise of the Builder employee.

SELLING EXISTING HOME AND BUILDING A NEW HOME SIMULTANEOUSLY When building a new home you need to set a few time lines for yourself and your family. If applicable, one of the very first steps is to decide when to sell your existing home and when to start the new build process. When using a RE/MAX professional you can be guaranteed to get the very best advice regarding timing.

SHOULD WE BUY A VACANT LOT, HIRE AN ARCHITECT, BUY IN A SUBDIVISION……
What should we do? Buy a vacant lot? Find a Builder that will build "off site", go to a local builder in subdivision, buy magazines with floor plans to select our dream home, hire a custom builder and an architect? Your RE/MAX Professional will thoroughly explain all the particulars regarding these options.

YOU’RE FIRST STEP
Select a RE/MAX professional who understands your needs and goals, that is crucial. Working together as a team will accomplish the goals you set. Your Realtor can help you select the right builder, suggest a lender whose expertise lies in new construction, help you purchase a lot, and perhaps guide you to architects if needed and then the most important equation-when! Your Realtor can then give you a CMA (Comparative Market Analysis) of your existing home (if applicable), go over all of the costs associated in selling your home and come to a conclusion as to what you will net from that sale. At that time, your Realtor can give you an idea about homes that sold in your neighborhood and how long they were on the market. This is now where you establish a time frame for selling and building. If you set your sights to be realistic, all can be accomplished with expert guidance of your RE/MAX Professional!

HAVE NO HOME TO SELL?
You have decided that you want a New Construction and do not have a home to sell. If you are renting, determine when your lease is to terminate and work backwards. Rule of thumb for building a new home in a subdivision is approximately 6-8 months. There are many factors that set these timelines. When visiting model homes with your RE/MAX professional, each builder will give you a better determination as to the length of time to build.

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Information believed accurate but not guaranteed.
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Copyright © 2002 Realty Advangtages, Inc.
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