Across the country, the luxury housing market is seeing some interesting conditions. Existing home prices are holding steady, while custom home builders are being hired in greater numbers than at any previous time in recent years. Normally, when new home development begins, existing homes sell at a slower rate; however, this is not the case. The housing sector is primed for huge growth, thanks to a continually improving property market and low borrowing rates.
Unfortunately, unscrupulous builders are attempting to take advantage of this dynamic market by selling badly made, inefficient models at low rates. The question then becomes: how can a novice buyer discern if he or she is receiving the greatest deal available when perusing the home market? We've put up a list of a two signs that can be used to assess the integrity of a luxury new home for sale Rockwall, Texas and the custom home builder who created it.
Price
To begin with, a clearly reduced price may appear enticing, but it should be seen as an obvious red flag. While this is true in certain cases, there are amazing offers on brand new homes simply waiting to be scooped up; in most cases, homes are selling at or near their genuine worth, not below it. The fact that interest rates on loans are lower than they've ever been makes for an almost simultaneous buyers and sellers’ market, which explains why home purchases haven't slowed.
If you've been offered a deal that seems too good to be true, go back to the house with an appraiser. Great prices certainly exist, but in today's economy, an undercut could just be a cheap ruse to deceive you.
The Builder
The quality of Rockwall TX homes for sale is determined in large part by the home builder. If you have any questions regarding a home, ask to talk with the builder. The home builder will be delighted to answer any questions you have about their previous projects if they are proud of their work. Inquire of them and get a sense of how they reply. Your intuition and sense of security will come in handy.
If you're hiring a custom house builder to construct your home, make sure everything is written down. Discuss timelines, costs, and liabilities, then write everything down on an itemized contract. Do these things before you sign anything, and have a reputable lawyer review your deal with you as well.
