2,222,281
Question everything!
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Ron and Alexandra Seigel
Carpinteria, CA
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Eve Alexander
Tampa, FL
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Kathleen Daniels, Prob...
San Jose, CA
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
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Richard Bazinet /MBA, ...
Scottsdale, AZ
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Anthony Acosta - ALLAT...
Atlanta, GA
1,555,300
The typical questions my buyer would have, builder warranties, incentives to use in-house lending, final walk-through repairs, PUD/HOA fees, Mello Roos Tax fees and Our builders here require a referral over of our buyers in exchange for a referral fee, not a commission. So, I ask about those terms too.
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John Juarez
Fremont, CA
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
2,196,059
Build Time, End Loan or Construction Loan , Custom or Track , What's standard and what's an upgrade ?
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
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Michael J. Perry
Lancaster, PA
921,504
I want to see details of the 'registration' agreement. A local builder states the agreement has a 60 day lifespan while a build will take 180+ days.
Then I will rely on my friend Marconi to shed some light on this builder.
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
1,507,223
I concur with Kat Palmiotti and Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
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Kathleen Daniels, Prob...
San Jose, CA
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Kat Palmiotti
Kalispell, MT
5,259,152
Is this a builder you're familiar with, Praful? If so, you know what needs to be asked for each buyer. If it's a builder unfamiliar to you, you will want to question everything!
In Charlotte we have new builders/developments popping up all over the place. So, staying on top of them before you have a buyer for them is going to save you a lot of questions in front of the buyers. It also helps you establish good rapport with your builders/developers.
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Kathleen Daniels, Prob...
San Jose, CA
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Michael Jacobs
Pasadena, CA
2,785,756
Actually what is really needed is an inspector to feedback questions to ask
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
7,872,843
Everything. You need to know the product and understand the practices of the builder.
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
544,014
How often are you called to make repairs to foundation per the warranty? What is the reason?
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
3,416,088
I would want to see the plans, the specs, get the time frame to finish and a copy of what is warrantied and for how long.
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
4,800,132
Allowing outside inspectors access during the building process.
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
472,114
Ask if the home buter can use whatever lender they choose. Ask homeowners that have had this builder if they had a good experience and if all work was completed when they went to closing.
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
3,071,589
Anthony Acosta - ALLATLANTACONDOS.COM nailed this one!
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
716,919
There are lot of questions. I work with new home builders regularly. The #1 question you need to ask is how the pricing works with all the additions and premiums, and nail the exact pricing for the prospect property right off the bat - write all down and date it. And watch for the weekend promotions, special day discounts and specials like a hawk!!!
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
5,117,828
I know my local builders well, so really don't need to worry about questions. If I'm not comfortable with a builder's product and service, I just don't take my clients there. Most often I want to know how quickly they'll be built out in a community.
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Kathleen Daniels, Prob...
San Jose, CA
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Michael Jacobs
Pasadena, CA
2,460,173
A lot!
What will new property taxes be (and then double check w/town), what's included in list price, what upgrades are available, what will HOA fees be (if any), what will the rules be re: landscaping/property/development, does builder have other homes that have been built already and can be viewed, who will maintain the streets, what are the timeframes for building, are there additional fees for premium lots, etc etc etc.
As a buyer's agent, I would want to know everything!
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
3,350,914
I start by reviewing the builder's contract. It's a roller coaster from there. The questions can take hours to get through.
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Eve Alexander
Tampa, FL
1,242,204
5,063,555
There's a great list here - I can't think of anything to add.
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Michael Jacobs
Pasadena, CA
5,247,618
Will you allow interim professioinal inspections, especially pre-drywall?
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Michael Jacobs
Pasadena, CA
4,434,177
1,848,051
It would depend - what I see during the walk thru. Just being on one of these recently the builders rep just 'spewed' stuff the buyer was totally not interested in.
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Debe Maxwell, CRS
Charlotte, NC
4,584,971
370,200
Great question:
Start with testimonials on recent projects
Confirm builders spec sheet and promises in writing
Ask if any law suits are pending and confirm attorney information.
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Debe Maxwell, CRS
Charlotte, NC
6,426,360
Good question, I will be reading the answers.
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Michael Jacobs
Pasadena, CA
67,369
I usually asked what incentives do they have for the buyer at this time.
Are there any lot premiums (if your buyer wants to build).
You want the price list and the standard feature list.
5,879,946
If I am not familiar with a new builder, I would check the BBB and see if there are any negative comments. Then at the site, question everything!
3,986,308
3,988,013
You need to know about the warranties and warranty procedures. If you don't know about the builder's reputation ask for references.
767,089
Is there mello roos, what is the hoa fee, what amenities are within the community, what incentives are available. Oh yeah, two more, are you cooperating with Realtors and what is the compensation?
5,773,392
420,003
Get in writing: time frame to close, cost for changes, what is standard what is an upgrade, builder years in business, warranty, name every specific detail, late charges?, what are HOA rules and fees and when will amenities be finished, what if not completed? Plus more
1,301,224
A lot of questions, seems to be the answer and knowing the builder before you take a client. I recenlty was showing a client two different sites and asked the representative what distinguished them from the other site. Sort of what is your USP? Found that useful.
2,684,769
Will you accept the standard form contract from Florida Realtors, or do you insist on using your own contract?
If the builder says they use their own contract: Can I have a copy to take to my attorney?
613,494
First of all...I do read the entire contract.
Then I ask a laundry list of questions that most builder reps can't answer...because they have never read it and only know the canned version of what they are told to say.
Eve
5,583,328
ask for whatever they have for information.... I assume the listing is in mls.... if not, make sure they will pay you a commission and have that in writing....
1,326,769