Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners)

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Rainmaker
1,926,309
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Question everything!

May 22, 2018 05:20 AM
Rainmaker
1,233,653
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

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.

May 22, 2018 04:49 AM
Rainmaker
2,024,300
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Build Time, End Loan or Construction Loan , Custom or Track  , What's standard and what's an upgrade ?

May 22, 2018 05:01 AM
Rainmaker
889,337
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

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.

May 22, 2018 04:20 AM
Rainmaker
1,387,958
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I concur with Kat Palmiotti and Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D 

May 22, 2018 08:10 AM
Ambassador
4,260,109
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

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.

May 22, 2018 07:39 AM
Rainmaker
2,642,412
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Actually what is really needed is an inspector to feedback questions to ask

May 22, 2018 07:01 AM
Rainmaker
6,614,667
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Everything. You need to know the product and understand the practices of the builder.

May 22, 2018 06:58 AM
Rainmaker
527,095
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

How often are you called to make repairs to foundation per the warranty? What is the reason?

May 22, 2018 06:46 AM
Rainmaker
3,331,953
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

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. 

May 22, 2018 06:21 AM
Rainmaker
4,799,501
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Allowing outside inspectors access during the building process.

May 22, 2018 06:00 AM
Rainmaker
468,605
JoAnn Moore
The Mortgage Market of Delaware - Georgetown, DE
Home Loans in Delaware

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. 

May 22, 2018 05:55 AM
Rainmaker
3,069,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Anthony Acosta - ALLATLANTACONDOS.COM nailed this one!

May 22, 2018 05:53 AM
Rainmaker
710,004
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

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!!!

May 22, 2018 05:42 AM
Rainmaker
4,123,819
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

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.

May 22, 2018 03:57 AM
Rainmaker
1,892,373
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

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!

May 22, 2018 03:32 AM
Ambassador
3,058,517
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I start by reviewing the builder's contract.  It's a roller coaster from there. The questions can take hours to get through. 

May 22, 2018 08:23 AM
Rainmaker
1,154,075
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Do you do cooperate with realtors? 

May 22, 2018 07:40 AM
Ambassador
4,583,141
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

There's a great list here - I can't think of anything to add.

May 22, 2018 06:42 AM
Rainmaker
4,216,214
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Will you allow interim professioinal inspections, especially pre-drywall?

May 22, 2018 05:39 AM
Rainmaker
4,433,703
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

There are many.

May 22, 2018 05:29 AM
Rainmaker
1,723,705
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

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.

May 22, 2018 05:06 AM
Rainmaker
4,103,751
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Parked. reading and learning.

May 22, 2018 03:18 AM
Rainmaker
365,454
Jay McHugh
SendOutCards-Appreciation Marketing Expert - Acton, MA
YOUR SendOutCard Mentor

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.

 

 

May 22, 2018 03:01 AM
Ambassador
5,415,593
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Good question, I will be reading the answers.

May 21, 2018 10:51 PM
Rainer
66,912
Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

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. 

May 27, 2018 04:34 PM
Rainmaker
4,945,501
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

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! 

May 25, 2018 07:04 AM
Rainmaker
3,985,875
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I agree with Anthony...each house is different

May 22, 2018 08:50 PM
Ambassador
3,986,710
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

You need to know about the warranties and warranty procedures. If you don't know about the builder's reputation ask for references.

May 22, 2018 07:26 PM
Rainmaker
646,018
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

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?

May 22, 2018 03:14 PM
Rainmaker
5,592,933
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I agree with Anthony Acosta - ALLATLANTACONDOS.COM 

May 22, 2018 02:35 PM
Rainer
318,050
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

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

May 22, 2018 01:35 PM
Rainmaker
1,114,132
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

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.

May 22, 2018 01:20 PM
Ambassador
2,571,547
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

       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?  

May 22, 2018 10:19 AM
Rainmaker
611,266
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

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

May 22, 2018 09:07 AM
Rainmaker
5,571,934
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

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.... 

May 22, 2018 08:13 AM
Rainmaker
911,686
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Thank you, everyone, for all the great answers.

May 22, 2018 08:04 AM