Friday, March 23, 2007

Charlotte New Homes

Before purchasing Charlotte new homes at a discount, consider the other factors. Why are the homes discounted? Are the homes holding their value, appreciating or depreciating. There are certain builders that have reduced initial loan payments to make the homes affordable to people that can really not afford the payment. This is a disaster. The builder sells his inventory and then departs. Six months later the foreclosures and investors move in. Then comes the renters and your property value spirals downward. Be careful with new construction. An experienced Buyers Agent is at no cost and will help you make a wise decision.

Before deciding which agent will provide the best representation, ask questions. Examples are: Do you have any specific builder that you prefer? Why? Why not? Do you have any builder that you dislike? Why? A bad reputation is a political answer. A good agent will let you know why or why you do not want to make a purchase of a particular new home. There are some builders advertising very desirable schools but already know they are changed next year. Also a good agent will suggest what upgrades will help resale value. If your agent agrees with the builder sales agent, be cautious. I have had builder agents tell me of agents that just sit there and do not advise or recommend anything. If this is the case, you should just go it alone.

Do not agree to representation prior to actually discussing this inforamtion. A discount in the short run will cost you in the long run. Protect your largest investment.