Residential, New Construction, PreForeclosure, Military Relocation/PCS Fairborn Beavercreek and Dayton, Ohio Real Estate

If you are in the market for a new home anywhere in Greene or Montgomery County area, you are in luck!

The market is positioned to favor the buyer, rather than the seller. This is called a "Buyer's Market." If you were to venture out into ANY neighborhood you would see a litany of "For Sale" and “For Sale By Owner” signs begging you to STOP and view their "pristine" home. With as much as a 7 month supply of homes on the market you can afford to be choosy, right? What about a brand new home? Have you entertained the thought of buying a brand new home from a builder? When given the alternative of buying a new home that has never been lived in versus buying a pre-existing home that doesn't have exactly the space, configuration or amenities you and your family desire, the choice becomes clear! Nothing beats a brand new home much like enjoying the scent from a brand new car.

Benefits are abundant with residential new construction:

The operative word with residential new construction is “YOU.”

      * You pick the floor plan and elevation.

      * You can modify the plan within limits to fit your taste and needs. If you need bigger closets change the plan, need an open air area remove the dividing non-bearing wall between the kitchen and living room, want a side egress door with 2’ of extra space on either side in the garage because you have an SUV. It’s up to you.

      * You get to pick flooring, paint, brick, countertops, carpet, lighting & plumbing fixtures, cabinets etc.. etc...
Builder warranty and builder support the first 12 months and structural to 10 years beyond that.

  ~ Builder warranty and builder support the first 12 months and structural to 10 years beyond that. ~

Sounds like a dream come true.

It’s very easy to get consumed in the excitement.

Model homes are new construction bait! Models are adorned with ample upgrades, beautiful interiors, luxurious media rooms with projection televisions and theater seating that pulls on the heart strings of potential owners. Kitchens come equipped with granite or marble countertops, oversized cabinetry & stainless steel appliances that should be featured on HGTV. Before you run out to get floor plans and start your collection of builder elevations from all your desired neighborhoods take a breath, pick up the phone, and call The Gene Group.

Without an intermediary involved it will be very easy to make some BAD decisions when building your dream home. Many of these decisions don't come back to haunt you until it is too late to do anything about them--when it is time to sell. There are a plethora of pitfalls that every new homebuyer should be aware of. Here are just a few of the pitfalls that you should know to avoid:

• Better hurry the price will be going up around the 27th of the month. This is used to pull your emotions into focus and make you feel that you must make a decision right away or you won’t be able to purchase your home at an affordable price. As long as the builder is building in the neighborhood count on the base prices to rise. This fact does not mean that you forgo your discipline and just buy irrespective of what you were looking for in a quality home. Remember, once you sign the contract you are locked under that contract. It could be very costly or impossible to make changes to design options that you made in a hurry trying to beat the clock.

• The Incentive IF YOU USE OUR LENDER. Nearly all builders are tied to or associated with a "preferred lender." When using the builder’s lender the builder makes money on the loan, consequently the builder can offer you a discount on the purchase of your home. Be cautious! This may not be the best funding option for you and your family. Do your homework; the rate that the in house lender is charging you could be much higher than competing lenders. What this means is essentially the cost of the loan is greater than the incentive offered. The Gene Group can help you shop around by providing a list of reputable lenders in the area. It’s even possible for some lenders to match builder incentives.

• Location, Location, Location. Once you've decided on the builder the model and all your options it’s time to decide on the lot. This single option could ad value to your real estate or make your home harder to sale in the future. Think like that next buyer you’ll be selling to. Are there busy roads around the property? Will there be economic development nearby that will devalue the property and make the home less desirable. Is the home on a hill and the backyard slopes so fast that the yard is unusable? Investing in a desirable lot may be prudent and the associated cost should be evaluated.

• Pricing your property out of the neighborhood. This is the rule of substitution? What this essentially means is that no one is going to pay more for something they can get somewhere else for less if it is like kind and quality. Don’t be the biggest house in the neighborhood or your value will be pulled down by the lesser valued homes in the area. Don’t put so many upgrades in your home that takes the sales price over the median price and style of the neighborhood. You will not get those dollars back. There is no guarantee that future buyers will share your same taste. Remember that value does not equal cost! If you go overboard on upgrades in the design center your competition will be able to sell the same home for less than your over upgraded home essentially pricing you out of the market. Your only recourse is to either reduce the asking price or not sale.

• Over doing it with upgrades in the design center. This is the builder’s profit center. The mark-up on upgrades are substantial. My belief is buy square footage not counter tops and the like if you are budget conscious. You can buy better counter tops, cabinets, flooring, and a host of other options later and have them installed rather than inflate your purchase price and opt out of square footage. You can always upgrade the aforementioned items you cannot add two feet to the first floor to make 10’ceilings very easily. Later, the square footage will be your selling point and the amenities can be refreshed as needed.

These are just a few of the important decisions new construction will present you with. Having a knowledgeable new construction Realtor represent your best interest in the transaction will be the smartest decision you could make.

The number one misconception concerning having agents represent you in a new construction transaction is.

 

You don’t get the best deal from a builder if you use a Realtor

Buyers think that if they enter a transaction without a Realtor the builder will cut them a deal. This isn’t the case. The commissions paid to Realtors are already accounted for in the builder’s marketing budget. The money has already been allocated and if they don’t spend it their profit potential increases. By having a Realtor represent you, you protect yourself and have an advocate looking after your best interest. The builder rep is looking after the builder’s best interest not yours! You can actually save money by allowing the agent to handle the negotiations which can help create the best deal for you.

We can help with ALL these issues. You need someone on your side. Let us make sure your best interest is being represented.

Testimonials

Went The Extra Mile

"Thank you for doing such a great job with our relocation. You went the extra mile to ensure my wife and I were at ease with such a big transition. You and your team of professionals and resources made a difficult relocation easy! These few words of praise don’t do justice to how much you actually did for us. We couldn’t have purchased the house we did at the price we did without you and your team going above and beyond! "

- Joe & Rose Megery
(781) 572-8396

Job Well Done

"I can only say thank you for a job well done. You went over and above the call of duty. You are an extremely diligent professional. I really appreciated your help. I will certainly refer my family and friends to you."

- Ryan Krapf
(937) 231-2495