Front Porch Realty - Buyer's Agent at New Construction, It's FREE

Buyer’s Agent at New Construction, It’s FREE

New custom built homes have become a HOT topic throughout the Triangle and we highly recommend having a Buyer’s Agent helping you through your home buying process of a new construction home! Front Porch Realty Brokers Teresa Ennis and Laura Moody recently chatted about what it really means to have an agent on your side when purchasing a home. We encourage our buyer clients to browse through new construction neighborhoods, we just want you to be aware that the “on-site” agents in the model homes WORK FOR THE BUILDER. It is perfectly fine to get information and pricing from them, just remember not to talk to them about anything you would not want the builder to know, they legally have a fiduciary duty to the builder they represent. At first communication at a new construction neighborhood be sure and tell the on-site agent that you have an agent representing you. You will likely need to fill out a form with your info as well as your agent’s info. Your Front Porch agent will suggest you have a pre-drywall home inspection as well as a finished home inspection. You are making a huge investment! No worries, we will set this all up for you and coordinate the timing with the builder. We also highly recommend a new survey, the one the builder will give you at closing will be from before the home was built. You will want an accurate updated survey, especially if you plan on putting up a fence in the future. Front Porch Realty has 25 + years of experience selling new construction homes in the Fuquay-Varina area and the best part is our representation as your Buyer’s Agent won’t cost you a thing! View Teresa and Laura’s video chat HERE. View the North Carolina Real Estate Commission Working With Real Estate Agents HERE. If you are looking for some great support in your search of a new construction home, our real estate professionals are happy to help get you started! Contact us at 919-577-0175 or learn more by sending us a message HERE.

Now Is The Time To Sell!

In Front Porch Realty’s 25 year history, there has never been a better time to sell your home than in today’s market! We have a low inventory of homes across all price points and an influx of buyers from all over the country. Super hot LOW interest rates are adding to our buyer pool as first time buyers strive to leave their high-priced rentals and apartments. Multiple offers within days, and even hours, way above list prices are fast becoming the “norm” at FRONT PORCH REALTY. According to our latest Triangle MLS stats, our local inventory is down a whopping 80% from 2020 and our Days on Market is down 68%! Not only is Front Porch Realty selling our listings extremely quickly, we are also accepting offers way over list price with the buyers signing appraisal addendums willing to pay their offer prices regardless of what their lender’s appraised value comes in. Below is a snapshot of February’s 2021 Fuquay-Varina and Holly Springs MLS activity, courtesy of our local Triangle MLS.

Thinking about selling this year but not quite ready? Our “COMING SOON” option may be the perfect solution for you! Potential Buyers are able to get a “sneak peak” of your home before you are ACTIVE on the market ensuring a very quick sale with mimimum showing exposure of your home. Find out what your home is worth HERE, no obligation, just info, we are LOCAL experts and are here to help!

Let’s Talk New Construction!

We all see lots of NEW HOME communities popping up all over Fuquay-Varina and Holly Springs so we wanted to take a few minutes to explain what it means to have a BUYER’S AGENT representing YOU when buying a new home. The good news is; it is absolutely FREE! Yes, you read correctly, having Buyer’s Agency representation in North Carolina means you have an agent on your side looking out for YOUR best interests and it doesn’t cost you a thing! Read all about NC Agent representation HERE. Everyone loves to look at new homes and the “on-site” agents are there to welcome you in and tell you all about what the neighborhood and builder has to offer. Just remember, the on-site agent is looking out for the BUILDER’s best interest, not YOURS.

The builder group is most likely going to require a non-refundable builder deposit, especially if you are starting the process from the ground up because the builder will be building a home specific to what YOU pick out. This deposit will be a credit towards the purchase price at closing, however if you don’t close on the home you will risk losing your deposit. The builder is also going to base your new home costs on expected pricing of the time of your construction, which most likely will be higher than was used for the existing inventory in the neighborhood. Don’t be surprised if your “custom pre-sale home” ends up costing much more than the inventory “spec” homes that are already in the neighborhood for sale. The professional real estate brokers of Front Porch Realty are experts at knowing how to negotiate for YOU at a new construction neighborhood for an existing spec home or a pre-sale home. We can help you navigate through the builder contracts and negotiation process as well as the inspection process along the way to a smooth closing.

We also have many local trusted lenders that offer “Construction to Permanent loans” which takes some risk off the builder and may help you save money with your new home financing. In this situation the Buyer applies for the construction loan at the beginning of the build process and at a time of completion of the home the lender converts the construction loan to a mortgage. Our area is booming with new construction! If you were thinking of buying a new construction home for the new year we are happy to help. We have worked with many local, regional, and national builders and have started Pre-Sales for our new custom homes in Fuquay-Varina for Purfoy Place. Pick out your perfect lot and build your dream home TODAY!