Okay, so I've been searching for home for some time now. I found a new construction community last month and visited the model home. I didn't have a realtor or agent that I was working with back then. I didn't realize that I was making a mistake by going directly myself. I liked the home so got all the details and then reserved a lot. Later I got pre-approved through the builders recommended credit union for a construction loan. Initially the sales agent indicated that they'll be room for some negotiation since I was without a agent. Now they say the price is firm since the demand is high and lots are selling fast - which is fine. BUT they want to raise the prices as well due to demand. I made the reservation prior to price increase so requested them to honor the original price. After some discussion they agreed to meet half way in between. I'm little pissed off because they said originally once I do the reservation prices are essentially locked in
Now my concern is - do I go forward without a realtor/agent? The builder agent says it's too late now to add a realtor and I understand my mistake. Should I back out of this or continue ahead with the purchase? They're saying all the lots are now sold out so I might lose out on a purchase.
Should I be wary of anything when signing the purchase agreement?
Thanks
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/mg2w7r/new_construction_home_without_a_realtor_sign_a/
Comments
Post a Comment