Buying A New Construction Home 2024 - The Complete Guide For First Time Home Buyers!

[@simonesim7977]

Love this! This video is so informative.

[@NicoleNark]

Thank you so much, Simone! I’m happy to hear that you found it helpful 🥰

[@cweathersby]

This beautiful young lady just calmed my very crazy nerves lol..I just started thinking about buying my vey 1st home last week and have been FREAKING OUT about all of this info on YT and Tiktok. Theres alot of bad and outdated info out there and she just cleared up 98% of what I was confised about. I will admit that I went house hunting today and was a deer in headlights. She was NOT lyinh about the model homes being decked out. I thought all of them came like that until I saw the prices :D Thank you Nicole!!

[@NicoleNark]

Thank you so much for the kind words! I’m so happy to hear that you found my video helpful! ☺️

[@SUDDENFAITH]

PRAYING TO YESHUA IS ALSO A MUST ..

[@kristabrown5448]

Once I choose a lender, how many times does that lender pull my credit when buying a new build?

[@porshialyons]

Hi, I loved this very informative video. I'm looking to buy new construction soon in WA state. If you don't finance with the builders lender, would it still be possible to get sellers concessions such as some of your closing costs covered?

[@NicoleNark]

Hey there!! Yes, it’s definitely possible. You would just need to negotiate it in your contract!

[@robinmccoy8755]

If you’re buying new be aware that your first year’s taxes are usually low because the house is new. Your next year’s taxes will be dramatically higher. Quite often agents and title companies forget to mention that.

[@renren333]

When i need to start paying for the new construction home loan?

[@NicoleNark]

If you are buying a new construction home outright from a builder like detailed in this video, your first payment would likely be 2 months after your closing! If you are carrying a construction loan and hiring a builder for a custom home, that is a different process. You would likely pay monthly throughout construction!

[@empress4965]

Hi so at what phase do we order the appraisal??

[@Nurrrrrrrrrrrr]

Nice work 😊

[@kingfan333]

How do you think the new realtor fees will affect buying a new construction? Thanks!

[@NicoleNark]

We could potentially see builders pull back from offering buyer compensation. At this point, i'd say its too early to make an accurate prediction.

[@Ronopoly-s6h]

I'm interested in preconstruction houses for flipping.

[@NicoleNark]

What do you mean by preconstruction?

[@Ronopoly-s6h]

@@NicoleNark if I'm saying it wrong let me know, where you pue a building with condos in side

[@Ronopoly-s6h]

@@NicoleNark you buy a building with new condos being built and you buy one at a lower price and then sell it much higher

[@NicoleNark]

@@Ronopoly-s6h that’s not a flipping strategy I am aware of. How do you anticipate getting either a brand new condo for a discount or reselling right after buying for much more?

[@Ronopoly-s6h]

@@NicoleNark for example my brother bought a condo in a new building and flipped it. University village in Chicago about 1998.

[@mmoya1135]

Given NAR, do I actually need a buyer agent on a new construction?

[@soccergirl5367]

Even before the recent NAR settlement, consumers have never been obligated to have a buyer’s agent. So no, you don’t need a buyer’s agent for new construction. It’s your choice.

[@monnaa931]

Thanks Nichole ❤

[@NicoleNark]

You are so welcome! Happy to help ☺️

[@codenumber7114]

What’s the name of the phone? What episode is this?

[@vielkamelendez1155]

I will keep in mind all this 😅

[@noname-ch6fd]

wait if the builders are paying for the realators, then why do they have an interest to support me? i suspect both the agent and the realitors are working against my interest?

[@NicoleNark]

Builders will hire a Realtor to represent them and market the house. When they do this, the builder and the Realtor have a contract stating the total commission to be paid and how it will be split if another agent comes in to the transaction. If you were to purchase the house, your Realtor would be paid a portion of the commission from the other Realtor based on the agreement that the listing agent had with the seller/builder.

[@Fullrusher]

This is scary i hear new builds are the better option as of late comsidering they can lower intrest rates, that true ?

[@Alisha-ml3kh]

That is true. I recently looked at some new construction homes in Texas and many of them are offering 4.99% fixed rates

[@Fullrusher]

@@Alisha-ml3kh but are the prices reasonable? These places are getting outta hand lol

[@Alisha-ml3kh]

@@Fullrusher lol I hear you! It depends on you really. I saw homes around $350k-400k for about 1,500-1,800 sq. ft. I’m calling that reasonable in today’s world. Never thought that I would pay over 300k for a good house but here we are

[@Fullrusher]

@@Alisha-ml3kh I recently bought a condo and am thinking in a few years to just get a regular home. But as you say it's looking drastic even now

[@mirabelmira3962]

Lord help me get a brand new home Amen 🙏 I love watching you beautiful

[@dionbrooks4981]

Me too

[@VenusMiranda03]

Hello, great video! What’s best if you want to buy land and build a tiny house?

[@MNBN87]

great advice except for #6. go harass your builder every freaking day if you have to. be a stalker if you have to. you will be amazed how many mistakes they make every day at the scene. and of course, they are not gonna give a shit after closing.

[@crystalejones9818]

I need help buying new construction

[@NicoleNark]

You got it! Shoot me a DM on instagram and I’ll do my best to help! It’s @NicoleNark ☺️

[@1haitianprincess291]

What if you want a brand new home first time your credit scores 700 you just start a new job.

[@NicoleNark]

Did you have a job before the one you just started?

[@sadafahmed3266]

I love you ❤

[@AahanaEthan2022]

Do u still live in Little Rock ? I am local may be we can work together

[@NicoleNark]

I sure do! My contact form is in the description ☺️

[@bobsimmons1470]

Don't be a narc, Nark!

[@NicoleNark]

lol guess how many times I’ve gotten that one! 😅

[@bobsimmons1470]

@@NicoleNark Yeah, I figured as much. I just couldn't resist!

[@Palantir_Daily]

You should go as much as possible to your new build… you’re just being lazy.

[@NicoleNark]

I’m not saying you shouldn’t go frequently, but home buyers should not show up unannounced and walk the job site. That is very dangerous and a liability

[@Palantir_Daily]

I’m sorry, that sounds like something the builder’s agent would say, not the buyers agent.

[@NicoleNark]

@@Palantir_Daily I don’t work for a builder but I do understand risk. When representing a buyer, why would I want to create additional tension between them and the builder by condoning my client walking the job site unaccompanied. Instead, I use my client’s desire to go as an opportunity to set up appointments. Most of the time the builder is not there, but there is WAY less risk with me being present. Plus, my clients usually want me there. They may not have as detailed knowledge of new construction as I do, and have questions. If we spot an issue, it’s valuable that I’m there to put my eyes on it personally. Sure there are lazy agents but I’m not one of them. If you happen to be someone who thinks agents are unnecessary, that’s your opinion and I’m not here to argue with you.

[@Palantir_Daily]

@@NicoleNark I see tremendous value in a good agent. If one of my agents ever tried to convince me not to go to my property being built, they would no longer be my agent. The agents job is to support the buyer in all aspects.

[@NicoleNark]

@@Palantir_Daily agreed. I would not stand in the way of my client. Id make sure they are protected by accompanying them.

[@empress4965]

Also can I go under contract with the builders lender but still shop for rates with other lenders.? @nicolenark

[@dontdoxmebro]

It’s your money you can do whatever you want. You’re the one paying it shouldn’t matter unless they’re trying to double dip

[@mirabelmira3962]

What is your instagram handle