5 New Construction Tips First Time Buyers Need To Know!

[@richhands5269]

My three favorite channels: Shaheedah Hill, Stock Brotha, & Ling and Lamb. Make my week complete!

[@ShaheedahHill]

😊

[@eileenwatt8283]

I've taken care of so many kids with injuries from trampoline. The injuries are cumulative not present until they get older. Mainly disk problems from constant jumping. Trampolines are dangerous.

[@The_Dancelegz_Experience]

I love that you always advise to secure more than one quote prior to closing… 🙋🏾‍♀️🏠

[@ShaheedahHill]

@DanceLegz Thank you for watching

[@WorryDontAbout]

Yesss, I had this agent situation happen when I went to see a build without an agent

[@ShaheedahHill]

@WorryDontAbout Thank you for watching

[@WorryDontAbout]

Great video, I wished I ran into this a few months ago

[@alannaalbritton381]

I love the answer you gave herb. If you put in 100k and make 200k in gained equity then go for it!

[@ShaheedahHill]

😊

[@MsJAB01]

Hi Shaheedah. Just found and love your channel. Very thorough and the stories are nice! I’m not a first time buyer but shopping around again so your videos are great reminders. I know you specialize in 1st time home buyers but do you have a video on cash buying? I searched your videos but didn’t see anything. Much appreciated.

[@ShaheedahHill]

I don't have much on Cash buying since not many of my viewers buy with cash, however the process is similar. Cash is typically an easy deal for a seller to accept because you avoid all the contingencies of financing, so there is less risk and they may accept less for their home because there is less risk for them. However, to protect yourself you can still have an appraisal contingency, just make sure your agent has some appraisers they can recommend.

[@gloriabanner2750]

Excellent video 👏

[@ShaheedahHill]

Thank you very much!

[@manuelwilson3980]

Great Advice

[@ShaheedahHill]

@manuelwilson3980 Thank you for watching

[@Sheneededherown]

Awesome advice glad I had the time to view it the same day!

[@ShaheedahHill]

Thanks for watching the replay😊

[@hattiemcpherson2396]

Great Info!

[@ShaheedahHill]

Thanks for watching!

[@Allieboo423]

Good information. I wish I had seen this before I made certain decision because some questions that I asked the agent, she could not give me a definite answer.

[@ShaheedahHill]

Thanks for watching the replay

[@vibewithhayling]

Thank for good video 🙏❤️

[@ShaheedahHill]

Thank you for watching

[@andreababy8672]

Is it typical for first time homebuyers to not do any upgrades where it is offered by the builder?

[@ShaheedahHill]

It is not typical but some buyer just opt to get the base model of home and do the upgrades on their own later, sometimes you want to price the upgrades out to see if is better to get it now or to wait. @andreababy8672 Thank you for watching

[@debragilbert4110]

Hello Ms.Hill How can i find the Builder for my New Construction home that is a VA perferred loan Im a Senior Widow, US Army Veteran.

[@ShaheedahHill]

Are you building on your own land or in a subdivision? Sometimes the easier way to find a builder is to find an agent that has helped clients build on their own land. If you are building in a subdivision then you should check with their perferred lenders and your agent's recommendation. Here is a video that I did about building on your own land. kzbin.info/www/bejne/fKfVf2OEjK-cZ5I

[@debragilbert4110]

No I want the builders land construction loan

[@chefbrooklyn5140]

What's up @Shaheedah I enjoyed the video take care

[@ShaheedahHill]

Hey Chef, thanks.. have a good weekend.

[@kingslegacygroupllc4855]

Phase Inspections would cost for example $500 per Inspection?

[@ShaheedahHill]

The are usually more affordable than the final inspection, but it depends on the size of the home. If you get your inspections all from the same company they may have a package that includes both.

[@Allieboo423]

Hi Shaheeda, on the purchase price and payments, there is an itemized section that says “Add options, upgrades and extras per attached options, upgrades, and extras/change order and there is an amount specified. What does that mean? I seek clarification from the builders agent and I was told that's just the break down. However, when I did a quote with another company I was told that this was for any upgrades, for example, porch cover, they don't provide a refrigerator so I could get one etc. Can you please elaborate on this for me?

[@ShaheedahHill]

If it's a spec home, meaning the builder pre-selected everything then this is likely just all of the design choices itemized.

[@Allieboo423]

@@ShaheedahHill thank you

[@winnifredpridgen2620]

Like how i have my own land can NACA build for me on it

[@ShaheedahHill]

Probably not, I am pretty sure NACA does not do construction loans. But you should verify to be sure. Thank you for watching.

[@diamond33]

Question: This will be our first home and I am clueless I want a new build and we want to be in a home by next June because we still have something to fix on our credit and still working on the down payment but with earnest money does that start the process if we find a house we want if we aren’t quite ready but say we will be ready by closing ? I hope that make sense.

[@ShaheedahHill]

Yes, the earnest money will be what you need to get under contract, you will also have to be approved for the purchase price of the home - so that would be credit/income/debt. You do not have to have the entire down payment or closing cost when you go under contract, as long as you have it by the time you are ready to close.

[@merrym1892]

Hi , I hired a realtor and after I signed my contract I was not able to reach her. I was without representation but I closed on my home. I did it alone. What should I do? I reached and hired my own inspector for per drywall and final inspection. It was anxiety provoking. Please assist. I want to fill a compliant. Is that possible if not what are my options?

[@ShaheedahHill]

Sorry you had to experience this. 1. File a complaint with their broker and your state's real estate commission.

[@merrym1892]

@@ShaheedahHill thank you so much for replying to my comment. I will definitely follow your recommendations.

[@jhunnecaragao8207]

Hi shaheea, we are purchasing a newly built home and our loan is conditionally approved by our lender. What does being conditionally approved mean in regards to purchasing this new home. Thank you

[@ShaheedahHill]

That means you are approved as long as you meet certain conditions. You will receive those conditions from the underwriter before you close. I did this video on how underwritering works, it should help clarify. kzbin.info/www/bejne/hZqUinaJgb-qgZo

[@LisaJones-lg8lu]

How about LGI, They say we was approved took pictures by the land then the next week they say it's not time cause our credit. Our credit was up but then they say it's not ready yet. I'm not going to use them cause I didn't like the way they did us

[@ShaheedahHill]

I am not a fan of LGI at all. They treat buying a house like a timeshare presentation. I don't talk about specific builders, but I would be cautious with them. I had a buyer interested in one of their subdivisions in Atlanta and it felt very predatory.

[@jayshaun87]

I hate I missed this Live😢 I am building w/ DR Horton and the home is coming along Great but for some reason they keep pushing my closing date out. Is there reason for this?

[@ShaheedahHill]

It could be multiple reasons, weather, supply delays, etc. What reason are the giving you. If you haven't asked, ask the agent or your builder. You should be able to reach out to the builder that did your orientation.

[@jayshaun87]

@@ShaheedahHill there aren’t giving a specific reason. There was one delay in windows but like I said they are up to date on everything now. I haven’t had my orientation yet

[@soccerlava8]

Do I need a attorney real estate, I have a real estate agent.

[@ShaheedahHill]

It depends on your state, but in most states hiring a real estate attorney is not a requirement. Thank you for watching.

[@katrinacannon9822]

Hi Shaheeda. Quick question. I am now under Contract. Inspection is tomorrow. I haven't signed any initial preliminary docs from Lender yet committing me to allow them to work on my loan package. Hopefully I will hear something soon since I just went under Contract 6/23/23. With this being said, it looks like I might be receiving an increase in salary with my current position. Received notification today. Should I wait until it actually reflects on my Leave Earnings Statements before speaking with Lender? My expected Closing Date is 8/4/23. Thank you

[@ShaheedahHill]

You qualified for the home without the increase so it shouldn't matter, but if you have any updates while you are under contract you can share that with your lender.

[@katrinacannon9822]

@@ShaheedahHill Thank you so much for always responding!!!! You are the Realest Realty Queen.

[@brown_beauty7499]

Is new construction a good idea?

[@ShaheedahHill]

It can be, it just depends on your situation - here is my video on Resale vs. New Construction kzbin.info/www/bejne/sHrZfmqtj82srLM

[@brown_beauty7499]

@@ShaheedahHill Thanks!

[@Blessings40]

Dominique from Baton Rouge, La

[@ShaheedahHill]

Thanks for watching

[@WorryDontAbout]

Great video, I wished I ran into this a few months ago