Buying a new home can be both exciting and stressful! There are so many decisions to make. How much home can you afford? What neighborhoods do you want to live in? Should you buy an existing home or new construction? With all the decisions to make, trying to find the perfect house to call home is getting more difficult especially with the increasing prices and low inventory. This is why you need to hire an experienced Realtor to help you achieve your real estate goals.

Hire a local agent: When hiring a real estate broker, you want to choose someone who is knowledgeable about the communities in which you want to live. This gives you an advantage because they know and understand the housing marketing in this specific area so that you don’t overpay on price and contingencies during the bidding process on your dream home.
Also, when choosing a Realtor, ask about their process. How will they communicate with you and how often? How much experience do they have? Also, check out their reviews and make sure to ask if you will be working with them or someone else in the agency. Sometimes, you’ll hire an experienced agent only to be passed on to a junior agent.

Buying an existing property: There are both advantages and disadvantages to buying an existing home. Here are some things to consider when purchasing an existing home:
• Often, your real estate agent has more flexibility to negotiate costs and contingencies on your behalf. Negotiations with builders are still possible but you will need a experienced agent who knows what builders may be willing to do.
• Existing homes often already have improvements such as blinds, landscaping, fencing, sheds, air conditioning, etc.. this can add up to tens of thousands of dollars in savings.
• Depending on the age of the home renovations and repair costs may be extensive. Make sure you get a home inspection so you know in advance what is needed to be repaired or redone.
• Lot sizes on older homes are generally larger and you may have more privacy from mature growth and trees vs new construction.

Buying new construction: Like buying an existing home, there are also advantages and disadvantages of buying a newly constructed home. Here are some things to consider:
• The home is new! No one was lived in it previously and often you can choose the floor plan, counter tops, appliances and all the other amenities if you purchase during the building phase. This make the need for remodeling or making repairs almost non-existent. Just make sure you check out the builder’s warranty!
• The price of new construction homes are often higher. Buyers generally pay as much as 5-10% more for brand new for a comparable re-sale home.
• Updated technology with energy efficient windows, appliances, and more, saving you money on your energy bill.
• New homes tend to be built in a developing community, which means construction and development of that community will be ongoing for quite some time. Make sure you don’t mind the sounds of construction.
• You also need to be aware some builders have a “threshold” clause. This means if you walk-into the community just to take a look without your Realtor, you may be forgoing your ability to have representation. Be sure to let the builders representative know that you are planning to be represented by a Realtor when you walk in. The builders representatives are representing the builders best interest and not yours.
As you can see, there are lots of things to consider whether your buying an existing home or new construction. The great thing is that an experienced Realtor is on your side, helping you make those decision and helping to ease the stress. If you have any additional questions about buying or selling your home, please contact the experienced professionals at The Amber Bills Real Estate Group.

Amber Bills, Managing Broker the Amber Bills Real Estate Group. Amber Bills has been the #1 Realtor in Greater Maple Valley Area for the last several years. With over 15 years experience, Amber has successfully listed & sold hundreds of quality properties throughout King County. She is a consistent award winner for her results, rankings & reviews.  She has obtained several designations including the highest awards within a global Real Estate company and has been recognized multiple years by Seattle Magazine as one of Seattle’s Best. AmberBills.com.