Lake Elsinore Brand New Homes For Sale-Read This First

LAKE ELSINORE, Calif. - June 10, 2013 - PRLog -- If you are like many other new home buyers who just don’t want to buy a used home with somebody else’s taste of carpeting, even worse, dirty worn-out carpet that smells, used kitchen appliances with missing buttons or burn spots on counter tops, dirty sticky kitchen cabinets, dirty walls or with bright eye popping hot colors in every different rooms, how about the home that looks like a 5 year old has painted, or a backyard that is done but would've been better if it was not done, so you could have done your own design and make better use of the space.
Today’s real estate market is little different than last year. If you are a first time home buyer, you’re seeing low inventory of homes on the market and waiting to find out if your offer has been accepted or got rejected like the last 15 offers by competing with an all cash investors or by another buyer who wrote an offer $10-$20k higher than your offer, just to get it accepted in this rough real estate market.
If this describes you, and you have always fantasized about buying a brand new home of your dreams, now you don’t have to buy used home when you can buy brand new home from Pardee and Richmond American Homes right here in growing lovely Canyon Hills Community in Lake Elsinore, CA 92532. Choose Pardee builder living smart homes from the low $300,000s, Hillside priced from the mid $200,000s, Parkside from the low $200,000s, new grand opening of Meadow Ridge from the low $300,000s or buy the standard solar panel homes from Richmond American Homes at Bridgegate or Cypress from the upper $200,000s to low $300,000s.
Here are few buying tips that can help you save some money and to protect you and your family to make the home buying process a pleasant experience.
Don't Automatically Use the Builder's Lender, you have options
·Builders often offers some type of cash incentive to buyer’s for using their in-house lenders because the home builder will be informed of your personal loan progress from day one; it's convenience to them and one-stop shopping for builders. But a builder's lender may or may not offer you the best deal. Moreover, the builder may even own the lending company.
·We always suggest to our clients to consider alternate sources to find a lender.  Start with your own bank or credit union they might offer you very attractive rates and terms, based on your banking history with that institution.
Do I need to have home inspection done even though house is brand new?
This is optional and a very small investment for a big saving. As a buyer’s agent, we insist that our clients always get a home inspection done, doesn’t matter if the house is 20 year old or brand new built. Hire a licensed and accredited home inspector to perform the inspection; not your dad or your buddy contractor or handy man who knows everything, get a real licensed inspector, don’t cut corners that will cost you big in future. Be there for the inspection and ask questions because a new home can contain defects.  Wouldn’t it be nice to find out defects home builder have before closing escrow, rather than chasing after builders when they are done. You will be surprise to know the number and severity of new home defects often rival resale home problems. New home buyers often think that the new home warranty will take care of all their problems, that’s simply not the case. In a real world, builders are not always perfect; they can make mistakes too, but don’t let their mistake put a hole in your pocket and savings account.
Take Your Own Real Estate Agent On First Visit to Builders
·The builders have a very nice sales team and they are paid to represent the builder.  They will use high pressure sales tactics to persuade you to sign the contract. Due to the high volume nature of brand new home sales, lots of builder's agents are paid less than a traditional commission; some earn a salary plus incentives, so turnover is important to their livelihood.
·Take your own real estate agent with you on your very first visit to represent you.  Most of the time, your agent will be paid by the builders not you. Key is to have agent with you on the first visit not second, most builders remembers you on first visit and know you didn’t have your agent, trying to bring one in on second visit may not work.
·Your own agent will represent you, and do all due diligence, and is required to disclose the positives as well as the negatives about the transaction. Builder's agents don't discuss drawbacks.
Don’t Buy All Upgrades Verify Option and Upgrade Pricing
·Builders design studio to pick upgrades options; this is where many new homebuyers get out of control and overspend on a new home purchase.  You must determine which options and upgrades you want at home before you go into the design studio. Bear in mind that for many builders, the profit margin is highest in upgrades. Most builders can sell a home for almost bare construction cost because they know they can make the bulk of their profit in the upgrades.
·Important thing to find out whether your lender will lend on all the options/upgrades you have chosen. If your lender will not finance 100% of your selections, you will be required to pay for it in cash at closing, which can put a big dent in your savings.
·Beware, some contracts give the builder the right to choose your upgrades if you do not submit your request within a certain period of time.
·To save money, consider which upgrades you could purchase and install yourself after the escrow closes. However, realize that some upgrades such as ceiling fans pre-wire, holiday light package, surround sound speaker pre-wire, CAT-V, or security wiring inside the walls are easier to do before construction.
If you are ready to purchase a brand sparklin’ new home and need a local real estate agent to go with you on your first visit or you need to sell your current home, please feel free to contact us today.  We help both buyers and sellers and we live right here in Canyon Hills for over 7 years and we know the local real estate market very well.
If the builder you want to purchase from is not in Canyon Hills and still would like us to go with you to another builder or city, we would be happy to assist you on purchasing your brand new home, we service the entire Riverside County. We know, not all buyers live and work local or have time to go see the construction of their new home, which is always so exciting. As your agent we would be happy to take weekly pictures of your new construction home and e-mail them to you. This way you can see the work from start to finish and we can be your second eyes to make sure work is being done the way you want it.
Learn how you can EARN money from purchasing a new home from us!  Contact us today for more details, some conditions may apply.
Call Us Today:
Legacy Homes Realty
Josephine & Raj Sharma
Office: (951) 226-0905
www.LegacyHomesRE.com
DRE LIC # 01507253, 01886334