The Process Begins
“A mind that is stretched by a new experience can never go back to its old dimensions.”
-Oliver Wendell Holmes, Jr.
During my time as a real estate agent, I have had the pleasure of helping many clients buy and sell houses. For the most part, these transactions follow a similar process. As with any profession, plenty of “curveballs” are thrown in throughout the process. In those times, you adjust to the situations, learn on the fly, and get the deal to the closing table.
Regarding buyers, roughly two-thirds of my clients have purchased existing homes, leaving the remaining one-third purchasing new construction. Purchasing an existing home, follows the same general process through the home search, contract negotiations, and closing. New construction in a neighborhood also follows a standard process (unless purchasing an inventory home). The process begins by meeting with a new home consultant. Buyers should always take their agent with them or immediately register their agent with the consultant if going without him/her. Next, buyers will consider and select a model/plan of their liking that is offered in the neighborhood, select the desired options that fits their budget, and the consultant will help to guide all parties through the process and timelines from there. While this sounds like an easy process for buyers to navigate through on their own, an experienced agent can provide countless advice (such as what structural features add value vs. what improvements can be completely more cheaply after closing) and insights along the way without costing the buyers any additional money.
Equipped and feeling confident with my knowledge of new home construction, I decided it was time for Michelle and I to start the initial stages of new construction with a custom builder in a rural area. Little did I know, this would be unlike any real estate transaction I’ve had before. I have helped clients purchase lots/land in rural areas, but it ended there. I now feel like the roles have been reversed and instead of being the teacher to my clients, I am now the student seeking answers.
Throughout the upcoming months, I plan to write an ongoing series of blogs educating anyone who is considering building a custom home through sharing my own personal experiences and struggles with the process. My blogs will offer suggestions/advice, pictures, diagrams, and plenty of stories. Even if you aren’t in the market to build a home, stick around for the ride and enjoy the “highs” and “lows” of our experience. Feel free to share these blogs with anything you know that is contemplating building a house or who has built a home in the past. Maybe they can provide with us some advice or we can compare stories. Stay tuned…