Save $25,000 on an Amazing New Home — Get a FREE 2-year Home Warranty!
REAL ESTATE NEWS (Los Angeles, CA) — To avoid making the biggest mistake that new home shoppers most often make, visitors are required to meet first with a qualified program professional in order to be eligible to get free home buyer protections such as information on the pros and cons of the construction, down sides of the development, negatives of the neighborhood and drawbacks of a potentially bad deal. For new construction homes, the biggest disasters happen when an unsuspecting couple walks in to take an innocent quick peak at the new building, get a gander of the hip, chic new models, and then unexpectedly find that they immediately fall in love the sparkling new digs. They then quickly learn that they have fallen into a common trap, and that they will not be allowed to use their own representative, they must endure the pushy sales office telling them to immediately begin signing away even more of their rights. They end up buying a property without knowing if they got a good deal because they did not get a 2nd opinion from a local professional, they did not see a list of recently sold comparable properties, they were not informed of all of the problems of the building and neighborhood, and the buyer’s interests were not placed above the interests of the seller.
Like fly-by-night operations, new homes sales offices are temporary in nature, and they are not usually around for long. They usually disappear quickly after the homes are sold. The state of California has provided a way of helping to prevent new home mistakes and to protect prospective home shoppers before they step foot into a new real estate development sales office. Before making an appointment to see the new homes, visitors should determine if there is any chance that they might want to make a move within the next six months. If so, the potential home buyer can easily protect their rights, get free home buyer protection, place their interests above the seller’s interests, and save thousands of dollars guaranteed when they find a place they like.
There are three areas of thought that can help prevent disasters before a prospective new home buyer considers a walk into a new homes sales office:
#1 Leaving the checkbook at home will not protect. — Just browsing? Better plan ahead; and here’s why: As soon as someone steps into the sales office of a new home development, they are asked to sign in. That signing in seems innocent and safe enough, but it is often the first and biggest mistake in the process.
Most who stroll in to see new homes instinctively know that they will probably not purchase a home there, but they are rightfully curious. The first problem is that the buyer has unknowingly signed away their right to get free help from a licensed real estate professional. Unless they are accompanied by a qualified program representative on the very first visit, the buyer has actually agreed to give away their free protections given to them by the laws of the great state of California. The innocent visitor has waived rights to free representation by a local real estate professional. Should they fall in love with the new condo or house, the buyer now has but two choices: buy the home directly from the developer’s sales team without the assistance of a knowledgeable professional — or do not buy a new home at that new development. The visitor has inadvertently hired the fox to guard the hen house. The first step of the buying process has begun, and possibly on the wrong foot.
#2 Today’s home buyers in Los Angeles have high standards, which might not be met. Home shoppers want a clean, quiet home with open space, high ceilings, lots of big windows and light, a pretty view of some kind, architectural character, neighborhood safety, convenient parking and walkable to coffee, shops, entertainment and public transportation. Some of the shiny homes in today’s new construction market suffer instead from excessive freeway noise or train noise, gnat swarms, boxy architecture, small windows, freeway view or no view, inconvenient tandem parking spaces, dangerous raceway bike path and prowling coyotes. Some new homes for sale do not yet have final approval from the City of Los Angeles, and in-house lenders sometimes experience big delays, so the sales could potentially be delayed many months.
Some new park-side houses under construction near the river have a land lease so that the owner does not really own all of the property. This limits the long-term value of the property because the land lease impact snowballs to a greater and greater negative factor over time.
#3 Disasters are an inevitable part of the natural cycle – various geographical features and locations carry their own inherent risks. Cities and towns typically have contingencies in place for major catastrophes, which may occur once every few decades or centuries. However, the timing of these incidents is unpredictable; they may occur far in the future or imminently. When it comes to real estate, properties situated near potential disaster zones, even if not directly within the designated high-risk areas, are vulnerable. This includes homes and businesses that are near rivers that have a history of flooding, fault lines prone to earthquakes, or forests susceptible to wildfires. Structural elements such as underground parking, ground-level facilities, and low-rise units are particularly at risk. Ultimately, irrespective of the disaster type, the potential for significant damage exists, underscoring the importance of adequate preparation and risk assessment in real estate development and ownership..
Homebuyer Protection Programs
When the buyer does find the right home, they must face competition from the seller and from other buyers. In today’s real estate market, there are a relatively large number of buyers, and few sellers. Most buyers are unpleasantly surprised that they are usually outbid by other buyers or sometimes virtually ignored by the seller. To have a good chance of success in the current home buying environment, buyers can take advantage of strategies that help them to beat out other buyers to the best deals by getting priority access to all of the properties. This includes getting access to the largest number of pocket listings, off-market, unlisted and unadvertised bargains. Buyers are more satisfied with their home purchase when they get access to the pros and cons, including the negative information on properties such as lawsuits and litigation, along with undesirable construction and defects that sellers sometimes try to ignore or even hide. Buyers want to understand the neighborhood and know what is going on and coming up in the neighborhood. Like a fly-by-night used car lot, new home sales offices typically pack up and leave town after they reach their sales goals.
Rather than relying on a sales office agent, or a friend/relative who happens to be an out-of-area agent from another neighborhood, smart home buyers take advantage of the New Home Buyer Protection Program that includes specialized neighborhood knowledge, combined with the latest real estate technology such as a neighborhood heat map of homes, businesses, parks and amenities. Buyers get the best home purchase terms, incentives, loan rates and fees when they have access to compare several local lenders who know the building. Buyers avoid expensive mistakes when they get help scheduling a local inspection company who specializes in that type of building in that area.
The most serious and astute of home buyers consider all of the costs and possibilities to save as much money as possible on their home purchase. A local neighborhood specialist often knows what the bottom line is for the seller, allowing the home buyer to place the lowest offer rather than offering tens of thousands of dollars too much on a desirable new home. A savings guarantee can ensure that the new home buyer can negotiate down $25,000 from the asking price or the program pays $5,000 toward the buyer’s closing costs – visit www.Save25Grand.com.
Ever notice that things seem to break right after the 1-year warranty has expired. Well, there’s a solution to that as well. An extended 2-year Home Warranty could cost the buyer $800.00, but it is also included in the FREE New Home Buyer Protection Program. Usually, nothing is guaranteed in real estate. It is all too common for buyers to buy a new home, then find out they don’t love home or neighborhood as much as they had hoped. There is protection for that too: The Love Your Home Guarantee. Get the details at www.LoveYourHomeGuarantee.com
The take-away: Sign up for the New Home Buyer Protection Program BEFORE browsing any new construction condominiums or houses. It’s free, it’s your right as a prospective California home buyer, and the right Home Buyer Protection Program can prevent numerous problems while giving many valuable benefits at no cost to the buyer.
Request early viewing, get access to unlisted properties by getting on the New Homes Interest List. Fill out the online form:
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. We are not associated with the seller, homeowner’s association or developer. Offer good on most new construction, new development houses, town homes and condominiums. Limited time offer. Good while supplies last. Not valid with any other special offer. This offer is subject to change without notice. Participating lenders and inspection companies are independently owned and operated. Certain restrictions and qualifications may apply. For more information, contact 213-880-9910 or visit LALoftBlog.com. Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Prospective buyers should review all documents and seek independent legal and financial advice before proceeding with a purchase. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker. The New Home Buyer Protection Program is not an insurance policy and does not substitute for legal, home inspection, or real estate advice. Any person using the information contained in this article agrees to release and hold harmless L.A. Loft Blog and Corey Chambers from any liability arising from the use of this information.
