I was told that a realtor just finds a house for you. They do act like a middle man but if you find a house on your own what purpose they serve? Just asking
Good question and I think that's what many buyers think. 1st, The onsite agent works for the builder and nobody is working for you so during the transaction they are not obligated to advise you on anything for your best interest. I like to say its like allowing your spouse's attorney who your spouse is paying represent you in a divorce. They won't do anything illegal but they will not point out anything that would compromise their client or in real estate, the sale. 2nd. We are experienced and know the market & law, we know your rights as a buyer and how to explain contracts so you will understand. Also we know best resale, plats, surveys, encroachments, easements and title, how much the the builder paid in closing for the other closed properties, etc. How to pick the best lot, upgrades and get additional incentives. 3. Lastly, it is free to you. So there is no advantage to not having an agent. The builder pays your agents commission and will not discount the home if you don't have an agent, it is typically just more money in builders pocket. I hope this helps...Thanks for watching!
I think if your looking for something special which is probably not a new build a realtor would be good especially if they really know the city and out there ready to grind to find what you really want...new builds are pretty easy to navigate yourself..some may help with unfamiliar terminology but if your on this channel chances are you are researching
Great interaction between these young ladies. You can tell their frienship is genuine and they both support each other. Thank you for this great video!
Can you do more videos reviewing specific neighborhoods? I’m really interested in the Georgia Dream program and moving to the Dekalb or Fulton County area.
Clearly, I need another Agent.. My Agent doesn't help anyone with what you're saying the most she'll do is offer you the location of the property.. We need someone like you in NJ!
One thing I think is smart to ask up front before finding a realtor, if you think that you will buy a new construction home is check to see if the seller will pay for the buyers agent and what will they pay. Recently I was informed by Ryan Homes that they would only pay $3k towards buyers agent so i would be responsible for the remainder of the commission. Stanley Martin will pay 2% of buyers agents’ fee. I guess it depends on the community and builder. I just made an offer with a private builder (very small compared to the others listed) and they agreed to pay 2.5% - which is my Agents’ fee. Obviously this is likely a huge change in commission rates and what construction companies will pay since the lawsuit.
We had a house built before this new house and we had a charge off went on our credit and took our scores way down and we got our honest money back. Thank God.
Thank you so much Shaheedah and Nicole! I was so intimidated by the idea of being a first time home buyer in new construction, but this video gave me information to boost my confidence !!! I will definitely be getting an agent!! Sending love from Arizona!!
Thank you for the great information! Im purchasing a new built with a large home builder who initially gave me a loan estimate at one rate but once the house was released charged an hefty homesite premium that was never mentioned prior.
One thing that freaks me out about purchasing our first home, is the cost of utilities.. I know they can fluctuate, depending on the time of year, but how do you calculate that into your budget of affording a home?? Thanks, and I have loved all of your videos. They’re very informative.
If you do a resale you can ask the seller to provide some averages. Also for new construction and resale you can call the utility company and they can give you some averages based on square footage.
4 years ago I went to a new community just to look. I was not in the market. They had me fill out a paper & asked if I was working with a realtor, I said no. I am now ready to buy but they’re refusing me representation because FOUR years I said I wasn’t working with one. My realtor wasn’t even practicing 4 years ago. Is this allowed?
Very Informative! She mentioned maintaining the current home values by asking for incentives instead of price cuts. I have a similar but different question - for a HOA Community that’s newly built in an area where homes are significantly cheaper ( homes surrounding the new community ). Does the HOA community maintains its own home value despite the surrounding home values ?
Yes with new construction always buy standard dont pay for up grades it will cost you 😉......buy what you want latter just get your home and love it ..... all I want is my brand new home and lay on the floor and thank God stay in your budget
Make sure you get the construction standards and minimums from the HOA. If there is an HOA the home you build will have to be of similar style and size to the homes already in the neighborhood. If you are using the same builder ask the neighbors in the community how they like their homes, if you are getting a new builder - ask them for 3 reference of previous builds and go to those homes. Also look up their reviews online and with the state licencing board.
Hi Shaheedah, great video! Could you do a video about getting your offer accepted by the seller, please? I’ve recently learned that a seller could reject your offer if you put down a low down payment. I will be a first-time home buyer planning to put down 3% with a conventional mortgage. I was looking at homes in Alpharetta and Sandy Springs, but now I’m wondering a buyer may need to put down a much larger down payment for homes in these areas to get their offer accepted.
Would love to hear more about the contract to permanent loans available for new builds. Would you qualify for one the same way you would for FHA loans? Also is there mortgage insurance for CP loans?
Question: if we signed a contract with the builders agent to represent us as the buyers agent.... can we then terminate the contract and bring in our own realtor/agent?
Depends on what the contract says. Call them and tell them would like to have your own representation and see how they respond or find an agent and have them bring it up for you. Some builders are more flexible than others.
The earnest money is paid at the time of the contract, the down payment is paid when you close and the house is complete. If you are not familiar with earnest money I have a video about that in My first time buyer playlist. Thank you for watching!
Any tips on buying new construction homes, that are 90% completed already? 2nd time buyer here in ft Myers FL. I am currently researching agents. I had an an agent ask me for earnest money, to start putting in an offer for a home. I wasn’t sure if that’s standard procedure for this kind sale? Any advice and tips to avoid red flags would be fantastic! Thank you for all your help and information!
I am sharing a link below for new construction challenges in this current market. Your agent shouldn't want earnest money but the builder will likely want earnest money to put the home under contract. th-cam.com/video/Ya344OPt8-Q/w-d-xo.html
There is no age discrination in lending - My oldest client was in her 90's a co-borrower for a grandchild, lots of retires buying a house for the first time 55, 60 and 65 have been my most recent in that age range.You can do a 15 year loan or 30 year loan. If you want a house and are in the financial position to buy - Go for it! "Two federal laws, the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act (FHA), offer protections against discrimination. The ECOA forbids credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or whether you receive income from a public assistance program"
Appreciate this video. I am planning on moving to GA soon and was thinking of getting new construction. I look on varies sites to see what is out there and the pricing. My biggest issue is trying to figure out if I want to live In North or South of Atlanta. I am not familiar with what is considered a food neighborhood and or county since I live up North right now. A video or comment on that would be helpful.
I don’t agree. I think the incentives depend on the builder and can be used towards purchase price, preferred lender as well as upgrades. I would ALWAYS choose towards the purchase price. Who cares about the neighborhood. It’s case by case. If your client qualifies for cheaper home due to what the builder allows is great! It’s helps them in the long run with taxes
Honestly, everyone should care about the neighborhood. Discounting the price slows down the appreciation rate of that neighborhood, which in turn hurts the home value of the neighborhood. I have a friend who purchased new build two years ago for $220k. Her home value now is around $250k because the value in her community has increased since she bought.
Some builders that are building large communities want to keep the overall value up. If they discount prices then the values of the homes will vary greatly and when lenders appraise the properties it may not appraise for the contract price. Even right now during the pandemic, builders are increasing incentives but very few are dropping the price. Depending on the economy over the next 6-12 months they may have to but right now they are not. With all that being said you or your agent can offer whatever you want on new construction or on resale to try to find the best deal possible.
In regards to earnest money... Is FHA the only loan type that puts stipulations on the due diligence and for instance if the appraisal ends up saying the house is worth less than the buyer is asking for ? Basically am I protected regardless of the loan type?
FHA has it built in to contracts that the borrower does not have to pay above appraised value, its called an amendatory clause - however you can agree to pay out of pocket above appraised value. For conventional you need to make sure that an appraisal contingency is part of your contract. I hope this helps.
Hi just a quick question. What happens if I want to custom build a home? Do I still need a realtor ? Can you speak about construction to permanent loans? Buying a lot/ land and adding a possible modular home. I’m a young 25 and I see myself buying in 2 to 3 years so I need a little more guidance.
If you have your own land you probably to not need a Realtor, but a Realtor may be able to help you find a reputable builder. Contact one in your area and let them guide you through the process.
I'm sorry I don't sell manufactured homes, but I would do some research with your lender and the company selling the home to see what your options are. Also, typically manufactured homes do not go up on value like traditional real estate.
Hi Mrs. Hill , I'm looking to buy a new build but the lot I want is still blank how does this affect me going under contract?? New community of over 100 homes and only 4 to 6 homes up so far
Good day ladies!, Shaheedah, I am looking to relocate to Georgia, soon, (most likely) and I want to know how can I get in touch with your agency to see how to get started on my personal journey? Thanks for your help Janita
The Real Realtor - Shaheedah Hill Real Estate Thank you I live in California and will be purchasing my mom’s home that my family has agreed to sale to me. I am not interested in flipping it but rather bringing it up to code and doing a remodel with maybe and add on. I have not found anyone who has done a video on the 203k Standard loan. My mom’s house is 97 years old with hardly any up to date repairs. So I know I will exceed the 35k streamline. I love how your videos are always thorough and clear for laypeople!!
My builder locked in my purchase price back in October 2021, he has since come back and wants to do another increase due to "inflation". Is this legal?
Yes, depending on how your contract it written. Have a real estate attorney review it for you. Watch this video - th-cam.com/video/Ya344OPt8-Q/w-d-xo.html
I am interested in buying a new construction home, so I've visited a couple of model homes over the past few months. Due to COVID, I had to sign up on the community's website for a self-guided tour. However, during the sign-up, there was a page telling me that if I needed to list my realtor, and if I didn't list a realtor at that time, I would waive my right to buyer's representation for a potential future purchase in that community!! Is this common practice?
Shaheedah Hill Real Estate Oh my, thank you for letting me know! Thankfully, I was careful to only visit communities that were almost completely sold out, because my goal was to get familiar with the builder’s style and quality.
Hi, I answered this above so I am going to paste here as well. Negotiation is not just price, there are several items during a transaction that need to be negotiated. Also, not all transactions go smoothly, sometimes I have to negotiate to get clients out of contracts and put stipulations in contracts to protect them. Good question and I think that's what many buyers think. 1st, The onsite agent works for the builder and nobody is working for you so during the transaction they are not obligated to advise you on anything for your best interest. I like to say its like allowing your spouse's attorney who your spouse is paying represent you in a divorce. They won't do anything illegal but they will not point out anything that would compromise their client or in real estate, the sale. 2nd. We are experienced and know the market & law, we know your rights as a buyer and how to explain contracts so you will understand. Also we know best resale, plats, surveys, encroachments, easements and title, how much the the builder paid in closing for the other closed properties, etc. How to pick the best lot, upgrades and get additional incentives. 3. Lastly, it is free to you. So there is no advantage to not having an agent. The builder pays your agents commission and will not discount the home if you don't have an agent, it is typically just more money in builders pocket. I hope this helps...Thanks for watching!
Hey ladies thanks for the info. Can you refer me to a customer builder. I am having trouble finding a ranch home in my price rate and when we do it go’s off the market before we can get started. So we want to build out retirement home.
@@ShaheedahHill I live in Lowndes county (Valdosta), have a lot (paid), a veteran, and retired. I am a first time buyer and am interested in having a home built. What can I do? I also have my plans
I actually just purchased my first home. I wish I would have found these videos before hand. I just wanted to gain knowledge on both sides of the process for when the time comes for me to sell.
Thanks for the wealth of info. I am thinking of going through the NACA program but I have been curious about the new builds and how do we learn about it? Meaning the affordable ones since so many being built are expensive. The concern for many who may be in an apartment and the management/landlord not want to do a month to month rent, what is the suggestion you have given those in the midst of buying and there is a delay since many things just can’t be controlled? How soon would you suggest someone start looking when they know when the lease is ending within a certain period of time?
If you cannot do month to month you may have to terminate your lease early, review your lease for penalties. I also did a video - Breaking your lease to buy a house..
It typically is free to you to have representation. The seller or builder pays your agents commission. I did a video about how to get you real estate license and I included how agents get paid. That video can give you some insight. Thanks for watching!
It depends on what your contract says. Lots of builders have it written in that even with significant delays you cannot get your earnest money back. But it also depends on the builder. Lots of builders will just give it back and move on to the next buyer. Review your contract and have your agent advise you.
Unfortunately, not at this time. You can look on TH-cam, some may have channels or your can get some referrals from friends or family. Interview at least 3 to find one that would work best for you.
It sounds like you are referring to a county or city offering to reduce or elimate your property taxes for a period of time. I am not familar with a builder offering this directly.
@@ShaheedahHill Hi I live in Exton PA area.Do you have any friends of realtors in this area to help in each and every aspect as you explain in your videos
Appreciate this video. I am planning on moving to GA soon and was thinking of getting new construction. I look on varies sites to see what is out there and the pricing. My biggest issue is trying to figure out if I want to live In North or South of Atlanta. I am not familiar with what is considered a food neighborhood and or county since I live up North right now. A video or comment on that would be helpful.
The best thing to do it visit first to see what neighborhood would feel more like home for you. On my Atlanta channel I plan to post some videos on the different Atlanta counties. A lot will depend on your price point and then I advise my clients to find the best home/neighborhood in their desired price range.
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I was told that a realtor just finds a house for you. They do act like a middle man but if you find a house on your own what purpose they serve? Just asking
Good question and I think that's what many buyers think. 1st, The onsite agent works for the builder and nobody is working for you so during the transaction they are not obligated to advise you on anything for your best interest. I like to say its like allowing your spouse's attorney who your spouse is paying represent you in a divorce. They won't do anything illegal but they will not point out anything that would compromise their client or in real estate, the sale. 2nd. We are experienced and know the market & law, we know your rights as a buyer and how to explain contracts so you will understand. Also we know best resale, plats, surveys, encroachments, easements and title, how much the the builder paid in closing for the other closed properties, etc. How to pick the best lot, upgrades and get additional incentives. 3. Lastly, it is free to you. So there is no advantage to not having an agent. The builder pays your agents commission and will not discount the home if you don't have an agent, it is typically just more money in builders pocket. I hope this helps...Thanks for watching!
My agent did nothing for me at all and I found the property
I think if your looking for something special which is probably not a new build a realtor would be good especially if they really know the city and out there ready to grind to find what you really want...new builds are pretty easy to navigate yourself..some may help with unfamiliar terminology but if your on this channel chances are you are researching
@@terri3486 I purchased a new build, great investment $65K equity in less than a year
Great interaction between these young ladies. You can tell their frienship is genuine and they both support each other. Thank you for this great video!
Thank you for watching!
From experience,one of the biggest con for new construction might be the builder itself. Always research the builder first!
I couldn’t agree more because not all builders are created equal especially with regard to quality of construction!!
Facts!! Unfortunately, all builders have negative reviews, but I think it depends on the number and type of negative reviews.
Can you do more videos reviewing specific neighborhoods? I’m really interested in the Georgia Dream program and moving to the Dekalb or Fulton County area.
I love this I was thinking about getting a house built soon !!!
Clearly, I need another Agent.. My Agent doesn't help anyone with what you're saying the most she'll do is offer you the location of the property.. We need someone like you in NJ!
She may be too busy to really work with first time buyers, you may need to look at additional options. But talk to her first to see how she operates.
One thing I think is smart to ask up front before finding a realtor, if you think that you will buy a new construction home is check to see if the seller will pay for the buyers agent and what will they pay. Recently I was informed by Ryan Homes that they would only pay $3k towards buyers agent so i would be responsible for the remainder of the commission. Stanley Martin will pay 2% of buyers agents’ fee. I guess it depends on the community and builder. I just made an offer with a private builder (very small compared to the others listed) and they agreed to pay 2.5% - which is my Agents’ fee. Obviously this is likely a huge change in commission rates and what construction companies will pay since the lawsuit.
@ccbae5 Thanks for watching and sharing
Thanks ladies , you both are a resource for getting valuable information. Keep these informative videos coming
Thank you! Will do!
We had a house built before this new house and we had a charge off went on our credit and took our scores way down and we got our honest money back. Thank God.
I love love this channel she responds to question you may have.😍
Thank you so much Shaheedah and Nicole! I was so intimidated by the idea of being a first time home buyer in new construction, but this video gave me information to boost my confidence !!! I will definitely be getting an agent!! Sending love from Arizona!!
Glad it was helpful!
Looking forward to contacting you once my husband and I finish saving for our down payment to buy a house 😃😃😃
Yes! You don't wanna be house poor! Great advice!
Yes! Thank you!
i have to thank you again for explaining this in a way i can understand. i watched 4 videos already
Thanks Ash and welcome to my channel!
This is a great interview. I love the information that is provided in this video. Thanks again Shaheedah!!
Thanks for watching
This video was very helpful. You guys were so informative. I didn't want to wait on new construction but now considering. Thank you
Glad it was helpful and thank you for watching!
Your videos are very educating. Keep us educated thank you so much🤗🥰Thank you ladies...
Thanks for watching!
I’m so glad I found you. You have Giving a lot of great information, to bad I live in Orlando. I could really use you.
Thank you for the great information! Im purchasing a new built with a large home builder who initially gave me a loan estimate at one rate but once the house was released charged an hefty homesite premium that was never mentioned prior.
Please watch my new construction Beware video. In this market lots of builders are changing the way they do things.
One thing that freaks me out about purchasing our first home, is the cost of utilities.. I know they can fluctuate, depending on the time of year, but how do you calculate that into your budget of affording a home?? Thanks, and I have loved all of your videos. They’re very informative.
If you do a resale you can ask the seller to provide some averages. Also for new construction and resale you can call the utility company and they can give you some averages based on square footage.
The Real Realtor - Shaheedah Hill Real Estate thank you for getting back to me! This is VERY helpful in making sure we don’t go house poor..
Great Video Mrs.Hill
Thanks for watching!
Thank you, Shaheedah, you rock!
Thank you - You too!
4 years ago I went to a new community just to look. I was not in the market. They had me fill out a paper & asked if I was working with a realtor, I said no. I am now ready to buy but they’re refusing me representation because FOUR years I said I wasn’t working with one. My realtor wasn’t even practicing 4 years ago. Is this allowed?
You're the best, Shaheeda!
Thank you for watching!
Thank you for this information. It indeed is helpful.
You are so welcome!
awesome video!! thank you so much!
Thanks for watching!
This is very informative! Thank you both ☺️
Glad it was helpful!
We are building and the preferred lender we had didnt help us much. We had to find another lender but it wasn't a preferred lender
Awesome video!!!! Thanks ladies...
Very Informative! She mentioned maintaining the current home values by asking for incentives instead of price cuts. I have a similar but different question - for a HOA Community that’s newly built in an area where homes are significantly cheaper ( homes surrounding the new community ). Does the HOA community maintains its own home value despite the surrounding home values ?
Typically yes because the homes in that subdivision will be the closest comparables to one another.
Great info. and advice.
Very informative video.
Thank you. Great information.
Glad it was helpful!
This is great information!!! I never go in with a realtor because I’m just looking
Thank you for watching!
Thank you awesome ladies for all you do. 🥰🥰
This was lovely and so informative. Thanks ladies!!🌹!
Yes with new construction always buy standard dont pay for up grades it will cost you 😉......buy what you want latter just get your home and love it ..... all I want is my brand new home and lay on the floor and thank God stay in your budget
Good advice!
Thank you 🥰love all your videos
That’s what I plan on doing. Getting the base model
Damn they are fine and educated ✊🏾😘🥰😍😍😍😍
This is awesome... I plan to build a new construction home soon. Thank you for all of your videos, they are great & are helping so many people.
Great video!
Any tips for buying a vacant lot in an already established neighborhood and building on top of that?
Make sure you get the construction standards and minimums from the HOA. If there is an HOA the home you build will have to be of similar style and size to the homes already in the neighborhood. If you are using the same builder ask the neighbors in the community how they like their homes, if you are getting a new builder - ask them for 3 reference of previous builds and go to those homes. Also look up their reviews online and with the state licencing board.
@@ShaheedahHill Thank you for this info. Looking to build soon and am terrified. Lol
what about the FHA one-time closing construction loan? can you find out about that>
Hi Shaheedah, great video! Could you do a video about getting your offer accepted by the seller, please? I’ve recently learned that a seller could reject your offer if you put down a low down payment. I will be a first-time home buyer planning to put down 3% with a conventional mortgage. I was looking at homes in Alpharetta and Sandy Springs, but now I’m wondering a buyer may need to put down a much larger down payment for homes in these areas to get their offer accepted.
th-cam.com/video/4ebMRu1KUGo/w-d-xo.html
Very helpful
Thank you
Love this
Thank you!
Excellent! 👍👍👍
I wish I was in Georgia
Would love to hear more about the contract to permanent loans available for new builds. Would you qualify for one the same way you would for FHA loans? Also is there mortgage insurance for CP loans?
I am bringing Micole back from Bank South to do a video on Construction loans.
Question: if we signed a contract with the builders agent to represent us as the buyers agent.... can we then terminate the contract and bring in our own realtor/agent?
Depends on what the contract says. Call them and tell them would like to have your own representation and see how they respond or find an agent and have them bring it up for you. Some builders are more flexible than others.
When is the down payment made? After construction or before? Thanks
The earnest money is paid at the time of the contract, the down payment is paid when you close and the house is complete. If you are not familiar with earnest money I have a video about that in My first time buyer playlist. Thank you for watching!
Any tips on buying new construction homes, that are 90% completed already? 2nd time buyer here in ft Myers FL. I am currently researching agents. I had an an agent ask me for earnest money, to start putting in an offer for a home. I wasn’t sure if that’s standard procedure for this kind sale? Any advice and tips to avoid red flags would be fantastic! Thank you for all your help and information!
I am sharing a link below for new construction challenges in this current market. Your agent shouldn't want earnest money but the builder will likely want earnest money to put the home under contract. th-cam.com/video/Ya344OPt8-Q/w-d-xo.html
Hi Shaheedah can you buy at home for the first time when you are in your late fifties. How long will they give you to pay for your mortgage.
There is no age discrination in lending - My oldest client was in her 90's a co-borrower for a grandchild, lots of retires buying a house for the first time 55, 60 and 65 have been my most recent in that age range.You can do a 15 year loan or 30 year loan. If you want a house and are in the financial position to buy - Go for it! "Two federal laws, the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act (FHA), offer protections against discrimination. The ECOA forbids credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or whether you receive income from a public assistance program"
I wish you were in Maryland, you would definitely be our go-to. Do you know or Recommend anyone in Ann Arundel County, Maryland?
Thank you, unfortunately I don't have anyone I can recommend there.
Appreciate this video. I am planning on moving to GA soon and was thinking of getting new construction. I look on varies sites to see what is out there and the pricing. My biggest issue is trying to figure out if I want to live In North or South of Atlanta. I am not familiar with what is considered a food neighborhood and or county since I live up North right now. A video or comment on that would be helpful.
The best thing to do is to visit because both area are different.I will do some videos on my Atlanta page soon that will highlight neighborhoods.
I don’t agree. I think the incentives depend on the builder and can be used towards purchase price, preferred lender as well as upgrades. I would ALWAYS choose towards the purchase price. Who cares about the neighborhood. It’s case by case. If your client qualifies for cheaper home due to what the builder allows is great! It’s helps them in the long run with taxes
Honestly, everyone should care about the neighborhood. Discounting the price slows down the appreciation rate of that neighborhood, which in turn hurts the home value of the neighborhood. I have a friend who purchased new build two years ago for $220k. Her home value now is around $250k because the value in her community has increased since she bought.
Some builders that are building large communities want to keep the overall value up. If they discount prices then the values of the homes will vary greatly and when lenders appraise the properties it may not appraise for the contract price. Even right now during the pandemic, builders are increasing incentives but very few are dropping the price. Depending on the economy over the next 6-12 months they may have to but right now they are not. With all that being said you or your agent can offer whatever you want on new construction or on resale to try to find the best deal possible.
some new builders do offer credit towards closing costs if you do not have a realtor in california.
In regards to earnest money... Is FHA the only loan type that puts stipulations on the due diligence and for instance if the appraisal ends up saying the house is worth less than the buyer is asking for ? Basically am I protected regardless of the loan type?
FHA has it built in to contracts that the borrower does not have to pay above appraised value, its called an amendatory clause - however you can agree to pay out of pocket above appraised value. For conventional you need to make sure that an appraisal contingency is part of your contract. I hope this helps.
Is the min credit score for GA Dream program still 640? Do you need a higher score during the Covid Pandemic?
No it is still 640, however fewer banks are participating because the banks have raised their minimum credit scores.
Hi just a quick question. What happens if I
want to custom build a home? Do I still need a realtor ? Can you speak about construction to permanent loans? Buying a lot/ land and adding a possible modular home. I’m a young 25 and I see myself buying in 2 to 3 years so I need a little more guidance.
If you have your own land you probably to not need a Realtor, but a Realtor may be able to help you find a reputable builder. Contact one in your area and let them guide you through the process.
Great video! Can we have less ads next time.
Noted!
What about home/land package deals with manufactured homes?
I'm sorry I don't sell manufactured homes, but I would do some research with your lender and the company selling the home to see what your options are. Also, typically manufactured homes do not go up on value like traditional real estate.
Hi Mrs. Hill , I'm looking to buy a new build but the lot I want is still blank how does this affect me going under contract?? New community of over 100 homes and only 4 to 6 homes up so far
They builder many need a permit and an address before they can officially go under contract.
@@ShaheedahHill Okay Thank You!!!!
Good day ladies!,
Shaheedah, I am looking to relocate to Georgia, soon, (most likely) and I want to know how can I get in touch with your agency to see how to get started on my personal journey?
Thanks for your help
Janita
Hi do u have to pay on your mortgage while you’re house is being built
Good question, no you don't. Only when you after the home is complete and you close.
Can you do a whole video on how to get a 203k Standard loan as a First time buyer in today’s market? Thank you
Lot of lenders have held back this programs for now, but I will do a video about rehab loans with Micole.
The Real Realtor - Shaheedah Hill Real Estate Thank you I live in California and will be purchasing my mom’s home that my family has agreed to sale to me. I am not interested in flipping it but rather bringing it up to code and doing a remodel with maybe and add on. I have not found anyone who has done a video on the 203k Standard loan. My mom’s house is 97 years old with hardly any up to date repairs. So I know I will exceed the 35k streamline. I love how your videos are always thorough and clear for laypeople!!
My builder locked in my purchase price back in October 2021, he has since come back and wants to do another increase due to "inflation". Is this legal?
Yes, depending on how your contract it written. Have a real estate attorney review it for you. Watch this video - th-cam.com/video/Ya344OPt8-Q/w-d-xo.html
New construction upgrades are typically way overpriced. I would expect a deal on the upgrades, especially if I am NOT using a buyer agent.
Are down payment assistance only for certain areas?
All states usually have some DPA programs, please watch my Down Payment Assistance Videos.
I am interested in buying a new construction home, so I've visited a couple of model homes over the past few months. Due to COVID, I had to sign up on the community's website for a self-guided tour. However, during the sign-up, there was a page telling me that if I needed to list my realtor, and if I didn't list a realtor at that time, I would waive my right to buyer's representation for a potential future purchase in that community!! Is this common practice?
Yes, unfortunately it is. Some communities may allow you to add an agent later, it is just varies.
Shaheedah Hill Real Estate Oh my, thank you for letting me know! Thankfully, I was careful to only visit communities that were almost completely sold out, because my goal was to get familiar with the builder’s style and quality.
Shaheedah !
Another HOME RUN video !
(see what I did there !)
Yes I get it, thanks ☺😃
Since it’s not much negotiation , what exactly is the realtor doing for you ? I mean besides the little things like sign here etc
Hi, I answered this above so I am going to paste here as well. Negotiation is not just price, there are several items during a transaction that need to be negotiated. Also, not all transactions go smoothly, sometimes I have to negotiate to get clients out of contracts and put stipulations in contracts to protect them.
Good question and I think that's what many buyers think. 1st, The onsite agent works for the builder and nobody is working for you so during the transaction they are not obligated to advise you on anything for your best interest. I like to say its like allowing your spouse's attorney who your spouse is paying represent you in a divorce. They won't do anything illegal but they will not point out anything that would compromise their client or in real estate, the sale. 2nd. We are experienced and know the market & law, we know your rights as a buyer and how to explain contracts so you will understand. Also we know best resale, plats, surveys, encroachments, easements and title, how much the the builder paid in closing for the other closed properties, etc. How to pick the best lot, upgrades and get additional incentives. 3. Lastly, it is free to you. So there is no advantage to not having an agent. The builder pays your agents commission and will not discount the home if you don't have an agent, it is typically just more money in builders pocket. I hope this helps...Thanks for watching!
The Real Realtor - Shaheedah Hill Real Estate thank you
Hey ladies thanks for the info. Can you refer me to a customer builder. I am having trouble finding a ranch home in my price rate and when we do it go’s off the market before we can get started. So we want to build out retirement home.
Do you already have land? What area are you looking in and what is the price range?
How often is it to find new construction homes with no HOA fee?
Very Rare, however it depends on the state and the amenities.
Please advise if the naca program can be used on new construction
Yes it can
@@ShaheedahHill I live in Lowndes county (Valdosta), have a lot (paid), a veteran, and retired. I am a first time buyer and am interested in having a home built. What can I do? I also have my plans
With a new construction, do you have to pay discount points if you don't want to?
No you don't, you don't have to use the builder's lender. Always get 3 quotes.
Do you do videos for sellers?
Yes, but not as many. Are you a first time seller?
I actually just purchased my first home. I wish I would have found these videos before hand. I just wanted to gain knowledge on both sides of the process for when the time comes for me to sell.
Thanks for the wealth of info. I am thinking of going through the NACA program but I have been curious about the new builds and how do we learn about it? Meaning the affordable ones since so many being built are expensive. The concern for many who may be in an apartment and the management/landlord not want to do a month to month rent, what is the suggestion you have given those in the midst of buying and there is a delay since many things just can’t be controlled? How soon would you suggest someone start looking when they know when the lease is ending within a certain period of time?
If you cannot do month to month you may have to terminate your lease early, review your lease for penalties. I also did a video - Breaking your lease to buy a house..
What is reconstructed is that the same as a new home ??
Yes
Is there a price difference??
So if I have a Preapproval letter for fha can I use it for a new construction
Yes, you sure can!
Who is allowed to apply for permits
What is the cost of having a realtor representing us the buyers on new construction.
Well I heard Free but not many things are free in life.
It typically is free to you to have representation. The seller or builder pays your agents commission. I did a video about how to get you real estate license and I included how agents get paid. That video can give you some insight. Thanks for watching!
Can you do a video on actually being a realtor preferably part time?
Yes, I think that will be one of my next videos....maybe next week.
Where are you
For someone that may need your service
Georgia, links are in the description.
If I am in a new construction contract and my delivery date is delayed can I terminate the contract and get my full EMD
It depends on what your contract says. Lots of builders have it written in that even with significant delays you cannot get your earnest money back. But it also depends on the builder. Lots of builders will just give it back and move on to the next buyer. Review your contract and have your agent advise you.
Thanks. I am at the Escrow stage and just waiting for our home to be completed. Do you have a video for " What to do after you close?
I have what happens at closing. But good idea ... to do after you close. Congratulations!
Can you do a video on how to buy a home with bankruptcy?
I have a video on how long you have to wait, please look in the video link. Thank you
Thank you for the information. My question who will pay my agent?
The seller/ builder. Please watch my video about -How to get your real estate license - I talk about how buyer agents get paid.
Hi Shaheeda
I have a loan officer and he is a realtor too
What are you’re thoughts?
Can he be both?
Yes, you can be licensed to do both, but still get quotes from other lenders.
Thank you for replying back
You are really awesome!!!
May you be blessed
Do you have any realtors that you recommend in Raleigh, NC
Unfortunately, not at this time. You can look on TH-cam, some may have channels or your can get some referrals from friends or family. Interview at least 3 to find one that would work best for you.
@@ShaheedahHill ok, thank you!!
Can you explain new construction with 10 year taxes abatement. What do this really mean.
It sounds like you are referring to a county or city offering to reduce or elimate your property taxes for a period of time. I am not familar with a builder offering this directly.
@@ShaheedahHill ok thank you
"...you don't want to be house-poor"
That was a word!!!
Yes, ma'am!
Do I qualify for A donation..... lol
Put her information here please
Please see description. All contact info is there..
Why didn't I see that wow, blind me jijiji
@@ShaheedahHill Hi I live in Exton PA area.Do you have any friends of realtors in this area to help in each and every aspect as you explain in your videos
Appreciate this video. I am planning on moving to GA soon and was thinking of getting new construction. I look on varies sites to see what is out there and the pricing. My biggest issue is trying to figure out if I want to live In North or South of Atlanta. I am not familiar with what is considered a food neighborhood and or county since I live up North right now. A video or comment on that would be helpful.
The best thing to do it visit first to see what neighborhood would feel more like home for you. On my Atlanta channel I plan to post some videos on the different Atlanta counties. A lot will depend on your price point and then I advise my clients to find the best home/neighborhood in their desired price range.