U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Virginia > Northern Virginia
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 03-11-2008, 02:49 PM
 
Location: Washington, DC
65 posts, read 264,533 times
Reputation: 29

Advertisements

An issue that no one has raised yet is making sure the home appraises. Your builder "tacking" on the commission isn't thinking of whether or not the home will appraise for the price they're wanting to charge you.

I'd be sure to include an appraisal contingency in your contract, if it's not already too late.
Reply With Quote Quick reply to this message

 
Old 03-11-2008, 03:21 PM
 
846 posts, read 3,058,001 times
Reputation: 245
You dont want a realtor checking permits and construction inspections and such -- that's not what realtors do. that's what architects or expeditors do. Do you have an architect?
Reply With Quote Quick reply to this message
 
Old 03-11-2008, 04:52 PM
 
32 posts, read 151,063 times
Reputation: 19
We haven't done anything yet - we're still in the thinking process. We don't have an architect. The builder will help us design the house based on some of his previous designs. He would get the permits. He's built many houses in this neighborhood, so I'm guessing permits won't be an issue. I'm assuming he will also arrange for the inspections. But, since I'm out of state, I would want someone probably to attend the inspections. Not sure how it works when you're building a home from scratch.

I'm thinking of going with an experienced buyer's agent because I also want to check comps to make sure we're not overpaying for what we're getting. But I can see how we'd need a lawyer to make sure the contract protects us (i.e. like the appraisal contingency).

What have others done in this situation?
Reply With Quote Quick reply to this message
 
Old 03-11-2008, 08:00 PM
 
64 posts, read 544,992 times
Reputation: 53
Quote:
Originally Posted by BayAreaFamily View Post
I'm assuming he will also arrange for the inspections. But, since I'm out of state, I would want someone probably to attend the inspections. Not sure how it works when you're building a home from scratch.
Why would you possibly trust the builder to find an objective Home Inspector? You should find your own Inspector who would be working for you alone and has no loyalty of any sort to the builder.
Reply With Quote Quick reply to this message
 
Old 03-12-2008, 06:36 AM
 
846 posts, read 3,058,001 times
Reputation: 245
Builders have notoriously bad taste. Many architects also have bad taste, but builders are 100 times worse. I think you should scrutinize his thrown-together plans very carefully, or you're going to end up committed to buy a monstrosity.

And I really really REALLY think you need to fly out here and rent a place so you can keep an eye on him YOURSELF. I've always been screwed by workmen and builders. Everyone I know who has bought a new-construction house has had some horrible thing go wrong (whether they know it or not). And if the builder knows he already has a buyer locked in to the property, what incentive does he have to be careful and do things well? He just has to build the place well enough so that you don't back out. That's different from well enough to attract a new buyer in the first place.

If you're not going to fly out yourself and watch over him, I think you need to find someone else to watch over him. This is typically done by an architect. An expediter is typically someone with an architect's license who knows you don't care about his opinion (on design anyway). He'll make sure plans are to code, stamp them, file them, watch over the permits and inspections. Sometimes you can find an engineer to do this for you (engineers and architects can both stamp plans). This is really what you're looking for, even more than an agent or lawyer. Do you think a lawyer is going to drive out to a construction site and inspect the joisting? Not a chance.

It's not customary here to have a realtor and a lawyer. It is the custom in other parts of the country, but not in NOVA. I think if you get an experienced buyer agent you'll be OK as far as closing the deal.

Have I messaged you to recommend the guy I know? He's been representing buyers in NOVA for over 20 years -- before there was even a name for it. He's dealt with a lot of new construction too, so he might be able to steer you in the right direction better than we can.

Last edited by vanyali; 03-12-2008 at 07:02 AM..
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Virginia > Northern Virginia
Similar Threads
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 02:41 PM.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top