Tuesday, November 20, 2007

WHEN PURCHASING NEW CONSTRUCTION

In the Austin area, builders expect to pay your REALTORS® commission and usually won't reduce the price of the home by the commission amount although they may negotiate on the price. Ask your REALTORS® for help in negotiating the price. Remember, the friendly sales person in the model home represents the builder, not you. Take your REALTORS® with you. He/she is there to protect your best interests and guide you through the process.

Also, keep in mind that the property taxes are based on unimproved property (before the house was built.) Once you purchase, the property will be reassessed and the taxes will go up. Be prepared by saving enough to cover the shortage in your escrow account and the increase for the following year.

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Buying or selling? Hire an experienced professional. Call Robin Scott, Broker at 512.589.7988.
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