7 Things to Know About New Build Home Builder Contracts

We wanted to share 7 things you should know about builder contracts and how they're different from resale contracts.
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You've decided to build a new home... great! We are here to help you through the process, including the builder contract. In this video we cover some differences between new build home contracts vs. resale home contracts, including earnest money, appraisals, inspections, interest rates, and more!
🕒 Timestamps:
2:43 #3 Earnest Money
4:43 #5 Appraisals
7:16 #7 Interest Rates
💥 You may also find value in this video about how new build home pricing works💥
• How does New Build Hom...
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[@pampierce]

Excellent! Helps people understand.

[@cathyjohnson6158]

Excellent explanation of the difference between the two contracts. This is very helpful to a new build buyer.

[@keishapuryear8180]

Thank you for sharing this information

[@HoloHoloAdventures]

I appreciate the information

[@IvanKaplin]

informative, thank you!

[@paulah4476]

thank you very helpful

[@lisapalladino6881]

great info, thanks Joe!

[@shismith10]

Thank you so very much for this informative 🎥.

[@keishapuryear8180]

Very helpful

[@mellie1022]

Thanks for this video!!!

[@AE-tb4ee]

GREAT!!!

[@EastCoastReefer]

Great content. Real expert advices here.

[@shannonjabr2364]

Would you just loose earnest money if new build if you decided to back out for structural issues? Thanks

[@mellie1022]

How does the contract compare with a new build thats done or spec home vs one thats being built?

[@mellie1022]

Are there any sneaky, hidden things they may put in a contract? I wamt to purchase a new build but they are already completed, some since 2022. I am aslo becoming an agent for the sole purpose of getting the commission. I did hear to waive the commission and ask for a seller credit. I just dont want the builder to get one over on me as a new agent buying my first home

[@jvolstad]

Things sure have changed over the past year.

[@jvolstad]

Are you an exclusive buyer agent?