Cincinnati Nesties
ungraceful13
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Anyone build their house?
DH and I are now thinking about having a house built instead of buying one and I have a few questions. For anyone who built a house: what builder did you use and why? And any things to know about the process or general tips?
Re: Anyone build their house?
This is good advice! We did bring a Realtor with us. And since ur first time home buyers (just like us) she was super helpful!
Who pays the Realtor then? If we don't.
I'm guessing that what pp meant about not paying for it was that the realtor will not charge to go out with you but if you buy the house and use the realtor, then you will pay a percentage based commission to them.
The builder paid ours. Since we weren't selling a house we didn't owe her anything. Not sure if that is normal or not!
The builder paid ours. Since we weren't selling a house we didn't owe her anything. Not sure if that is normal or not!
Ah ok. I'll look into that. I've got to pick a builder first.
We just signed with Fischer Homes to build a home. We chose that builder b/c they were building in a location we liked close to the city. Def have a realtor go with you if you decide to sign. They builder pays your realtor 3% I believe. You do not pay the realtor anything if you buy. The only time you pay a realtor is when you sell your home.
DH and I looked all over for a home within our budget and decided building was the way to go. The location was perfect for us, the price was great (better than some older homes we looked at) and we get just about everything we want in a home and it's new!
As for Fischer, if you go with them just remember to know what you want before final sign off. Once you pick everything ... and I mean everything out for your new home, once you sign off... no going back. If you want to make a change you have to pay for it!! It's not as bad as it sounds... just make sure you review every little detail.
Good luck! It's def fun and exciting.
This is what I meant. The seller always pays commission for both sides of the deal so it doesn't cost you anything extra.
Awesome, thank you, that is great information. Fischer is one we are looking at as well.
Thanks! Did he build on your land or in a neighborhood? And do you have contact information or a web address? I was having trouble with google.
... one last tip, make sure you negotiate
The market still isn't that good and use that to your advanatage. That's why taking a realtor can help. Even if they can't take a lot of money off your total cost, ask them to throw things in like a finished deck, granite, finished basement etc.
One other advantage of building is you have more time to sell your home. Granted if you don't sell it when it's time to close on your new home, you'll have 2 mortgages ... YIKES!! It still gives you time versus finding a home you love already built.
Good luck!!!
Thanks. I'll look into a Realtor soon. The last part doesnt apply because we currently live in an apartment. But that is something I am glad I dont have to think about.
The realtor is paid a percentage of your purchase price. The sales counselor/builder also gets a percentage. Basically, if you don't use a realtor, the sales counselor gets their normal percentage plus the realtor's percentage.
That being said, having built a house, I would definitely have a realtor who is experienced with new home building. There are a lot of issues that can arise, and you want someone who knows what problems are 'normal' vs unacceptable, and will help you determine what fights you want to fight if you have to go there.
Thank you. How do I find a realtor that is experienced with new home building? Do you have a recommendation?