| A Home Sellers Service From CLHLLC |
PRE CONSTRUCTIONcontinued
COMMON MISTAKES TO AVOID
NO CASH HOLDBACK. lnsist for funds to be placed in escrow to complete any features that are not completed in your new home. If the home is not finished (for unforseen difficulties) and you and the builder are desiring to close, you want to have funds to quarantee that all will be completed.
NO PUNCH LIST. Arrange the final 'walk-through inspection' as early as possible. Make a punch list of all uncompleted things or troubling items. You and the builder will sign this punch list as as agreement of what work is remaining to be done and with agreed dates for it to be completed.
PASSING UP COST EFFECTIVE UPGRADES. Assess offered upgrades and non offered upgrades. There can be a big difference in quality and durability between builder grade and upgraded things. It is sometimes best to spend more money and get better lights or flooring. Explore personalized upgrades not offered by the builder. Deane and I have insisted politely on non standard upgrades to every home we have built (and have gotten them-one time the builder requiring us to promise not to tell anyone).
IGNORING the REAL RISK. Assess the risk of contracting for construction or pre-construction. There is some risk entering into a project both before it has started and after it has started. Check as much as posible on the developers standing in the community and with the local building authorities and the real and actual record of the builder for timely completion of his contracted work. Think about what you
can do because of problems arising from late delivery of the home. This may be backup plans for cost overruns, bridge loans, loan rate-lock expiration dates, etc.
GIVE CHRIS A CALL – LET’S DISCUSS HOME SELLING AND START YOU ON THE ROAD TO A SUCCESSFUL HOME SALE
WITH CHRIS YOU CAN'T MISS. OK? So Call him today!
