Monthly Newsletter July 2010
(636) 579-9445
Why Use a Real Estate Sales Professional When Buying a Brand-New Home
 
By Jim Redfield
Prudential Alliance Realtors
 
Existing and potential homeowners are looking at real estate from all angles as the U.S. economy and local housing markets continue their recovery. For many, there is strong appeal in buying brand-new homes as myriad builder incentives and low interest rates create significant value.
 
Today’s new homes boast exciting floor plans and designs tailored for specific lifestyles, complete with a huge array of features and appointments. They include energy efficient products and building techniques, reducing buyers’ utility bills. Of course, new-home consumers love that their properties, from roofs to appliances, will not need replacement for many years.
 
It might not seem necessary to involve a real estate professional in a transaction where a buyer can deal directly with a builder. Yet by using a real estate professional you gain a skilled professional to protect your interests and guide you along the right path.
 
Here are 11 advantages to using a real estate professional when buying a newly constructed home.
 
1.       Just as a real estate professional calls on experience and knowledge of an area to help buyers locate pre-owned homes in a community, he or she can also direct buyers interested in newly built homes to developments and communities that match client specifications.
 
2.       A sales professional can suggest builders with reputations for delivering a high-quality product, responding quickly to issues, and being financially sound.
 
3.       A sales professional may be familiar with how a builder prices his products and where there may be room to negotiate price or upgrades.
 
4.       Without representation, you are one buyer purchasing only one home. But a sales professional can significantly impact a builder’s bottom line by providing a steady supply of customers. This leverage may work in your favor at the negotiating table. [Note: The builder may require your sales professional to accompany you on your first visit to the site. Check with the builder.]
 
5.       The lender approval process may go smoother if a sales professional schedules visits, accompanies you to lenders, and helps expedite required documents.
 
6.       What may seem like a simple transaction can grow legally complex and risky. A sales professional is familiar with those complexities and risks inherent in the homebuying process. When such questions arise, we can steer you to the right advisors and services you may require.
 
7.       If your contract includes a contingency to sell an existing home your real estate sales professional assuredly can help, though your sales professional will explain that buying before selling isn’t always in your best interest as it can undermine your bargaining. 
 
8.       When relocating to a new area, sales professionals can be particularly valuable resources. In addition to providing local area information regarding schools, day care or elder care services, public transportation, proposed development, and so on, once construction is under way, they can periodically stop by the work site, supply you with progress reports, and photograph or videotape phases of the construction.
 
9.       A sales professional can assist you as you face hundreds of design choices and consider which upgrades could potentially add value to the home when it comes time to sell.
 
10. A sales professional can accompany you at the site while you okay the plumbing and electrical locations prior to dry walling, as well as on the walk-through or builder orientation.
 
11. Lastly, most often the builder pays the sales professional’s commission. You enjoy individual attention and support at no cost to you.
Builder incentives and heightened affordability have many real estate consumers considering brand-new homes. Rather than rely on builders’ agents – who are paid by the builders – savy shoppers are hiring real estate sales professionals to help them through the buying process and on to the American dream.
 
I can be reached at 636-579-9445.  Prudential Alliance is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity.
What You Should Know About Hidden Health Risks in a Home
By E. E. Kane
They don't build them like they used to, and when it comes to lead paint, asbestos or other problems, it's a good thing. However, older houses have charm, character and solid materials that many new ones just can't match. How can you handle the problems so you can enjoy, or sell, that old house?

Lead Paint Problems
Homes built before 1978 contain lead... Read More
Wood vs. Composite Decking:
Which is Best for You?

By Eric Engel
Whether you're building around your back door or around a new swimming pool, your deck is an important home upgrade. It will add (or detract) from your home's visual appeal, and it will affect your home's appraised value. But most of all, it will become part of your home—one that you can't replace on a whim. So, you'll want to choose your deck materials carefully before making the investment. Here are some comparisons... Read More
Ten Tips for the Perfect
Bathroom Remodel

Courtesy of ARAcontent
Giving an old, tired bathroom a makeover is one of the best things you can do to increase your home's resale value. And while it can take some planning, remodeling your bathroom is easily within the capability of most homeowners.

While bathrooms often are among the smallest rooms in your home, they're often the most used and valued spaces in our homes, and are among the smartest remodeling investments... Read More
Pre-Approval Can Help You Get the House You Want
By B. Conrad
Before you even go looking at houses, find a good lender and apply for a loan pre-approval. The lender will go through all the paperwork, look up your credit record, verify your income and so on. Of course, they can't actually approve a loan for a specific house, but going through the pre-approval process has a number of benefits for you.

1. It will tell you your price range.
The lender will determine the total mortgage amount they can approve for you. Then, using current interest rates and local property taxes and insurance rates, plus the amount of money you
have saved up for a down payment,
they will figure out how much house
you can afford.

This eliminates the guesswork. If you just guesstimate how much you... Read More
Summer Lawn Care Tips
By Melinda R. Cordell
In summer, the grass starts growing like crazy. This means you start mowing like crazy. Could you use a little help? Here are some tips for making mowing easier and keeping your grass looking great all summer long.

Be sure your mower blades are sharp. Dull blades tear the grass, making it more prone to disease. Sharpen your blades several times during the summer.

Raise the mowing height to three inches. Taller grass looks lush, shades its own roots from the hot summer sun, and saves on water. Grass that's cut too short is stressed and dries out... Read More
Jim Redfield  -  (636) 579-9445 Monthly Newsletter  -  July 2010 

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Jim Redfield, Prudential Alliance Realtors, 1905 Wentzville Parkway , Wentzville MO 63385
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The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice.
If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.
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