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Key New-Home Contract Provisions Every Buyer Should Understand
Buying a newly built home is exciting—but the contract you sign is very different from a typical resale contract. New-construction purchase agreements are written by builders, for builders, and many of the provisions are standard across the industry . That doesn’t mean they’re unfair—but it does mean buyers should understand what they’re agreeing to before they sign. Below are the most common new-home contract provisions buyers should be aware of, why they exist, and what th
HomeBuyIQ
23 minutes ago4 min read


Homeowners Associations (HOAs): The Pros and Cons Every Buyer Should Understand
If you’re considering a newly built home—or many resale homes—you’re likely to encounter a homeowners association, commonly known as an HOA . For some buyers, HOAs are a welcome source of order and convenience. For others, they represent unwanted rules and recurring costs. Like most things in real estate, HOAs are neither inherently good nor bad. They are a trade-off. Understanding how they work—and where they add value or create friction—can help you decide whether an HOA co
HomeBuyIQ
Jan 103 min read


Builder Incentives Explained: The Many Ways Builders Sweeten the Deal
When buying a newly built home, the purchase price on the flyer is rarely the whole story. Builders often use incentives to attract buyers, manage sales pace, and move inventory—especially in competitive or slowing markets. These incentives can take many forms, some obvious and some less so. Understanding how they work helps buyers compare offers accurately and negotiate for the incentives that actually matter most. Why Builders Use Incentives Instead of Cutting Price Builde
HomeBuyIQ
Jan 73 min read


Understanding Lot Premiums: What You’re Really Paying For in New Construction
When shopping for a newly built home, many buyers focus on the base price of the home and the cost of upgrades. Then they notice another line item on the price sheet: lot premium . Lot premiums can range from a few thousand dollars to six figures—and they often raise an obvious question: Is this lot actually worth more, or is the builder just charging more because they can? The answer is: sometimes both . Understanding what goes into a lot premium—and which attributes truly a
HomeBuyIQ
Jan 54 min read


Why Using a Broker for a New-Construction Purchase Can Add Real Value (at No Cost to You)
When buying a newly built home, many buyers assume they don’t need a real estate agent or broker. After all, there’s a sales office on site, the prices are posted, and the process seems straightforward. What many buyers don’t realize is that the sales representative in a new-construction community works for the builder , not for you. And in most cases, bringing your own broker adds value— without increasing your purchase price . Why It Usually Costs the Buyer Nothing In most
HomeBuyIQ
Dec 14, 20253 min read


Timing Your New-Home Purchase: When Buyers Often Have the Most Leverage
When buying a newly built home, the timing of your buy can be critical to getting the best deal possible. Unlike resale homes, new construction is sold by businesses that actively manage pricing, incentives, and inventory throughout the year. Understanding seasonality and builder financial calendars can significantly improve your chances of negotiating a better deal. 1. Seasonality: Why Spring Is the Hardest Time to Negotiate In a typical housing market, demand for new home
HomeBuyIQ
Nov 22, 20254 min read


How to Tell If a Builder Is Likely to Negotiate on Price
When buyers ask whether a builder will negotiate, the honest answer is: it depends . Builders don’t discount homes randomly. Like any business, they make decisions based on performance—and one of the clearest indicators of whether you have leverage is how well a specific community is selling . The good news is that you don’t need inside access or complex data to get a strong read on this. With a few simple questions and some basic math, you can often tell whether a project is
HomeBuyIQ
Oct 31, 20253 min read


How to Tell if a Homebuilder Is Reputable in Your Local Market
How to Tell if a Homebuilder Is Reputable in Your Local Market Buying a newly built home is one of the biggest purchases most people will ever make. Yet compared to buying a car or even a major appliance, it can be surprisingly hard to figure out whether a homebuilder will actually deliver a good product and a good experience. The information just isn’t very easy to find. Why New-Home Buyers Often Feel Like They’re Flying Blind In many industries, buyers have access to
HomeBuyIQ
Oct 23, 20253 min read
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