Jack English, I sell new construction for D.R. Horton. (D.R. Horton)

Spam prevention
Rainmaker
4,730,475
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I sell a lot of new construction and my buyers have not had many concerns... probably the biggest is if the house will be done on time and in 20 years here in Charlotte I only ever had one that wasn't done on time.

Jun 21, 2017 02:59 PM
Rainmaker
2,212,923
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not knowing the process

Jun 21, 2017 03:11 PM
Rainmaker
613,006
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

Don't get me started...

the ARM TWISTING that the builder uses to FORCE the buyer to use THEIR lender and THEIR title company...and  the fees charged are higher.

Last month when a builder realized that buyer was already approved with his own lender and wanted to have his own attorney to do the title work, all hell broke loose.

Please note that BUYER is paying the title insurance.  None the less, the builder removed the $7K in closing cost, removed all the appliances ( refrigerator, microwave, washer, dryer) removed all the window treatments and removed the auto garage door opener.

STEERING AT IT'S FINEST!! Where is respa when you need them...

Eve

Jun 21, 2017 02:40 PM
Rainer
352,926
Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

None...new construction sales are easy. 

Jun 21, 2017 02:31 PM
Rainmaker
5,581,941
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we are listing agents, and from what I can see, the buyers are most concerned about the lack of knowledge from their buyer agent....just saying!!

Jun 21, 2017 02:25 PM
Rainmaker
809,103
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Right now the biggest struggle is builders too busy for their own good and making promises they don't want to keep or are two busy to make good on. We have recently been fighting a builder to complete very reasonable repair request items from a home inspection.  The builder doesn't want to be bothered with these seemingly minor details, but it's a new construction home and the buyer is not unreasonable to want them done (things like the hot and cold water switched in faucets, the ceiling fan not being balanced, stuff like that). Builder doesn't care because he could probably sell it for more now than what it is contracted for since it's been several months in the build process. Not great PR though. Also, as agents we dislike the builder contracts and the builder requiring approval from preferred lenders and use of preferred title. We understand the reason for title but it's still not our favorite requirement when Title/Escrow is a buyer choice generally here. -Kasey

Jun 21, 2017 07:48 PM
Rainmaker
2,183,430
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Yards #1 and small things about the house that have not been completed.

Jun 21, 2017 06:06 PM
Ambassador
5,964,603
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Good question Jack, but since I have never dealt with the new stuff I dont know.

Jun 21, 2017 04:44 PM
Rainmaker
4,550,201
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

sick of insisting that they use the builders lender.

 

Jun 21, 2017 04:32 PM
Rainmaker
598,824
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Shoddy construction! It's hard to know how well a home is built until it's been standing for ten years or more.

Jun 22, 2017 05:44 AM
Rainmaker
1,690,454
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Dealing with the builder's contracts. Always one-sided. It has caused many buyers to walk away and just purchase resales through us.

Jun 22, 2017 04:59 AM
Rainmaker
4,799,925
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

The quality of the build.

Jun 22, 2017 04:54 AM
Rainmaker
4,433,865
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Time frame.

Jun 22, 2017 02:24 AM
Ambassador
4,318,402
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jack English - not completing the punch-list even a month after a closing.

Jun 21, 2017 10:30 PM
Rainmaker
1,408,683
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Adjusted HOA fees and Mello-Roos Tax. They forget that when they bought, they were estimated. Typically we see them increase after the builder sells out.

Jun 21, 2017 09:56 PM
Ambassador
4,759,439
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I have at least one new construction sale going on at all times and I am SO with Mike & Eve Alexander on this!

I have gone round and round with agents sitting in the models about this and SO wish that the state would come down on these builders for doing this. The worst ones are the ones that also OWN the mortgage company that they push on our buyers! 

It is most DEFINITELY steering!

Jun 21, 2017 08:31 PM
Rainmaker
5,770,641
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I think Nina Hollander summed it up perfectly.  A

Jun 21, 2017 07:07 PM
Ambassador
3,987,776
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Weather delays are the most aggravating of all. Buyers are anxious and want to move in as soon as it is finished and it doesn't work that way.

Jun 21, 2017 06:48 PM
Rainmaker
760,236
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

Having the home done on time.

Jun 21, 2017 06:41 PM
Rainmaker
1,231,686
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Cost over runs.

Jun 21, 2017 06:33 PM
Rainmaker
1,157,585
FN LN
Toronto, ON

Each buyer has different issues.

Jun 21, 2017 06:29 PM
Rainmaker
1,709,415
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It depends on what stage of construction the home is in.

Jun 21, 2017 06:04 PM
Rainmaker
813,623
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Issues?  An impatient seller's agent who communicates only when he wants to.

Concerns? Timeliness of completion.

Jun 21, 2017 05:27 PM
Rainmaker
781,041
Paul Antonelli
Antonelli Realty - Saint Cloud, FL
Broker Owner; Antonelli Realty

When my buyer goes into a community without me and the Sales Rep tells them to use his agent and they can get a better deal.

Jun 21, 2017 05:15 PM
Rainmaker
884,198
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

With quality builders, there usually aren't many problems. Worse case, you might get a long punch list that takes the builder 4-6 months to get to and complete.

Jun 21, 2017 05:08 PM
Rainmaker
1,793,670
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Will the house really get done on time? Will their lame in-house lender give me the loan?

Jun 21, 2017 05:02 PM
Rainmaker
735,090
Abby Stiller
TOP SELLING REALTY - Cape Coral, FL
SW Florida (239) 284-8637

Completion date.

Jun 21, 2017 04:37 PM
Rainmaker
637,731
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

The item I have been most concerned about was a time in which the builder required our buyer to purchase the lot and provide them with a large amount of non refundable money before permits were ever pulled.  We worked hard on this deal to make sure our buyer was protected and the (obviously) under financed builder didn't use our client's money to pay other creditors. 

Jun 21, 2017 04:14 PM
Ambassador
2,631,692
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  On time and under budget.   Both of which rarely happen.

Jun 21, 2017 03:55 PM
Rainmaker
7,306,783
Roy Kelley
Retired - Gaithersburg, MD

The delivery date.

Jun 21, 2017 03:53 PM
Ambassador
3,210,373
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Waiting for completion.  

Jun 21, 2017 03:24 PM
Ambassador
4,850,829
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

options and upgrades, move-in date

Jun 21, 2017 03:10 PM
Rainmaker
2,719,595
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Move-in dates, choice of product, timely repairs...all solveable

Jun 21, 2017 03:09 PM
Rainmaker
4,786,113
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

The ability for periodic inspections pre and post drywall!

Jun 21, 2017 03:03 PM
Rainer
45,907
Andy Madrid
Hawaii Coast Realty, LLC - Kailua-Kona, HI
Expertise, Professionalism, and Service

Usually how long will the build take and will it be done on time.  They don't really understand the process but I stay in touch with them.  For the most part, the builder takes over completely.  I just make sure that the clients are satisfied along the way.

Jun 22, 2017 02:19 PM
Rainmaker
1,466,057
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jack English The cost of options. Kind of like buying a new car.

Jun 22, 2017 06:17 AM
Rainmaker
3,071,039
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Teri Pacitto nailed this one!

 

 

Jun 22, 2017 05:09 AM
Rainmaker
3,986,056
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Looks different than they thought it would.

Jun 21, 2017 07:40 PM
Rainmaker
5,553,059
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I sell quite a few new construction homes, and the warranty items that are not fixed prior to closing, and they have to HOUND the builder for months afterwards to get them completed.

Jun 24, 2017 07:27 AM
Ambassador
1,616,960
Harry F. D'Elia III
Avant Garde Residential Management Services - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

builder not allowing independent inspection by third party

Jun 23, 2017 09:09 AM
Rainmaker
1,456,742
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Not much of that out here to buy.

Jun 22, 2017 09:48 AM
Rainmaker
3,408,104
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have not had any. I am well versed and experienced selling new homes and can guide them through each step of the buying and or building process. It is calming for byers to know what is next

Jun 22, 2017 06:49 AM