If you’re shopping for a home right now, there may not be a better time to consider purchasing New Construction. But don’t do it without representation (more on that later). In addition to some very valuable incentives from builders and contractors, like upgraded appliances, flooring, windows and smart-home features, several companies are offering what is possibly the holy grail of incentives, builder-funded mortgage rate buy-downs. Unlike other enticements that will save you money up front, a lower mortgage rate can save you money every single month for years! Regarding representation, in the case of New Construction, you must have your agent with you the FIRST TIME YOU VISIT a building site in order to ensure that you are represented. Without representation, builders are not obligated to, and indeed may not, inform you of incentives such as upgrades and mortgage rate buy-downs.

And if that weren’t enough, an additional reason to consider buying New Construction is the tragic direction that home owners insurance has taken in recent years.

— We Give Buyers $2,000 Toward Closing Costs* on a New Construction Home —

It’s no secret that insurance companies are getting very finicky about where, what and who they are willing to insure. Home insurance costs have skyrocketed for almost everyone, and in some locations it’s nearly hopeless, if not impossible, to even find and insurance company that is willing to write a policy on any home. Recently even more exceptions on the part of insurance companies have come to light. When you’re buying a home it is vital that you get your home owners insurance in place before your closing date.

Did you know that some insurance companies are refusing to provide insurance if the roof, hot water heater, even the washing machine or water softener are a certain age. Vegetation surrounding a home in fire-prone areas can be an excuse for denial. Insurance companies are even inspecting properties in advance of issuing a policy or requiring and scrutinizing a copy of your home inspection. And all this must occur before you are cleared to close on the home your are purchasing.

Most if not all of these issues could be avoided if you choose to purchase a New Construction home.

— New Construction Advantage* $2,000 Toward Closing Costs on a New Construction Home —

New Construction discount is in the form of a cash-back credit to be applied to closing costs, and must appear on Arizona Settlement Statement. You must be a client of Bill Salvatore, Arizona Elite Properties. Can not be combined with other Realtor discounts. $2,000 Cash Back credit is based on a 3% Realtor’s buyer-side commission on a newly built home, and will be disclosed to client by signed contract.