5 Tips When Buying New Construction Charlotte Real Estate

Charlotte Home Buyer Info:  5 Tips When Buying Charlotte New Construction

New Construction continues in the Charlotte Metro areaBuying newly constructed Charlotte real estate can be quite different from buying a re-sale.  The differences in these purchases can make all the difference between buying a diamond or a cubic zirconium!  Here are a few tips to keep in mind when buying Charlotte new construction:

Tip #1: Don’t use the builder’s sales agent – HIRE YOUR OWN.

If they’re the builder’s agent, they’re being paid to represent the builder, no matter what they tell you.  Let me say that again, the builder’s representative is representing the BUILDER, not YOU, regardless of how they represent themselves to you.  Your own Charlotte real estate agent, who is representing YOU, and you alone in this purchase, is required to tell you the negatives as well as the positives.  The builder’s agent doesn’t have to tell you the drawbacks of the transaction, nor do they.

Tip #2: Find your own lender.

Again, if you go through the builder’s lender, the lending agency may appear to be offering you a deal but, in MOST cases what they offer IS NOT in your best interest.  Oftentimes, the builder actually OWNS the lending company, reducing any confidentiality that you would have with your own lender.  The builder will have full information on your personal finances and your lending progress.  Your Charlotte real estate agent can refer you to a reputable lender who will provide the appropriate privacy as well as, in most cases, will offer you a better lending package.

Tip #3: Talk to a Charlotte real estate agent and/or attorney.

Although standard residential new construction Contracts are written to keep everyone out of court, they may not necessarily be in your best interest either.  Confirm that you have cancellation rights and do make sure you understand both your liability and your commitments before signing your name.

Tip #4: Make a list of options or upgrades you want/need.

Remember that the profit margin for many builders is highest in the upgrades.  Find out if your lender allows those options and upgrades that you’ve chosen, to be added to the loan.   If your lender doesn’t allow this, the cost of some upgrades may just have to come out of your pocket–in cash.

Tip #5: Research the builder.

Being a ‘good’ builder isn’t inherent just because they have a common name or because they have a contractor’s license.  Many people think a builder is good simply because they can “build a house.”  Unless you’re a licensed home inspector, the chance of you catching a cut corner or shoddy building practices is slim to none.  Explore the neighborhoods; visit the neighbors’ homes and talk to the neighbors about any problems that they had with their builder during or after the construction.   If  the neighbors have consistent complaints about the quality of their homes, you may wish to step back and do a little more ‘investigation.’  You can check public records for any pending or resolved litigation and check with the Better Business Bureau.

Owning a new construction home in Charlotte and being the first person to live in a new home can be a wonderful, exciting experience.  Do your due diligence to make absolutely sure that you’re protecting yourself so you can enjoy it for years to come!

Thinking of buying new construction Charlotte real estate?  Talk with me before you start shopping.  If you visit a builder prior to working with me, I won’t be able to legally represent you with that builder unless you register under my name.  To find out more about how I can help you save money and get you the best terms when buying new construction real estate, call me today at (704) 491-3310 or email me at SavvyBroker@me.com.

©Debe Maxwell | Savvy + Company Real Estate | 5 Tips When Buying New Construction Charlotte Real Estate


I am a full-time REALTOR® personally specializing in historic homes and luxury home sales in the Charlotte NC real estate market. My team specializes in a variety of areas including first time home buyers, condos and townhomes as well as single family home sales and marketing.   Follow me on Google+

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  1. Debe – this is an excellent post and often times the builder incentivizes the buyer for using their lender, etc. It is important to have an objective agent representing the buyer.

    • Sharon, I have several buyers purchasing new construction right now and I can tell you that all builders are NOT created equally! Some press buyers SO hard just to get that sale–they REALLY need someone to be in their corner. I don’t believe that the general public has a full understanding that the ‘sweet’ salesperson can truly be a wolf in sheep’s clothing. Those on-site people represent the BUILDER, not the consumer!


  1. […] Many Charlotte home buyers prefer to search for homes by a favorite builder.  Here is a list of new construction homes available within the Charlotte city limits by builder (alphabetically).  We are a builder-friendly brokerage but, do want to remind you that the on-site agent is representing the BUILDER/Developer, NOT you!  Having your own representation is critical when purchasing ANY home, including new construction. […]

  2. […] 5 Tips When Buying New Construction Charlotte Real Estate […]

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