Guide for Buying a New Construction Home - How to BUY a House from a Homebuilder

Рет қаралды 33,359

Utahs #1 Realtor on YouTube Ty the Real Estate Guy

Күн бұрын

The most comprehensive guide to buying a new construction home & the MOST in-depth video on buying a house from a home builder. This video will give you ALL the info YOU need to build a home. Ty Wilde aka Ty the Real Estate Guy breaks down the home buying process with Home Builders.
Looking to Buy or Sell in UTAH? Call/Text me @ 801-995-2337
If you need a Trusted Realtor anywhere else in the US, Click HERE: homeandmoney.com/ty/
For the MOST Accurate/up-to-date UTAH Housing News & Statistics. SUBSCRIBE HERE: / tywilde
In nearly 20 years as a Realtor in Utah, I've helped 100's of people from all over the World. If you're looking to BUY, SELL, BUILD a HOUSE or INVEST in UTAH Real Estate, Call or Text Me @ 801-995-2337. I'd be HONORED to HELP YOU. I’m Ty the Real Estate Guy, Serving the Salt Lake City area, Utah County for YOUR Real Estate needs.
Utah Realtor: Ty Wilde "Ty the Real Estate Guy"
801-995-2337
TyWilde7@gmail.com
Wise Choice Real Estate
★ What we show on this channel ★
👉 Utah real estate
👉 New Construction homes
👉 Home selling tips
👉 Utah housing market updates
👉 Utah property tours
👉 House tours
👉 New construction buying process
👉 New construction build process
👉 Find me on Social Media:
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#tytherealestateguy #movingtoutah #UtahRealEstate #utahrealtor #utahrealestate #utahrealestateagent #utahhomes #realestate #realestateagent #realestatelife #realestatetips #realtor #realtors #realtorsofyoutube #realestateagents #realestateagentlife #realestatevideos #realestatevideo #buyingahome #buyingahouse #homebuild #homebuying #homebuyingtips #buildingahouse #buildingahome #homebuilding #homebuildingtips #homebuild #homebuilder #homebuilders #buildingahousestepbystep #newhome #newhomes #newhomeconstruction #utahhomebuilding #utahhomebuilders #utahhomeconstruction #homeconstructionvideos #construction #constructionvlog #constructionvideo #constructiontips #constructionprocess #newconstruction #newconstructionspecialist #newconstructionhomes

Пікірлер: 98

@TyWilde 4 жыл бұрын

For more great videos like this hit the subscribe button kzfaq.info/love/0X9q1Yr_JARSO8hYHf9RRg

@azmatrasool9318 4 жыл бұрын

Hi I am asking you for your well you are fine I am a big fan of you and you are a good man I love you whole heartedly if I was you I would serve you a lot.

@TyWilde 4 жыл бұрын

ozaan khan Thanks so much for the compliment. I appreciate it more than you know.

@azmatrasool9318 4 жыл бұрын

@@TyWilde You guys make one thing and give it a hundred years guarantee

@azmatrasool9318 4 жыл бұрын

@@TyWilde The thing you guys make is the world number one quality

@TyWilde 4 жыл бұрын

ozaan khan Thanks!

@ApocalypticGardening 4 жыл бұрын

This is the best video on How to buy a home from a home builder.

@TyWilde 4 жыл бұрын

Thanks.

@mybinationallife9707 4 жыл бұрын

Thank you for all your videos, especially this one! We close in two weeks and your videos have helped us navigate this complicated process. Thank you!

@TyWilde 4 жыл бұрын

My BiNational Life Thanks for watching my video and for the complement. I appreciate it more than you know. Good luck on your new home and please let me know if you have any questions.

@jeffadams2955 4 жыл бұрын

Thank you for all your information. It help me out a lot. We're in the process of building our home right now. It's in the drywall stage right now.

@TyWilde 4 жыл бұрын

Jeff Adams Thanks for watching my video and for the compliment. Best of luck to you. Please let me know if you have any questions.

@lashawnjennings8718 4 жыл бұрын

Ty this information is such good information. I loved your story and the begging.

@TyWilde 4 жыл бұрын

LaShawn Jennings Thanks for watching & for the comment. Best of luck to you!!

@racheltobeyhomes7465 4 жыл бұрын

Thank you for the tips and insights, this is awesome!

@TyWilde 4 жыл бұрын

Rachel Tobey Homes Thanks for watching my video and for your comment. It’s appreciated more than you know!

@gladyslandon9851 3 жыл бұрын

Thank you very much for this video. It helps me feel much more prepared for this adventure.

@TyWilde 3 жыл бұрын

Gladys Landon You’re welcome! Thank you for watching my video and for your comment. Best of luck to you! BTW, where are you building?

@TravelingWilde 3 жыл бұрын

If you’re looking to build a home. This is a must watch video!!

@TyWilde 3 жыл бұрын

Traveling Wilde - Travel Vlog animal conservation - Can I get an amen?

@StyledByLatishaMarie 4 жыл бұрын

Great info!!! Thanks for sharing.

@TyWilde 4 жыл бұрын

I'm glad it helped. Thanks for watching & for taking a moment to comment.

@mtb7018 4 жыл бұрын

I’m in the middle of building right now, I’ve enjoyed your videos. You are absolutely correct, I’ve spent about an xtra $10k in structural upgrades that can’t be added later.

@TyWilde 4 жыл бұрын

MTB 701 Thanks for taking the time to write a comment. I appreciate the compliment and you watching my video. Best of luck to you.

@imahustlur 3 жыл бұрын

Thank you sir these videos are super helpful. Clear and concise. My wife and I are looking into building a home in Massachusetts (our 1st home).

@TyWilde 3 жыл бұрын

Brian Luu Awesome! Congratulations. Thanks for the compliment and for taking the time to write a message. I appreciate it more than you know.

@riversoflivingwater3831 3 жыл бұрын

Literally the best video I’ve ever watched about buying a new construction and I’ve watched plenty!!! Great job!!! Thank you! If you were my teacher growing up I probably would have got higher grades 😂

@TyWilde 3 жыл бұрын

Thanks for the awesome compliments. I appreciate it more than you know. Thank you sincerely for taking a moment to comment. Where are you looking to build a home?

@chansepaskins1915 3 жыл бұрын

Your videos are incredibly helpful!! Cheers from Logan my friend

@TyWilde 3 жыл бұрын

Glad to hear it! Thanks for the compliment & thanks for watching.

@lisahansen2696 4 жыл бұрын

Great job!

@TyWilde 4 жыл бұрын

Lisa Torkkola Thank you so much! I appreciate you watching my video and for taking a moment to leave a comment. It’s appreciated more than you know.

@gageharkness1970 4 жыл бұрын

This is awesome. Thanks!!

@TyWilde 4 жыл бұрын

Gage Harkness - thanks for your comment & for watching my video!

@TyWilde 4 жыл бұрын

Gage Harkness - thanks for your comment & for watching my video!

@rafaelespinoza596 3 жыл бұрын

Thanks for the info 👍

@TyWilde 3 жыл бұрын

You’re very welcome. Thanks for watching and four leaving a comment. I appreciate it more than you know. Where are you looking to build a home?

@geraldbennett7035 3 жыл бұрын

I started to have a home built but had to quit. The homebuilder never disclosed what allowances there were for flooring, cabinets etc. So we were constantly over budget when choosing finishes. NEVER sign a contract to buy a home without the builder putting the allowances in writing for finishes, floors, doors, cabinets etc and you signing that you understand how the upgrade process works. The builder had me paying a 20% premium for all Overbudget items but this was never stated in writing nor did they mention this before we were under contract. The builder also tried to have me pay $100 per kitchen appliance if it was not in their base package! We only had some non-structural changes to review with the builder. 90 days went by between the time we signed the contract until construction began. They claimed it was the city taking too long to approve they plans but when I called the city they were only taking about 2 to 3 weeks. The builder simply wanted to schedule our build into their schedule. NEVER build a home without some sort of timeline and how the builder will make up time due to any delay (even weather). If the builder refuses then walk away. (you'll be very frustrated with not knowing why work is not being done). Make no mistake they do have a timeline for your build but they dont want to share it with you (otherwise they could never get anything scheduled for the several other homes they have under construction).

@TyWilde 3 жыл бұрын

Yeah, run as far away from that builder as fast as you can. Check online reviews before you commit. Most builders with 3.5 stars or better should be okay. I'm sorry you had a bad experience. What location were you building in?

@jnbp9312 4 жыл бұрын

Great video.

@TyWilde 4 жыл бұрын

Thank you! I appreciate your compliment more than you know!

@tonywang6120 3 жыл бұрын

Wow, this is my first time watching your video and I instantly become your fan. So much information, very helpful as I have just started the new construction home buying process. Thanks for sharing your experience and time to help home buyers like myself. God bless you!

@TyWilde 3 жыл бұрын

Thanks you so much for the compliment. I really appreciate you taking a little time to write. I means more to me than you could imagine. Best of luck to you & please let me know if you have any questions. Oh, btw, where are you building a home?

@tonywang6120 3 жыл бұрын

@@TyWilde In greater Austin, TX. I have done some online research on builders there. Unfortunately, all I looked at had subpar reviews.

@TyWilde 3 жыл бұрын

@@tonywang6120 Yeah, that's tough. Usually it's best to find a mid sized local builder over large national builders.

@tonywang6120 3 жыл бұрын

@@TyWilde Thanks for the tip. I’ll research more.

@TyWilde 3 жыл бұрын

@@tonywang6120 You're very welcome. Best of luck to you my friend.

@VROne111 3 жыл бұрын

Great video and channel Found my instructional sessions to benefit from and pass down

@TyWilde 3 жыл бұрын

YES! Thank you. I'm so glad I could help you. Please let me know if you have any other questions.

@TyWilde 3 жыл бұрын

BTW, Where are you from?

@VROne111 3 жыл бұрын

@@TyWilde sure to get back to you with questions from Baltimore MD

@TyWilde 3 жыл бұрын

@@VROne111 Awesome. I look forward to hearing from you again.

@SuperpowerCinematics 4 жыл бұрын

Great info, thank you! The one thing I'm not understanding is the point about the buyers agent. We have already looked at multiple models and are now ready to bring in our agent to start the process on the one we have decided on. Why would they not allow us to do this? We spoke to a rep at Pulte homes and they said using a buyers agent is not a problem, but then the sales agent at the model said no.

@TyWilde 4 жыл бұрын

Superpower Reviews this is an excellent question, thank you! For a buyers agent to deserve a commission, they need to be the procuring cause. In other words, they need to be the person who brought you to the homebuilder. Homebuilders don’t want to pay a 3% commission to an agent who didn’t bring you to them. Understood? Please let me know if you have other questions.

@amyhayslettrealtor1901 4 жыл бұрын

I love your video but I would get my home inspected by an independent inspector I hire. I have seen many mistakes by builders. For example, I have a 10 year old home right now under contract where the builder missed 2 feet of stucco under the roof line. The owner never saw it because they never went up on the roof. I am going to compile more examples found at inspections and use them in a future video.

@TyWilde 4 жыл бұрын

Amy Hayslett Realtor Thanks for your input. There is certainly no such thing as a perfect home.

@DistortedAudio 4 жыл бұрын

I’m looking to purchase land, then down the road build a house on it. With that in mind, does the processes you mention still apply if I would want to do 25-50% of the work myself? I would need the builder to build the foundation and house, apply for all needed permits, get the utilities setup, install the septic and well, but as far as HVAC, Electrical, Plumbing, Drywall, appliances etc. I would rather do myself. Do builders enjoy working with people like me, or do they tend to not accept that type of customer? Any help with this long-winded question would be greatly appreciated. Thanks

@TyWilde 4 жыл бұрын

Thanks for watching my video & you question. Building a home this way can be difficult because most home builders won't even consider working with you. You're probably doing to have to sub out the parts of the process you don't want to do or don't know how to do. Basically, you'd be the superintendent for the build process of you home. You'd need to get permits from the city & all of that. You could probably find a small custom builder who would help you through the process, but you'll pay a lot more that way. It will most likely take more than a year to finish the home by doing it this way as well. Hopefully this answers your question. If not, feel free to ask something else. Where are you looking to build?

@DistortedAudio 4 жыл бұрын

@@TyWilde Wow thanks for the quick response and information packed answer. Were not 100% sure yet where we want to build, so this is just the first stage of this whole process for us, the learning as much as we can before we do it. Trying to do all this down the road as painless as possible. We have 4 kids as well, so the less hiccups along the way the better lol.

@TyWilde 4 жыл бұрын

@@DistortedAudio That's how I roll.

@TyWilde 4 жыл бұрын

@@DistortedAudio Yeah, the more kids you have the harder the process can be on everyone. Really, the HUGE advantage of going with a home builder & just letting them do everything is that they can get the land, labor, & supplies at a discounted price. The disadvantage is that it's likely you won't get to customize as much as you'd like. Best of luck & let me know if you need anything else.

@BodyworkASMR 4 жыл бұрын

are inventory homes usually of lower quality?

@TyWilde 4 жыл бұрын

First Massage No. Not at all. Sometimes you’ll actually get a little bit more bang for your buck because the builder may drop the price a little once the home is completed because they will want to sell it.

@lack8810 3 жыл бұрын

I am thinking about selling my home with a VA mortgage and buying another using VA

@TyWilde 3 жыл бұрын

Yeah, my dad did that a few years back. Not a bad idea. Where are you looking to buy?

@jakejensen7177 3 жыл бұрын

👍🏻👍🏼👍🏽👍🏿👍🏾!!!!!

@TyWilde 3 жыл бұрын

Yeah man. Thanks!!!!

@sherwindriz5041 Жыл бұрын

Hello, thanks for the video. May I ask how much (in %) is the second deposit?

@TyWilde Жыл бұрын

That is an excellent question. This # can vary significantly by builder. Some may require $5,000 down while others may ask for $20,000 or more. Many require a percentage of you upgrades. Again, this number can vary significantly. This is an excellent question to ask builders before you commit to building with them.

@sherwindriz5041 Жыл бұрын

@@TyWilde Great! After the second deposit, what would be the next step, can we move in already after the completion and paying the remaining balance via housing loan and all closing expenses?

@TyWilde Жыл бұрын

@@sherwindriz5041 Sorry, I'm just seeing this second message. Most builders will require the earnest money at time of contract & an options deposit before they'll start construction. Then, once the home has been completed, you'll go to a title company to sign closing documents. The money you gave the builder becomes your down payment & you'll get a loan for the remaining balance. Hopefully that answers your question.

@kirubhakaramrutha6750 3 жыл бұрын

If I want buy new house but it’s take 8 to 10 months finish. Until getting home my Mortgage rate ?

@TyWilde 3 жыл бұрын

Usually you can only lock your mortgage rate about 45 days before closing so, there is a little risk there. Where are you looking to build a home?

@marlonmagallanes1667 2 жыл бұрын

If you’re house is in the building process when buying a new home, and the prices on the new built homes drop while you’re house is being built, does it affect the process and the price on the house that youre waiting to be built??? what happens then?

@TyWilde 2 жыл бұрын

This is an excellent question. The good builders will often lower the price of your home as well, but I would not count on it as most builders will not drop the price of homes that are already under contract. If you cancel, you will likely lose all of your deposits.

@marlonmagallanes1667 2 жыл бұрын

@@TyWilde when they do drop the price of the new builds while waiting for you’re house to be build, does it affect the appraisal value of the home too?

@TyWilde Жыл бұрын

This is an excellent question. The appraiser can only use homes that have closed for his/her report.

@tonyt73 3 жыл бұрын

💝✊🏾

@TyWilde 3 жыл бұрын

Are you building a home somewhere?

@ChristopherAnderson_90s 3 жыл бұрын

What if I have my OWN LOT. because I do. Will The only charge be for the home building only?

@TyWilde 3 жыл бұрын

That is a great question. The good news is that you will only need to pay for the construction of the home. The bad news is that you'll most likely need to find a custom home builder & they are usually more expensive. But, you can also customize your home. Where is your lot located?

@ChristopherAnderson_90s 3 жыл бұрын

@@TyWilde Mount Clemens Michigan

@ChristopherAnderson_90s 3 жыл бұрын

@@TyWilde 85x150

@ChristopherAnderson_90s 3 жыл бұрын

@@TyWilde with my lot SIZE Do you think a nice SIZE home can be built 🤔?

@TyWilde 3 жыл бұрын

@@ChristopherAnderson_90s Oh, wow! That sounds like a cool place.

@Chaosweaver-1 3 жыл бұрын

Ernest money must have gone up, 10-12k in my area

@TyWilde 3 жыл бұрын

Yeah, this video was made before the madness we are experiencing right now. The builder I represent is currently requiring $10k & that's pretty average here in Utah. Where are you from?

@Chaosweaver-1 3 жыл бұрын

@@TyWilde NC

@Chaosweaver-1 3 жыл бұрын

@@TyWilde atleast 30 year fix is 2.5

@TyWilde 3 жыл бұрын

@@Chaosweaver-1 Nice. I'd love to visit that beautiful state some time.

@TyWilde 3 жыл бұрын

@@Chaosweaver-1 That's crazy. Thanks again for watching & for your comments.

@jensenjake9575 Жыл бұрын

👍🏻👍🏼👍🏾👍🏿👍👍🏿👍🏾👍🏼👍🏻 lol👍🏻👍🏼👍🏾👍🏿

@TyWilde Жыл бұрын

Yeah, buddy!

@ernieforrest7218 2 жыл бұрын

Hey ty, did you have permission to use that house for your video? And do you realize that you broke the law by not wearing a hard hat?

@TyWilde 2 жыл бұрын

First of all, thanks for watching & for your comment. Yes, of coarse I had permission. At the time, I worked for the home builder that was building the home. As far as breaking the law, in Utah there's no law that states it's illegal to enter a home under construction without a hardhat. It is however unsafe to not wear a hardhat. I appreciate your concern for my safety & I hope you have an incredible day.