Buying a house in one of the display villages in Adelaide is a bit like buying a showroom car that has been used only for test drives. Everyone knows that the price of that car, which has very low miles, will be reduced by quite a bit when it is finally up for sale.
Builders often price a display house the same way, too, except that it is unlikely that someone as living quarters has used the house. Here are some actionable ways you can leverage the sale of a display home in one of the display villages in Adelaide.
- Ask to See All Model Homes for Sale
Builders often sell homes before they are built based on the design and appearance of the model house. It does make sense that they want the display home to show beautifully, so they save a few expenses in decorating it. Most display houses already come with free upgrades and designer window coverings.
Make it a point to check them all, and then choose the model home with the best updates, layout, and location.
- Examine Comparable Sales
Your agent will not be able to get comparable sales from the listing service if the builder does not list it there and many will not. However, you can still get the hard data from a title company. However, you may not be able to know which homes were sold with what upgrades. Always remember the advertised sale price means very little.
- Hire a Buyer’s Agent
Bring your own agent with you when you go to the sales office of a new display village. Some builders will not allow their agent to represent you if you arrive without an escort the first time.
Note that the builder’s sales agents are paid to represent the builder regardless of what they might say. Many will try to use high-pressure tactics to persuade you to sign a contract. Your agent will represent you and be your trustee. They are, by law, obliged to care and act in your best interest. They are required to reveal the positive aspects as well as the negatives of the deal.
- Hire Other Professionals to Help You Ensure a Vetted Transaction
Consider hiring a real estate attorney to review your contract before signing. Standard purchase agreements are made to keep everyone out of court but do not necessarily contain language that protects the buyer.
Apart from the legal side of things, you also might want to use your lender and get a home inspection done before signing any document. Reputable home builders are willing to accommodate your requirements.
Buying a house in one of the display villages in Adelaide has many other benefits aside from a reduced price. Check out articles about such advantages. Be guided by some of the more critical aspects of it, which have been discussed here.