7 Ways New Home Buyers Walk Right into Trouble

Written by Posted On Tuesday, 18 August 2015 13:05

This is the prime season for new home buyers to royally screw things up. Screw things up badly, as in getting sucked into the new home vortex and not being able to get out. Builders are back with a vengeance after years of depressed markets, and they’ve picked right up where they left off. Buying a new home remains a fantastic option, provided the proper analysis is completed and traps are identified and neutralized.

There are ways to avoid being completely taken advantage of but many new home buyers will still end up paying more than they should, not getting what they want or having a miserable building experience. It doesn't need to be this way.

The Hank Miller Team has outlined the many pitfalls in How New Home Buyers Walk into Trouble, and How New Home Buyers Walk into Trouble, Part 2; a  two part expose of what builders don't want home buyers to know. Things like:

  • The agent in the sales center represents ONLY THE BUILDER, not the home buyer
  • Buyers DO NOT save money by not having a buyer's agent
  • Builder's know buyer's will overspend on options
  • The contracts are written to protect only the builder
  • Buyers without buyer agents have no power to dispute shoddy construction, poor materials or other common problems
  • Buyers rarely have an understanding of trends and prices in an area, the result is overpaying for new homes
  • Buyers rarely investigate and research builders and subcontractors properly
  • Buyers often don't understand how to properly qualify a real estate agent

And much more. Builders are back with high prices and a "my way or the highway approach" and many new home buyers are walking right into their traps. Remember what happened when the market crashed, learn from that!

The Hank Miller Team counsels home buyers and sellers in the Atlanta area with over 25 years of sales and appraisal experience.



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Hank Miller, SRA

Hank Miller is an Associate Broker & Certified Appraiser in the north metro Atlanta area. Since 1989, real estate has been his full time profession. Hank´s clients benefit from his appraisal and sales experience; they act upon data, not baseless opinions. He is an outspoken critic of the lax standards in the agent community.

Hank remains an active certified appraiser and completes specialty work for FNMA, lenders and attorneys. He is a well-known blogger and continues to guest write for multiple industry publications as well as national outlets like the WSJ, NYT, RE Magazine, USA Today and others. He is a regular on public Q&A sites on Zillow, Trulia and many others.

Hank consistently ranks in the top 1% of all agents in the metro Atlanta area. He runs the Hank Miller Team and is known as much for his ability as he is for his opinions. He is especially outspoken about the lack of professional standards and expectations in the real estate industry.


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