Purchasing A New Home in Colorado Springs

Over 42% of all home sales in Colorado Springs are new construction! If you plan on buying a newly constructed home in Colorado Springs, you will want me to represent you as your Buyer's Agent. The benefit of Buyer Agency representation is a drastic reduction in the possibility that any problems will occur during the pre-construction and construction phases, at the closing, or after you move in. The following is a brief outline of the new-construction process. View local Colorado Springs home builder websites on this page.

Selling a home in Colorado Springs and then having a new home built for you?  Ask us about our special rebate program on the purchase of new construction. Please call our office for more details!

Pre-Construction I will assist you in the selection of a builder. Since I possess a very thorough knowledge of the local home builders and the type of products they offer, I can help you determine the best one for your needs. I can also recommend several custom home builders with good reputations. Larry was a custom home builder himself for over 10 years, and still maintains a General Contractors License!  He has been a licensed General Contractor since 1980!

Lot Selection You, the home builder, and I will work together to select an appropriate site for your new home. There will be many considerations to take into account when choosing your lot, such as Soil Tests, Engineering Reports, Neighborhood Values, School Districts, Easements, Covenants, Restrictions, and more. In Colorado Springs there are many areas that have expansive soils. Some areas have very "hot" soils which cold cause structural problems if the construction process is not engineered properly. We can help guide you through the potential pitfalls!

Floor Plan Selection You will make the final decision on the floor plan you desire. I will merely assist you in making your choice with recommendations and advice regarding future resale value.

Contract Negotiation - Many builders have their own contracts. If you visit a model home without an agent with you, many builders will not allow you to have representation by an agent! As a buyer, you have three choices in purchasing a new home. You can purchase a home with an agent, but not under Buyer Agency, i.e. through the listing agent who represents the seller. You can purchase the home with a Buyer Agent, which gives you representation and someone working for you during the transaction rather than the seller. Or, you can go into a model home by yourself, purchase the home directly from the builder and have no representation what so ever. Sometimes buyers think that if they purchase the home directly from the builder they can negotiate the price since a Realtor commission is not paid. ABSOLUTELY NOT! The price of the real estate commission is built into the price of the home. The only difference between buying directly from the builder is that the builder keeps both sides of the commission and you do not have any representation. Builders cannot reduce the price of the home because it would affect everyone's appraisal in the sub-division.

Call The Emerson Team before you visit model homes. We will make sure that you are represented and get the correct and proper information, so that you can make an educated decision to buy.

During Construction I will keep you updated on the progress of your home. This will enable you to stay updated on every aspect of each phase of the construction of your home. Having a home built is a very important event in your life so it is crucial that you be involved every step of the way. If you are located out-of-state, we will send you periodic digital photos of your progress!

Prior to Closing We will schedule a final walk-through of the home with the builder a day or two before closing. This will give you an opportunity to confirm that everything the builder promised would be completed has been done. You will also be able to ask as many questions of the builder that you need to get to know your new home. Some of the builders have an "orientation meeting" to discuss how your warranty works, go over maintaining your home, etc.

After You Move In If for some reason you have difficulty getting the builder to respond to you when something goes wrong with your new home, I will get involved. It is in the builder's best interests not to let this happen though, and it is rare that it does. A reputable lender does not want to risk the loss of future business from you- the buyer, or me- your Realtor.