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What are the Differences between Buying a New Home and a Resale Home?

April 26, 2017buying differences Home resale

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What are the Differences between Buying a New Home and a Resale Home?

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10 Posted

Resale homes and new homes are completely different. New home builders do not belong to the National Association of REALTORS or the Arizona Association of REALTORS, so they are not bound by the same rules. New home builders also use their own contracts, which are heavily slanted towards them. The Arizona Department of Real Estate Standard Purchase Contract for resale homes is heavily slanted towards the buyer. The moral to the story is DON’T GO TO A NEW HOME SUBDIVISION WITHOUT YOUR AGENT. IF YOU DO GO, DON’T FILL OUT A REGISTRATION CARD. You are not required to fill out the card to see the models, even if you are asked to do so. As long as the builder does not have a written registration card, you can have your realtor represent you.