Barbara Todaro, Previously Affiliated with The Todaro Team (RE/MAX Executive Realty - Happily Retired )

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Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

I've never sold nor have I been asked to represent anyone wanting new construction, ever.

Mar 04, 2017 03:40 PM
Rainmaker
897,828
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Many customers want ONLY new construction, while others choose a home that is already up, but only say a couple years old and "slightly" lived in due to the advantages:  landscaping done, fininshing touches and other customizations done, might come with expensive window treatments and so on. Having said that, what you are suggesting would not surprise me, although I have not encountered it personally.

Mar 05, 2017 05:21 AM
Rainmaker
5,096,266
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have not... mostly because in most cases the new construction buyer is truly committed to new construction. I just put two into contract that will close in August and both buyers were considering nothing but new construction. And I wrote a contract this past week for buyers who definitely did not want new construction, but a more mature community... no need to try and steer them away.

Mar 05, 2017 03:35 AM
Rainmaker
979,396
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Barbara - Haven't really noticed that in my area. New home construction was non-existent from around 2008-2014, but has been growing, and is all over my area these days.

Mar 04, 2017 05:40 PM
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   Other than listing agents pushing their own resale inventory, or their office resale inventory, no. 

    In a "production" development, the new construction will usually come in on time and on budget.

   When I have buyers who want to "build on their own lot", I caution them to expect it to go over time, and over budget (that is more often the fault of the buyer/customer, or the fault of the county building inspectors, than it is the fault of the builder).

Mar 04, 2017 05:21 PM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Not really, new homes are unoccupied so this should be quicker.

Mar 04, 2017 05:13 PM
Rainmaker
802,349
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

No I haven't. I did have a client that bought new and it was nothing but a nightmare for him more so than me. His condo was suppose to be ready August 1st, I sold his house, he put his furniture in storage. Then planned to  lived in his camper for a few months until August when he could move in August turned in Sept. then Oct. this went on until finally he was able to move in the beginning of Feb. I would never recommend building unless you are not in a hurry to move in.

Mar 04, 2017 05:10 PM
Rainmaker
1,027,602
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

No,  I really have not seen agents pushing their clients in that direction...it's more a case of clients not wanting to wait.  Most buyers who want new construction are prepared to wait;  the folks who are not so committed to new build end up looking for newer resales.  We do not have much new construction in our market, anyway, and it's all on the higher end, so that's more of a factor. 

Mar 04, 2017 05:02 PM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Barbara,

We are in a no-growth zone.  So we don't see that here, nor have I heard of that in any of the areas we have worked in.  A

Mar 04, 2017 04:33 PM
Rainmaker
1,839,906
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I have mentioned it when the builder is 1.5 years out or something ridiculous. NC is hard to beat for most buyers. They love the new.

Mar 04, 2017 03:55 PM
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

We have a shortage of new homes here, many look at the new homes, but want to be in now and the new home occupnacy is still months away Barbara Todaro 

Mar 04, 2017 03:40 PM
Rainmaker
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Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I have not Barbara

Mar 05, 2017 05:41 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I haven't noticed this.

Mar 05, 2017 05:38 AM
Rainmaker
4,553,353
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

While we are starting to see more in-fill condo projects being developed, new construction is still a very small part of the real estate picture in most of my market.  In these still very low inventory times, it would be nice to have some options.   

It's horrible to hear about anyone putting their own interests ahead of their clients.  

Mar 05, 2017 04:41 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Depends if the new construction is already built ... "spec" homes

Mar 05, 2017 04:09 AM
Rainmaker
908,608
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Yes. many agents don't understand new construction, and don't want to wait to get paid. Toll brothers here would pay agents $2000.00 of their commission up front when contract was signed, then the rest when home was completed and went to settlement.

Mar 05, 2017 03:29 AM
Rainmaker
1,157,785
FN LN
Toronto, ON

In my area, you can buy pre-construction condos several years before they close.  A buyer who wants to move now will not buy a home that closes far in the future but may consider an inventory home (rarely available), a new condo that just closed that is being flipped, a resale home and other options.

Mar 04, 2017 10:41 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Barbara Todaro - I usually follow the directions from the buyers on this.

If they have sufficient time, and a good new construction is available, why not?

Mar 04, 2017 10:20 PM
Rainmaker
1,530,265
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

No

Most of our new construction is $600K + and come with additional Mello Roos Tax so, not all my buyers can afford them.

Mar 04, 2017 09:12 PM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Can't say I have. I have buyers considering both options and what works best for their needs and time frame.

Mar 04, 2017 07:55 PM
Rainmaker
151,633
Julie Larson Realtor® Sarasota FL 941-284-9826
White Sands Realty Group FL | 941-284-9826 | Serving Sarasota, Manatee & Charlotte Counties - Sarasota, FL
When you're thinking of moving...ThinkSuncoast.com

I've not noticed agents encouraging resales over new construction, but I really don't know how other agents work with their buyers. I only know how I work with mine.

We do have a lot of new construction going on in our area. However, because we are on the coast, and most all of the land along the coast has already been built, the new construction is primarily being built inland. So, the prime real estate is mainly resales because they are closer to the beach. 

Mar 04, 2017 07:41 PM
Ambassador
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Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Barbara Todaro, I've never heard anyone say that and, personally, I LOVE selling new construction in the Charlotte area!  In fact, I have 3 of them right now - just Closed one yesterday and have 3 more to go.  

I have another set of buyers who can't seem to find the perfect home so,  I suggested new construction, found them a lot and a builder and met with the builder today, as a matter of fact!  

I don't care how long it takes to Close - as long as my clients are thrilled with their purchase.  And, we're filling the pipeline, right?!  The 3 new construction buyers that I have under contract now, all went under Contract in 2016!

Mar 04, 2017 06:42 PM
Rainmaker
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I have not noticed that here yet Barbara Todaro 

Mar 04, 2017 05:43 PM
Rainmaker
706,977
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

With a resale home, a buyer can definately close quicker than new construction which is in the building process. However, a completed new home can close as quickly as a resale. However, in our market, there may be added value to a resale in a larger lot, potential more square footage and an established neighborhood.  The negative is added maintenance, less options to customize, and perhaps an immediate need for a remodel. It is ultimately what works best with the buyer and their timeline. New construction is flying out the door as well as resales.  My husband has an expensive spec completing the framing stage - and it is off market. We received one offer and have 4 others looking at it seriously. 

Mar 04, 2017 05:09 PM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

I don't know what others do but we often have 1-3 build jobs going on at any given time. Right now we only have one but a few possibly in the works. We also have a lot of builder spec homes for sale here so new construction often is as quick as a resale transaction. -Kasey

Mar 04, 2017 03:53 PM
Rainmaker
7,789,079
Roy Kelley
Retired - Gaithersburg, MD

That has always been a factor.

Mar 05, 2017 05:43 AM
Rainer
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Desmond Neoh
Weichert, Realtors - North Bethesda, MD
Your Area Specialist, Multilingual

I have heard another reason. "Select resale home because it has higher resale value, new construction doesn't has such good resale due to appliances are new when you move in"

Mar 05, 2017 05:35 AM
Rainmaker
1,722,726
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Since we do both, we 'weight' the buyers' needs and show them homes best meeting that criteria. If they can wait for a CO, then new is shown. To do less than that is in my opinion a breach of the fiduciary duty we owe our clients.

Mar 05, 2017 05:27 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I hope so, we have had a stagnant market for existing homes for the past decade, while the folks with excess money flocked to build new homes on the outer edges of town. 

All leading to urban decline, suburban sprawl, and a general waste of money and resources.

Mar 04, 2017 03:48 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Yes...many of those agents need their check now and not 4 months from now

Mar 04, 2017 03:46 PM
Rainmaker
715,949
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

No, not really. Don't know anything like that.

I love selling new builds. Last year in the first quarter of the year alone, I sold several new homes. Those homes all closed in the last 2 weeks before the Holidays - it was like winning the lottery!

Mar 05, 2017 02:47 PM
Rainmaker
4,973,893
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

No. In my community there is no new construction so resale is all that is available. I've 5 buyers I'm representing them on builder homes out of my community..I'm listing their current homes. Its all what the buyer wants!

Mar 05, 2017 01:57 PM
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

People do not want to wait in our area and builters are still 6 months out on most new builds.

Mar 05, 2017 10:40 AM
Rainmaker
1,498,258
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

It's pretty rare to work with an agent on new construction out here.  Most builders cooperate.

Mar 05, 2017 10:18 AM
Ambassador
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

No.  I do have clients that would like new construction but they do not want to wait for the build. 

Mar 05, 2017 10:09 AM
Rainmaker
987,052
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

We don't ahve a lot of new construction in this area so it's primarily resale - and condos are 99.9% resale as well

Mar 05, 2017 09:52 AM
Rainmaker
864,658
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Nope. I think it really depends on the client's need. Whether it be timing, wants, and desires. What I have seen is if a client can afford the higher expenses, they are leaning toward new constructions.

Mar 05, 2017 07:53 AM
Rainmaker
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James Dray
Fathom Realty - Bentonville, AR

Not around here, both sell equally fast.

Mar 05, 2017 06:54 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Mar 05, 2017 06:50 AM
Rainer
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Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

We don't have a lot of new construction but some in our market.  I closed 2 in January 2017 that opened escrow in September 2016 and it never crossed my mind that the closing would not be sooner. 

Making my clients happy if my priority.  There will already be the ones looking for the quick and easy way.

Mar 05, 2017 06:21 AM
Rainmaker
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Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

That is a buyer decision

Mar 05, 2017 06:13 AM
Rainmaker
5,849,011
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

It depends on the Buyer, on their timeframe.   If they need a quick close, most often there are no spec homes available.

Mar 07, 2017 09:24 AM
Rainer
321,564
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

I have not noticed. We have builders with homes in a variety of stages available. A custom new build?  I love these - but not the wait! 

Mar 05, 2017 08:31 PM
Rainer
36,630
Cynthia Biechler
Biechler Grp Real Estate w/HOMESMART Connect - Chicago - Chicago, IL

I have sold new construction & most buyers love new but the drawback is that they have to get temporary housing while waiting to build.  But there is newer construction already built that buyers can purchase.

Mar 05, 2017 06:50 PM
Rainmaker
4,272,524
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 Haven't noticed that in my area yet.

Mar 05, 2017 02:48 PM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

I've noticed them encouraging them to buy resale homes for lots of reasons.. including the builders' increasing propensity to only pay commission on BASE PRICE 

Feb 23, 2018 08:10 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

We don't have a lot of new construction in my area. I'm not seeing this trend...yet.

Mar 08, 2017 04:22 PM
Rainmaker
5,191,633
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes - and some builders are now paying full commissions up front!

Mar 08, 2017 06:13 AM