How to buy a New Construction home in Franklin, TN

The Relocation Engineer is an experienced REALTOR with helping families buy new construction homes in and around Franklin, Tennessee and thus is sharing his knowledge with you on the steps to buying a New Construction home.

New Construction Homes Franklin TN

  1. Connect with a great REALTOR

Buying a new home is often more complicated than buying an existing resale home. This is due to the number of decisions to make from selecting the neighborhood, the perfect lot, a floor plan, flooring, lighting, and a wide array of upgrades.  Also the on-site agent is there working for the builder only and though the treat you very nice and are knowledgeable of their product they have NO fiduciary responsibility to look out for your best interest.  Meeting with a local knowledgeable REALTOR like The Relocation Engineer can help you in selecting the correct neighborhood, review similar developed neighborhoods by this developer or builder to understand what the finished product will likely be. The Builder will compensate the agent for bringing you to the neighborhood and representing you in the purchase. That expense is built into the cost of the house and is just a part of their marketing budget. So you have no additional expense to have an agent on your side helping you understand your options and the process.

The Relocation Engineers Advice: Understand new home sales office REALTOR registration policies. You may need to be escorted to the FIRST time by your agent, while some will let you register with your agent on their website. Don’t lose your right to representation by not registering timely.

  1. Review your FINANCES

Each buyer is unique and so are his or her finances. You need to have a discussion with your lender and REALTOR to decide the best way for you to structure your new home purchase plan. For example a couple currently renting could just go month to month on their rent at the end of their lease while their dream home is being built and they just need to have the deposit money and prepare for the closing. While another family may need the cash from the sale of their existing home to make the down payment and get loan approval. The Relocation Engineer is experienced in evaluating the situations of each buyer and helping provide them with counsel on options that would suit their situation and then connecting them with a qualified lender to verify that the options meet all of their needs.   Something to consider is that the builders usually will not start construction of your new home until they have a sizeable non-refundable deposit. You have to understand the market to make sure that if you have a home to sell it will be sold by the completion of your home so that you can move forward with the purchase and loan. There are options like taking a bridge loan on the equity in your current home and the risks of those loans need to be reviewed.

The Relocation Engineers Advice:  be open and honest with the REALTOR and lender on equity in your current home, you tolerance for risk, and your ability to make two moves, meaning a temporary rental while the home is under construction. Make a strategy and have a plan B in case it doesn’t work out exactly as planned.

  1. NEGOTIATE Wisely

Buyers want to negotiate on the home they buy, and the REALTOR should provide market data to educate the buyer on how well homes are selling in the area. However the builders want to protect their future sales prices and when they are building a community with the same floor plans built frequently they do not want to show price drops reported in the local MLS. However, when the market allows, builders are willing to negotiate on upgrades and added features.

The Relocation Engineers Advice: Get a report on how sales are progressing and decide on which upgrades you want and negotiate for those versus price. Also consider negotiating for an allowance for upgrades that you can decide on during construction.

  1. Be Prepared for the UP-SALE

Avoid the sticker shock feeling when you sit down to go over design review process. The prices that most builders market the home for sale for is a base model pricing so you should be prepared to have an increase in the price. Things to consider that may have an upcharge: lot premium, elevation selection, added trim packages, flooring selections, added features, custom changes, etc. A good way to understand the upgrades is to get a list of standard features and once a floor plan has been selected get a complete list of possible upgrades and their cost for that floor plan.   With custom builders you can only get the standard list of specifications, after that make sure to ask for quotes on each upgrade individually.

The Relocation Engineers Advice: Ask the sales representative for the builder what the average upgrade percentage is in that community from that builder. That will give you a general idea of where your pricing could end up before you go to far into the decision to buy.

  1. DOCUMENT Everything

This is a big investment and not one that you should rely on a handshake or the word of a sales representative. If you want a feature or a change then you should get it in writing signed and agreed by all parties. Meetings in the field at your new house can be complex and many agreements can be forgotten when they are not in writing for the builder to relay to his team.   Although builders do things differently and some have all the plans printed and changes can be noted on the prints, some processes will be decided upon by walking the home during construction. You should still get your agent or the sales representative for the builder to put those agreements in writing.

The Relocation Engineers Advice: I like to have my camera and my iPad with me for meetings at construction sites so notes and photos can be used to document agreements at on-site meetings.

  1. RESEARCH

Before going into a contractual agreement you can do online research about the community and the developer/builder. Just remember that both good and bad things are likely to be reported on a builder and you have to way what you read with the understanding that the experience must have made them go online to make such claims and evaluations.   More important is to understand that the construction is still local so you will want to understand how your local superintendent is performing, so look at homes around the community you are interested in to see how they are built and the way the crews are performing their job. You will likely see many homes in various stages of construction so you can see the insides of those homes to learn about the quality.

The Relocation Engineers Advice: Connect with other new home owners that have just been through the process of building with a builder you are considering and make sure that they would recommend them.

  1. Get their WARRANTY

Builders will have a home warranty and you should ask to review that before going into contract to see if the terms are acceptable to you. Builders are not likely to change their warranty for you but you should know the terms before you go into contract and they build your future home before you know that fact.

The Relocation Engineers Advice: Ask the builder about all their warranties and how they plan to help you maintain your home during the first few years.

  1. INSPECTION before you purchase

Builders take a lot of measures to make sure that they build a quality home but you should still have a third party independent contractor come in behind them to check to make sure the home is built according to the highest standards. Many times the inspector can suggest things that need to be improved before the closing while you still have leverage in negotiating the repair/improvement. You should also do a walk through for cosmetic and minor functioning items before the closing date and The Relocation Engineer has a checklist to make sure nothing is overlooked on this exciting day when you see your totally finished and cleaned home for the first time.

The Relocation Engineers Advice:  Ask about radon mitigation and passive devices being installed, as radon cannot be predicted prior to construction. Understand who is responsible for the cost of adding systems to mitigate radon if found.

The Relocation Engineer has helped families make the move into NEW CONSTRUCTION homes in Franklin, Spring Hill, Thompson’s Station, and Brentwood. If you would like to meet and discuss whether a NEW HOME is right for you and your family, please reach out at the number below. We can go over new construction developments that meet your needs and also see how to make it financially viable for you.

Interested to know where new construction is booming in Williamson County?  Review my blog on new construction boom in Williamson County.

Franklin TN Real Estate with Mike Grumbles & The Relocation Engineer, Engineering Your Next Move in and around the Franklin TN Community.

The Grumbles Team’s Mike Grumbles is The Relocation Engineer in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555   Each EXIT Office Independently Owned and Operated

 

New Construction Homes in Williamson County Real Estate Market

The Williamson County Real Estate market is having a banner year so how has new construction played a part in the high sales volume market?

As The Relocation Engineer I often wonder about the details of the real estate market and the numbers that support the activity and trends that we see in the field.  Well as an engineer I have a unique way of turning 1000’s and 1000’s of pieces of data into trends and understandable graphics that convey a message about the real estate environment.

Which Williamson County town do you think has the highest percentage of their 2015 sales coming from new homes (homes with a build date in 2015)?  If you guessed Nolensville then you are correct as 40%Nolensville new homes vs resales in 2015 (179 homes) of the 2015 home sales in Nolensville were newly built homes.
Looking at today’s inventory of homes marketed for sale in Nolensville there are 85 new homes for sale equaling 67% of the total inventory.

 

 

You may have thought Thompson’s Station had the highest percentage of new sales

Thompson's Station TN new home stats for 2015, and that is not without reason as the active inventory in Thompson’s Station was also 67% new homes. But of the 545 sales in 2015 only 33% of those were new homes.

I have provided easy access to the current homes for sale so you can research further the options for homes in Thompson’s Station.

 

Franklin is the city with the most total sales in the county at 2253 and 20% of the years home sales were New Construction.

Franklin New Home Real Estate Stats 2015

But it was Brentwood TN that had the lowest percentage of new homes sold in 2015 with 12% of all homes being sold consisting of new homes.

 

Spring Hill, Tennessee real estate also had a fair share of new home sales at 25% and the city has a lot of future inventory of new homes as well with 54% of the active listings being new.

Spring Hill TN New home real estate data

One thing is for sure in Williamson County real estate, the inventory is at record lows and the builders are doing what they can to try to provide home options for buyers.  Hopefully this surge in new builds along with the upcoming Spring surge of resale listings will be able to meet the demand.

 Spring Hill New Construction The team that The Relocation Engineer has working now has focused in the past few years on this upcoming new construction boom.  If you would like to sit down and talk to us about how we can make buying a new home a reality and make
the process easy and fun we would enjoy the opportunity.  Just reach out to us to setup a no commitment appointment to talk about new construction subdivisions and options in Williamson County.

Why settle for an agent when you could have The Relocation Engineer.  We understand the market facotr that can influence your decisions.

 

Franklin TN Real Estate with Mike Grumbles & The Relocation Engineer, Engineering Your Next Move in and around the Franklin TN Community.

The Grumbles Team’s Mike Grumbles is The Relocation Engineer in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555   Each EXIT Office Independently Owned and Operated

New Home Construction client testimonial in Franklin TN of The Relocation Engineer

Al and his wife Sandra relocated from California to Franklin for retirement and as the video shows they are so happy that they chose The Relocation Engineer, Mike Grumbles, and his team to help with the process from neighborhood selection down to getting the walk through completed and a punch list prepared so the home would be enjoyable from closing day. The Relocation Engineer saved them money and time and energy along the way. The entire process was monitored and tracked on spreadsheets so that the clients could see that they were getting what they paid for and that items along the way were being monitored and followed-up on. If you want a more enjoyable new construction buying experience contact The Relocation Engineer, Mike Grumbles, at 615-587-5843. The Relocation Engineer and the entire Grumbles Team work at EXIT Realty of the South (615-550-5555) located in Franklin, TN. Each EXIT Office is Independently Owned and Operated. http://www.FranklinTNRealEstateGuide.com

Some ways we help new construction buyers:

Neighborhood – Is the area right for you
Lot Selection – Envisioning the future
Plan Choices – Meets needs now and in future
Options – Analyze all options & consult
Pricing – Track all add/delete changes
Plat Map – Verify home is placed correctly
Communicate – Video & photo status updates
Project Coordinate – Follow-up on issue items
Financing – Keep lender updated
Finished Product – Walk-thru to assist (checklist)
Inspection – Recommend inspector
CLOSING DAY – Celebrate your new home knowing it was built as you wanted and for your family to enjoy.

Our service does not end on Closing Day, we are still your Relocation Engineer, a resource for anything real estate.

Westhaven hosts the Front Street Craft Beer Celebration

FRONT STREET CRAFT BEER CELEBRATION

It is time for the Front Street Craft Beer Celebration so it must be October!

You will have the opportunity to sample 30+ craft beers on October 3rd from 4 pm until about 6 pm and then the concert goes until 10 pm on the lake at Front Street in Westhaven Town Center. Craft beers and growlers can be purchased after the Beer Garden closes. Rain or shine the event will go on even though it is an outside event.

Tickets are available in advance or at the door until the event is sold out. Ticket information and further information about the event is online. Food Trucks will be available for dining but this is not a stroller nor pet friendly event, so plan accordingly. Included with the ticket purchase is a five ounce souvenir glass, a brewer’s list card and free concert beginning at 6 pm by The World Turning, a Fleetwood Mac tribute band. The concert is also free to the public.

All proceeds will benefit The Westhaven Foundation’s Excellence in Education efforts.

Residents of Westhaven along with the support of Southern Land Company established The Westhaven Foundation a 501-3c non-profit organization. One of its events is Franklin 4 the Cure which raises money for Monroe Carell Jr Children’s Hospital at Vanderbilt for pediatric cancer research.

Westhaven neighborhood is a blended community of single family homes, condos, and townhomes nestled among a lake, a walking trail, tennis courts, swimming pools, play grounds, residents center, and a town center that offers a relaxing atmosphere to grab a cup of coffee, lunch or dinner at one of the restaurants such as Ching Asian Bistro, Oscars Taco Shop or High Brow Brew. Or if you choose to spend the day at the Artistry Spa Salon or on the lake in a canoe or paddle boat from Paddle Dog Adventures.

The town center also includes a variety of businesses including medical and professional. There are more businesses opening soon which will include a hardware store and a Kroger Grocery.

If this environment seems like the place you want to call home then check out the available properties for sale in Westhaven.

 

Franklin TN Real Estate with Mike Grumbles & The Relocation Engineer, Engineering Your Next Move in and around the Franklin TN Community.

The Grumbles Team’s Mike Grumbles is Your Relocation Engineer in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555   Each EXIT Office Independently Owned and Operated

Pilgrimage Festival at The Park at Harlinsdale

Pilgrimage Festival at The Park at Harlinsdale

Pilgrimage

Can you imagine a place where you can see performers like WILLIE NELSON, SHERYL CROW, STEVEN TYLER, WILCO, KINGFISH and JIMMY CLIFF, STEVIE WOODWARD, just to name a few of the many awesome entertainers, all in one place in one weekend?  Check out the schedule online for the exact stage dates and times so you do not miss your favorite.

In addition to the performers, there is a Break Dance workshop and a Hip Hop workshop scheduled along with other exciting things going on.

That place is The Park at Harlinsdale on Franklin Road across from the Factory in Franklin.  The dates and times are Sept 26th and Sept 27th from 10 am until 7:30 pm.

Tickets can be purchased at the Pilgrimage Festival website www.pilgrimagefestival.com.  You will also find a map on the website to help with parking and assist you in getting to and from the Park along with other  information.  Franklin Police Department will also be on hand to direct traffic.

 

Parking spaces are being sold so if you are local to Franklin you should take advantage to walk or bike to the event.  A section of Franklin Road both north and south of the park will be closed to vehicle traffic this weekend.

 

Franklin is close to Nashville and the music city events are spilling over to create unique opprtunities for people to learn more about Franklin and what is has to offer.  This is a great event and one of the first large events at Harlinsdale Park since the rejuvination of this location as a Franklin City Park.

 

Franklin TN Real Estate with Mike Grumbles & The Relocation Engineer, Engineering Your Next Move in and around the Franklin TN Community.

The Grumbles Team’s Mike Grumbles is Your Relocation Engineer in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555   Each EXIT Office Independently Owned and Operated

Wounded Warrior Ride in Franklin TN on Sept 26th, 2015

Wounded Warriors will ride thru Franklin TN Sept 26th, 2015

Battle Ground Academy (BGA) will be the start and finish location of the Wounded Warrior Project Ride to honor our heroes and serve men and women.  This is a great tribute by the Franklin community and many neighborhoods including Westhaven will be part of the route for the Wounded as they bike around scenic Franklin TN.
The rehabilitative bicycling ride is in memory of Master Sergeant James “Tre” Ponder who is from Franklin.  There are rides ranging from 25 to 85 miles so take a look at the communities and approximate times that the tour will be in your nvicinity and take time to stop, wave your American Flags and to cheer on these soldiers as they cope with returning to a lifestyle after war and with injuries that they incurred while protecting our freedom.

Franklin TN wounded Warrior Bike Path

Times are approximate so get out early and stay until you support all the riders.

Carolina Close 8:45 and Noon

Fieldstone Farms 9:00 and 11:30

Whitehall Farms 9:10  and 10:20

Carlisle 9:30

Westhaven 10:00

Franklin Green 10:15

Williamson County Soccer and Football Fields 10:15

Spencer Hall 10:15

River Landing 11:00

Cottonwood 11:30

If the tour doesn’t pass by your neighborhood, please feel free to join in at the BGA campus to cheer on the riders and show your support.

Franklin TN Real Estate with Mike Grumbles & The Relocation Engineer, Engineering Your Next Move in and around the Franklin TN Community.

The Grumbles Team’s Mike Grumbles is Your Relocation Engineer in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555   Each EXIT Office Independently Owned and Operated

Westhaven Subdivision in Franklin TN Community Garage Sale 9-26-2015

Westhaven Franklin TN Community Garage Sale

Westhaven community is once again having a neighborhood wide garage

sale.  Mark your calendar and plan to attend Saturday, September 26th

beginning 7:30 am and lasting until til 12:30 pm.

There will be a variety of items available at various garages throughout the

neighborhood so be sure to allow ample time to browse.

Westhaven is located on New Hwy 96 W just 3 miles outside of Franklin.  While you are in Westhaven take a stop into visit some of the shops or grab lunch at Oscars Taco Shop.There is even a candy shop on Front Street that you can drop in and get a snack for the kids after doing a bit of shopping.

Franklin TN Real Estate with Mike Grumbles & The Relocation Engineer, Engineering Your Next Move in and around the Franklin TN Community.

The Grumbles Team’s Mike Grumbles is Your Relocation Engineer in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555   Each EXIT Office Independently Owned and Operated