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Will the Builder Deliver What They Promised?

Builders Empty Ammenities LotIt is just another one of the many questions that a buyer looking at new home construction today has to consider.  As a buyer wandering through a beautifully decorated model you may be swayed to overlook a few critical questions about the development and the developer.

When the real estate market was red hot a few years ago many buyers camped out to try and get their number one lot selection in developments sprouting up all over Prince William County.  Many were fortunate to snag just the lot and the model that they wanted.  They patiently waited for the foundations to be poured and the walls to go up.  They spent hours in the builder's design center picking out flooring, light fixtures and kitchen cabinets. 

What they didn't do was read the fine print about the community amenities and when they would be delivered.  Two and three years later as lots sit empty, model homes are closed and builder's fortunes have turned sour, the promised amenities have not been delivered.  No one could have predicted the entire picture of what has happened in Prince William County but buyers who are out shopping today can clearly see the evidence of builders who did deliver and those that didn't.

Eagle Point in Woodbridge VAWhen I take buyers out on new home tours, before we even walk through the door of a model home, we drive the neighborhood.  We look at the number of homes currently under construction, we look at the number of homes finished with no one living in them and we look at the community amenities to see what is completed.  Then we go to the model home and start to ask the questions. 

If the amenities aren't in when will they be?  What percentage of homes have to be completed, sold and SETTLED for the builder to begin those amenities?  Have all the amenities shown of the plans approved by the local county planning offices?  What guarantees will the builder provide on the delivery of those amenities shown on the community maps and county plans?

Eagle Point Swimming PoolFor some lucky buyers the builders have delivered what they promised.  A drive through the Eagles Point, Port Potomac and Potomac Club communities in eastern Prince William County show developers who built and delivered the pools, clubhouses and exercise facilities that they promised.   Other purchasers are still staring at the empty lots and mounds of dirt where those amenities were planned to go.

If you are thinking about taking advantage of some of the great deals that builders in Prince William County are offering today don't go it alone.  Take a real estate agent along to represent your best interests.  We aren't swayed by the fancy models or the nice community maps.  We know how to help you ask the tough questions and make the hard decisions when it comes to new construction.

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If you are considering purchasing new construction give Cindy Jones a call at 703-346-2213. I can represent you anywhere in Northern Virginia  including Alexandria, Fairfax County, Loudoun County or Prince William County. Stop by VaRealEstateTalk, Cindy Jones Homes or Military Relocation News for more information. Search all homes available in the Northern Virginia area.

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If you are interested in learning more about the Northern Virginia Real Estate market including Alexandria, Arlington, Fairfax and Prince William Counties give Cindy Jones and Integrity Real Estate Group a call at 703-346-2213.

Military Relocation Specialist serving military families relocating to and from the Pentagon, Fort Belvoir, Quantico MCB and all of the Military District of Washington installations. 

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Check out www.varealestatetalk.com and www.cjrealtygroup.com for more information.

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Comment balloon 4 commentsCindy Jones • August 24 2008 06:46PM

Comments

If it "ain't" built, always used the verbiage proposed by the builder and have it in writing......or it most likely will bite you somewhere in your career.  I have been working with new home builders for 28 years.  Things change either from the builder or the government.  Even nationally protected greenbelts can change.

Always, always get a reply from a buyer that he acknowledges the verbiage that it is proposed and there is no guarantee that it may happen.  #1 lawsuit is square footage, #2 is just what your wrote.

This is an easy way to end your career and your life savings as they will not only go after the builder and the broker, but the agent, personally.  Don't fall back on your liability policy from you broker.

Posted by TIM MONCRIEF, Over 2,000 homes sold….. (Keller Williams Realty) about 10 years ago

Tim-I'm also currently representing a builder as well as my regular duties with resales.  I'm flabergasted at the number of buyers who come to our location who have just been in another development and say oh they are going to have this huge clubhouse and xxxx ready in 2009.  What I can't say directly is ahhhhh have you done your research on the builder?  Do you know their financial status?  Do you know they are being sued?  All I can do is smile and say as you can see our ammenities are already here :-)

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) about 10 years ago

Cindy, a couple of years ago, I started to worry about earnest money checks and what would happen if the builder couldn't deliver the house.  I think that you are giving your clients great advice.

Posted by Patricia Kennedy, Home in the Capital (RLAH Real Estate) about 10 years ago

Pat-I'd still worry about the earnest money check and if it is a condo building whether they are going to sell enough units before they decided to become a rental building instead. 

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) about 10 years ago

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