School has just started, but it’s already time for a holiday! Labor Day is just around the corner which means a long weekend for most. Looking for fun things to do? You’ve come to the right place. Here are a few ideas:
Trivia Night on the Green- September 3rd from 7:00 pm- 9:00 pm at 144 Century Court Suite 103 College Station, TX 77845. https://www.century-square.com/events/detail/trivia-on-the-green10251822171221
Staycation at The Stella- My husband and I just did this. I highly recommend it! The pool is open, they have complimentary paddle boards, complimentary bikes, yoga on Saturday morning, and great dining options. https://www.thestellahotel.com/?utm_source=gmb&utm_medium=organic&utm_campaign=business_listing
First Friday in Downtown Bryan- September 4th from 4:00 pm- 11:00 pm at Downtown Bryan. https://www.downtownbryan.com/first-friday-activities
Live Music with Shadow Canyon at the Canteen Bar & Grill- September 4th from 7:00 pm- 10:00 pm at 200 Century Court College Station, TX 77845. https://www.cavalrycourt.com/live-music-and-concerts.htm
Austin Weird Homes Tour Virtually- September 5th from 10:00 am- 6:00 pm at your home virtually. https://www.weirdhomestour.com/tour/austin/
*Parade of Homes- September 4th from 1:00 pm- 7:00 pm, September 5th from 10:00 am- 6:00 pm, and September 6th from 12:00 pm- 6:00 pm. There are 39 homes in 17 subdivisions throughout Bryan/College Station and 1 home in Navasota. I’ll be hosting 3629 River Birch Circle in Traditions Saturday, September 5th, from 2:00 pm- 4:00 pm, so come see me! http://www.insitebrazosvalley.com/at-a-glance/parade-of-homes-guide/2020-parade-of-homes/
*Neighborhood Highlight- Traditions is the featured neighborhood highlight this month.
There are currently 28 homes listed, 8 condos, 6 new build, and 14 resale single family.
List price ranges from $399,999 to $2,250,000 & price per sq ft ranges from $177.82 to $345.41.
The average home price is $729,392.79 & average price per sq ft is roughly $230.04.
Important: This information and numbers were pulled on August 26th, 2020. They change frequently.
At the parade of homes, you’ll meet builders and see tons of new beautiful homes. One thing I get asked often is the difference from buying brand new or resale. I would not say one is better than the other, but there are of course some variances. Here are some that I’ve noticed:
Price- If you are buying brand new, the price per square foot is typically going to be higher. However, sometimes you can negotiate the price down more for new homes because there might not be as many comps or the builder is ready to move on to the next build/phase. It’s not ideal for builders if a home sits for a long time.
Contract- Most of the time when going under contract for a new build, the builder prefers to use a TAB (Texas Association of Builders) contract rather than one promulgated by TREC (Texas Real Estate Commission). This is normal, but the contracts do read somewhat different. The TAB contract is much longer and majority of the time builders do not have “option periods” which you will have with a resale purchase.
New- This is the obvious, but no one else has lived in it. You will be the first owners, but remember that means there might be some kinks to work out. The good news is even if there are kinks to work out, most builders provide some type of warranty.
Warranty- New builds typically have warranties for workmanship, systems, and structural. The workmanship and systems usually last for a year or two, but structural can last around 10 years. With resale, if the home is only a few years old then it might still be covered by these. If not, most resales are negotiated to get a year of coverage from the seller.
Incentives- Builders sometimes offer incentives or packages. For example, an appliance package or maybe provide blinds. They might offer to cover your HOA fees for the year. You have to ask though!
Design- Depending where they are on the process you might get to pick out finishes or even design styles you want. This would be if you find a home being built in the early stages.
Not as open to contingency- Technically, no one has to accept an offer that is contingent on the buyer’s home selling. However, someone selling resale might be more open to the idea than a builder would be. Builders will try to work with you, but it might be hard for them to accept a contingency offer especially if they are building a home specifically for you.
Items left in the home- New builds don’t always come with blinds, curtain rods, curtains, screens, and small things like this. Resale homes are supposed to leave these items in the home, unless negotiated otherwise.
Time frame- If you find a home under construction or want a new build, there can sometimes be delays. Rain or bad weather can delay a home’s completion date. It usually will take 4-6 months for a home to be built, but many factors come into play.
One similarity between the two is you still need representation! If you are buying a new build, you still can and should have a REALTOR® represent you. There is a lot more to buying then most think, even if it’s a new build. As always, I’m happy to help you with all things real estate and BCS related. Don’t be afraid to reach out even if you just want information. Stay safe and have a great Labor Day weekend!Posted by Kristin Strother on