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70 Ways for Home Buyers to Save Money When Buying a Home: Tip #20

Tip #20 in our series of 70 ways to savealready be installed and you will not get to
money when buying a house is to buy a newpick the model or lot. But if you happen to
home  from  a  builders  inventory.like an inventory home, there is no
difference between it and any other home the
An inventory home is a brand new home builtbuilder builds. In fact, if it was an
by the builder but without an owner. Eitherinventory home, you know that everything in
the person who wanted the house built backedthe house works, and it will have the best of
out of the contract or the builder built itthe  best  upgrades.
as a way to keep his staff working, or a
model, or a way to add built homes to theIf there is anything you do not like about
neighborhood.the home, you can ask the builder to replace
it or change it at no cost. For example, my
Whatever the reason of the inventory home, itwife and I went to look at a condo complex
can be a bargain for you. Builders haterecently. They only had one left. And it had
having empty houses sitting around. They trywood floors. I prefer carpet, so the builder
to build as fast as possible and move to thewas more than willing to take out the wood
next area. If a home is already built andand put in top of the line carpet, at not
sitting empty it is called an inventory home.cost. The condo also had the best appliances
as well. If we had bought this same condo
Builders often have specials on these homes.earlier and chosen the top of the line carpet
They offer great deals to get the home sold.and the same appliances we would have paid
But most do not offer the deals to peoplethousands  in  upgrade  charges.
without Realtors representing them. So check
to see if a Builder you like has anyBuying an inventory home or condo is a great
inventory homes and get your realtor todeal. You get to see what the house will look
negotiate  for  you.like when you move in, the builder is
desperate to sell it, and you get a brand new
Builders get loans to build houses. Thehouse or condo for less than what your
longer a home is sitting there empty, theneighbors  paid.  That  is  instant  equity!
more payments and interest the builder has to
pay on that house. So the builder wants toIf you are looking to buy a new house or
unload it, quickly. And to do this, thecondo from a builder, an inventory home is a
builder will reduce it several thousandgreat way to save you several thousand
dollars. It will cost much less than havingdollars. And you can have an agent represent
the builder build you the same model fromyou and save thousands on the commission like
scratch.I discussed in Tip #1. You get the best of
both worlds: you save several thousands of
The only drawback is that the appliances willdollars and get a brand new house.



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