A new construction home is a property that has never been lived in and is either newly completed or still under construction by a builder.

Yes. Builders typically offer model homes, virtual tours, floor plan renderings, and “spec” homes that are already underway or near completion.

Not always. New builds often include warranties, energy efficiency, and builder incentives that can offset upfront cost differences.

Yes. The builder’s sales representative represents the builder. Your own agent represents your interests—pricing, terms, timelines, and inspection follow-through.

Typically no. In most new construction transactions, the builder pays the buyer’s agent commission.

Some builders may claim you are an “unrepresented” buyer after the first visit. Your agent can often help—but it’s best to bring your agent from the start.

Common incentives include closing cost credits, interest-rate buy-downs, design studio allowances, appliance packages, and upgrade bundles.

No. You can use any lender you want. However, some incentives are tied to the builder’s lender, so it’s smart to compare the total cost (rate + fees + incentives).

It depends on the builder’s contract. Many deposits become non-refundable after specific milestones. Your agent should help you understand exactly when and why.

Yes. New construction can still have issues. Many buyers choose a pre-drywall inspection and a final inspection before closing.

It’s a final walkthrough where you mark cosmetic issues (paint, trim, drywall, flooring) that need correction before or after closing.

Many builders offer workmanship coverage (often 1 year), systems coverage (often 2 years), and structural coverage (often 10 years). Always confirm the details in writing.