New Construction in Long Grove, Buffalo Grove, Lincolnshire and Vernon Hills

If you are  looking for New Construction in Long Grove, Lincolnshire, Buffalo Grove, or Vernon Hills, Illinois then you might already know many local builders are offering great incentives to attract and motivate buyers. In fact, I was researching options for  new construction for a recent client relocating to the area and found that many builders were discounting their properties by hundreds of 1000’s.  Due to the research I recently did, I can tell you all about each subdivision and the particular prices and nuances. 

Prior to looking at new construction homes, it is highly recommended that you secure the services of a Realtor. This is free to buyers so it´s a no brainer - get someone to look out for your best interests!  Home builders have their own contracts, and you can bet this works out well for them as the contracts are naturally skewed towards their best interest. Your Realtor will know what to look for in the contract and can interpret the fine print. 

Make sure you take your Realtor who is representing you with you on your first visit to every new construction model/site. Your agent will get you preregistered with that builder and if you decide to go back at a later date without your Realtor you will still have buyers representation through your Realtor.  Then, when you find a home you want to move forward with make sure you talk with your agent about the incentives being offered and have them there with you at the builder´s site to also ask questions prior to signing any contracts. Realtors often have a better idea of what questions to ask in order to make sure your best interests are being met.  Sometimes homes come with a multitude of upgrades and the incentive packages just don´t make sense for a particular buyer. At this point, it might be better to submitting a lower offer on the home. Yes, with buyer representation your Real Estate agent can go to bat for you and negotiate a better deal, even on New Construction.

Prior to signing any forms have your Realtor hand the builder your pre-approval letter and let them know this is the lender you planning on working with, unless they can offer you a better deal through their in house lender. Don´t sign any contracts until they add an addendum stating you will be allowed to use your own lender and if the representative does not feel they have the power to do this then have them call the builder directly to get an approval.   It´s likely they will be willing to bend if you present your paperwork up front. If they absolutely will not budge, then suggest that you check into the loan program with their lender to find out the rates and get an estimate of closing costs so you can sit down and compare which works better for you. Do this PRIOR to signing any contracts.  If you don´t like the program they are offering then have your agent go back to the builder and tell them the in house lender can´t match or beat the approval you came in with and although you would love to buy the house, you will only be able to do so with the lender you came pre-approved with. Again, at this point they will probably give in, after all the time they have invested with you they too will want to see this deal materialize

Realtors have the inside knowledge of whether the builder is in financial trouble. This type of knowledge is very important in today's market. 

Chances are if you go in confident with the backing of a Professional Realtor behind you, things will get worked out  and you and the builder will both be happy in the end. There are lots of great deals to be had right now on the market, and builders need buyers so don´t be shy - and remember to shop prepared!

If you want to look at new construction in Long Grove, Buffalo Grove, Lincolnshire, Vernon Hills or the surrounding communities or have questions, please call me at 847-602-5435 or email me

New Construction Updates
I often post information about new construction and newer areas in my blog- Blurbs From The Burbs. You can check there for recent updates and more information.

New Construction in Long Grove- A summary of new hmoes for sale in Long Grove, Il- Novemmber 2008
Eastgate Estates
Long Meadow Farms
Prairie Trails