10 Must-Ask Questions Before Buying a New Construction Home in Sherman, TX
Are you thinking about buying a new construction home in Sherman, TX? You’re not alone! With Sherman’s rapid growth and exciting new developments, many buyers are looking for brand-new homes as a great investment. However, purchasing a new build isn’t the same as buying a resale home.
Before signing a contract, make sure you ask the right questions to protect your investment. In this guide, we’ll cover the top 10 questions you need to ask before buying a new construction home in Sherman, Texas.
1. Why Should I Use My Own Real Estate Agent Instead of the Builder’s Sales Rep?
Many buyers assume they don’t need their own agent when purchasing a new construction home in Sherman, TX. However, this is a common mistake. The builder’s sales representative works for the builder, not for you.
A Sherman real estate agent who specializes in new construction can:
✅ Negotiate better deals on pricing, upgrades, and closing costs.
✅ Review contracts to protect your interests.
✅ Ensure quality construction by recommending independent inspections.
✅ Guide you through financing options and compare builder incentives.
2. Can I Negotiate the Price or Incentives With the Builder?
Many homebuyers think that new construction home prices are set in stone. However, that’s not always the case. While builders may not lower the base price, they are often willing to offer valuable incentives, including:
✔️ Free upgrades (such as premium countertops, flooring, or appliances).
✔️ Closing cost assistance if you use their preferred lender.
✔️ Discounts on lot premiums for select homesites.
A Sherman real estate expert can help you negotiate the best deal and get the most value from your purchase.
3. What Should I Look for in a Builder’s Contract?
Before signing any agreement, it’s essential to understand the builder’s contract. Unlike resale home contracts, new construction contracts favor the builder. Be sure to review the following details:
📌 Deposit and cancellation policies – Can you back out without penalty?
📌 Construction timeline – What happens if there are delays?
📌 Warranty details – What’s covered, and for how long?
An experienced Sherman real estate agent can review the contract to help you avoid costly surprises.
4. Do I Still Need a Home Inspection on a New Construction Home?
Yes! Just because a home is brand new doesn’t mean it’s perfect. Construction mistakes happen, and hidden issues can arise. Common new home defects include:
✔️ Electrical and plumbing errors.
✔️ Foundation or framing defects.
✔️ HVAC system problems.
Hiring an independent inspector ensures that any issues are addressed before you close.
5. What Happens if There Are Construction Delays?
Sherman, TX is growing rapidly, and delays are common in new construction due to:
🔸 Weather conditions affecting the building schedule.
🔸 Supply chain shortages slowing down material availability.
🔸 Labor constraints causing unexpected setbacks.
Your contract should clearly outline what happens if your home is delayed. Will the builder compensate you? Can you cancel without penalties? Asking in advance will help you plan better.
6. Will the Builder Cover My Closing Costs?
Many builders offer closing cost incentives, but they typically come with conditions. To qualify, you may need to:
✔️ Use the builder’s preferred lender.
✔️ Choose specific loan programs that meet their requirements.
It’s important to compare lender options to ensure you’re getting the best interest rate and terms.
7. What Warranties Does the Builder Provide?
Most new construction homes in Sherman, TX come with a warranty. However, coverage varies. Ask about:
📌 1-year warranty for workmanship (paint, flooring, drywall).
📌 2-year warranty for major systems (electrical, plumbing, HVAC).
📌 10-year structural warranty.
Always review the warranty details before closing to understand what’s covered.
8. Can I Customize the Home After Construction Starts?
Some builders allow personalization before construction begins, but once the home is under development, changes may be limited or come with extra costs.
Ask about deadlines for selecting:
✅ Flooring, countertops, and cabinets.
✅ Paint colors and trim details.
✅ Electrical and plumbing upgrades.
Knowing these timelines in advance helps prevent unexpected costs and delays.
9. Are There Hidden Costs Beyond the Base Price?
The advertised price for a new construction home in Sherman, TX doesn’t always include:
✔️ Lot premiums based on location and size.
✔️ Homeowners association (HOA) fees, if applicable.
✔️ Property taxes and insurance costs.
✔️ Upgrades beyond the builder’s standard features.
A real estate agent can help you calculate the true cost of your new home before you commit.
10. Are There Any Upcoming Developments That Could Affect My Home’s Value?
Sherman, TX is one of North Texas’ fastest-growing areas, with new shopping centers, schools, and highways in development. Future projects could:
✔️ Increase home values in certain neighborhoods.
✔️ Add traffic or noise near your community.
✔️ Change zoning laws and school districts.
Consult with a local real estate expert to understand how upcoming development projects could impact your home’s value.
FAQs About Buying a New Construction Home in Sherman, TX
1. Is Sherman, TX a good place to buy a new construction home?
Yes! Sherman is growing fast, with major job opportunities, new schools, and infrastructure improvements making it an excellent place to buy.
2. Can I negotiate closing costs with the builder?
Yes! Many builders offer closing cost incentives, but they often require you to use their preferred lender. Always compare loan options before deciding.
3. Should I still get a home inspection on new construction?
Absolutely! Even brand-new homes can have structural or mechanical defects. A home inspection ensures that everything is built correctly before you move in.
Are you thinking About Buying a New Construction Home in Sherman, TX? Let’s Talk!
📞 Call or Text: 903.267.9704
📧 Email: aphillipsrealtor@gmail.com
🌐 Schedule a Discovery Call: https://calendly.com/amandawithppg/discovery-session
📍 Serving Sherman, Texas & Surrounding Areas
