Why use a REALTOR when buying New Construction? Because we can help you work smarter and we cost you nothing. We can make recommendations based on our experience, and knowledge about the market and the process. Also, because there are a lot of legalities that you should be aware of before making one of your biggest decisions in life. We want to work with you to achieve your desired goal.
Using a licensed REALTOR for the purchase of your new construction home/condo is both beneficial and recommended. The previous experience a real estate agent brings to the transactions is one of the highest benefits. Remember, the representative in the sales office represents the developer. You need representation from a knowledgeable buyers agent who is on your side. Many times, the buyers agent has "more pull" with the builder, due to previous sales and ongoing professional relationship with the builder.
If you are interested in buying a new construction, the builder's agent will be ready to help you with the process. But make no mistake: You need your own real estate agent from the start. When you buy a new construction, the home's builder is considered the seller, and the agent representing the builder is called the builder's agent. The builder’s agent will always have the builder's best interest in mind. The job of the builder's agent is to get the highest price for the homes the builder is selling so the agent is not going to be as eager to negotiate down.
It's a good idea to have your own real estate agent accompany you on your first visit to the new construction. Why? Because the builder (the seller) will be responsible for paying the commission, and needs to know if you will have a real estate agent representation. Bringing your agent to the first visit will make it clear that the builder's agent will be responsible for paying commission. Some builders might even refuse to pay your agent a commission if you don’t register the agent the first time you visit the home on a new construction project.
Your agents job is to help you get the most value for your money, with the least hassle and frustration. When buying new construction, here’s what your real estate agent will help you with that you might miss out on if you only work with the builder’s agent:
Negotiating extras: Want upgraded counters or appliances in that new home? Your agent can help you with all those extra perks, amenities, and upgrades.
Recommending financing: We can recommend reputable banks that provide construction loans, lines of credit, etc to make sure you are getting the financing that works best for you. A builder typically will have a “preferred” lender. We give you more options.
Overseeing process from contract to closing: Lot or floor selection: we can guide you in selecting an appropriate lot, building location, or exposure that will be compatible with your wants and needs.
Recommend subcontractors: We can recommend reputable contractors, designers, landscape architects and more.
The builder's agent can be a valuable resource for learning about your potential new home. They are knowledgeable about the construction and available amenities, as well as the housing development and general community. Having your own real estate agent in your corner will help facilitate the best of both worlds.
By Rose Sklar | firstname.lastname@example.org | 954.298.3626 | www.sklarteam.com