Buying New Construction?
Why You Need Your Own Real Estate Agent
When you're house hunting, the allure of #newconstruction is undeniable. You get to be the first to live in the pristine home - one untouched by grimy hands or muddy shoes. It's full of brand-new appliances, and the finishes and treatments that you picked to fit your tastes and lifestyle. You won't have to worry about making any cosmetic or structural upgrades for years unless it’s something like a pool or patio cover that you just can’t live without. If you are interested in buying 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 get-go. Even if it seems like plug-and-play to sign up with the builder's on-site #agent, you're going to want someone representing your side of the deal.
What is a builder's agent? When you buy 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. After all, 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.
Why you should hire your own real estate agent - Your real estate agent's job is to help you get the most value for your money, with the least hassle and frustration. Keep in mind, your real estate agent MUST accompany you on your first visit to the new construction, because the builder (aka the seller) will be responsible for paying the commission, and needs to know that you have a real estate agent representing you. 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 site.
When buying new construction, here’s what your real estate agent will help you with that you might miss out on if you stick with the builder’s agent:
Negotiating extras: Want to upgrade counters or appliances in that new home? Your agent can help you with all those extra perks, amenities, and upgrades. We can often #negotiate with the builder on things like paint color or even the style of garage door, especially if the housing development is in the beginning stages.
Recommending financing: A builder typically will have a “preferred” lender that it will try to steer you to, but your real estate agent can help make sure that you’re getting the mortgage that works best for your situation. Talking with several lenders is always wise, and you don’t want the builder’s agent pressuring you into using their suggested #professional unless it’s right for you.
Overseeing a home inspection: Tempted to forgo a home inspection in new construction? Don’t do it!!! The number and severity of new-home defects can rival resale home problems. We recommend hiring a licensed #homeinspection professional to do a three-phase new construction inspection. The builder’s agent is unlikely to push for or offer up an #inspection, so it's up to you and your real estate agent to make it happen.
Call Us Today:
The #IntrinsicRealEstateGroup, eXp Realty, Specialises In Helping Our Clients Navigate The New Home Purchase With Ease As You Look At Your Options With Your #RealEstate.
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Intrinsic Real Estate Group | Brokered by eXp Realty | www.IntrinsicRealEstate.com