Do I Need A Realtor If I Buy A New Construction Home?
YES, YES, YES!!!
Did you know that purchasing new construction is usually more complicated and intimidating than buying a resale home? It is very important that you hire a real estate agent to represent you in this process. You should choose an agent that is familiar with the area and has experience working with builders.
Here are a few reasons why you should always go shopping for a home with your agent, new construction or resale:
- Hiring your own Realtor is free to you. The commission for buyer representation is part of the purchase price, if you are not using your own Realtor, the builder simply receives extra money from your purchase. Using the builder’s sales person will not get you a better deal.
- The sales agent at the model home represents the builder and the builder only. They are not there to “help” you, the consumer. They are there to get the builder the most money for their home. No matter how comfortable you are with your negotiating skills, I strongly recommend having a real estate professional represent you so they can help you through all phases of the process (contract, construction, appraisal, walk-through, and closing). Sales price isn’t the only number to be negotiated in a home purchase. There are thousands of dollars worth of “fees” associated with a home purchase contract, do you know what they are and who is paying them?
- Your Realtor will fight for you and has far more pull with a builder than you. Issues often arise in the construction of a new home and you may not get the answer you want if you are asking a builder to fix a concern. However, builders need to maintain their reputations with Realtors because we sell their homes…over and over again.
- Your Realtor will help point you toward smart upgrade choices. Builders will offer you endless options for finishes and upgrades, and it’s easy to get overwhelmed. We can recommend the upgrades that will get you the most bang for your buck in real estate value, suggest finishes that might be cheaper to do on your own, and help you avoid over-improving, which can jeopardize your appraisal before closing.
- Your Realtor will advise you on having the home inspected during the building process. Most buyers don’t think about having the home inspected during construction. There are several phases in which you should have the home inspected.
With a professional by your side, you’ll rest easy knowing someone is there to protect your money, your time, and your new home.
Contact The Stanfield Team for your new construction questions and have us go house shopping with you!