Home Buying Process
July 9, 2019
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July 9, 2019Why You Need Your Own Real Estate Agent When Buying a New Construction Home
Why You Need Your Own Real Estate Agent When Buying a New Construction Home
Buying a new constructions home: When you are house hunting, the allure of new construction is undeniable. You get to be the first to live in the pristine home. It’s full of brand-new appliances and the finishes and treatments that you picked to fit your style.
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 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.
So, what is a builder’s agent?
DX2 explains that 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?
It’s a good idea to have your real estate agent accompany you on your first visit to the new construction. Why? Because the builder (aka the seller) will be responsible for paying the commission, and needs to know if you’ll have a real estate agent representing you. So, bringing your agent to the first visit will make it clear that the builder’s agent will be on the hook 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 site. Your real estate agent’s job is to help you get the most value for your money, with the least hassle and frustration.
Also, did you know that when you hire me as your agent, I am absolutely FREE? You will not have to pay extra to have me represent you when buying a brand-new home.
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:
- We can Negotiate extras: Maybe upgraded counters or appliances. As Your agent, I can help you with all those extra perks, amenities, and upgrades.
- 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. You also need a real estate agent especially for property search fort lauderdale since these areas are always high on demand.
How the builder’s agent can help you
All that said, the builder’s agent can be a valuable resource for learning about your potential new home. You can rely on them for background information—just don’t make this individual your sole point of contact on the buying process.
Well, I hope this has helped you learn why you need your own Real Estate Agent representing you, when buying a new construction.
STEPS TO THE HOME BUYING PROCESS
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