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Why Engaging a Realtor is Essential for Buying New Construction Homes

Jun 30, 2023  
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If you’re contemplating the purchase of a home in a new development, you may have been informed that a realtor is not necessary when buying new construction properties. While this statement holds some truth, it is strongly recommended to have an experienced real estate agent by your side throughout the process of acquiring a new construction home.

1.Representation: Although builders may claim that their in-house real estate agent can handle all the paperwork, it’s crucial to have your own realtor. The builder’s agent primarily serves the builder’s interests, which may result in a lack of representation for you. Hiring your own real estate agent ensures you have an expert focused on securing the best deal and addressing all your concerns.

2.Understanding Contracts: Reviewing complex contracts is time-consuming and can be challenging, especially for new construction purchases. A trusted real estate agent will guide you through the fine print of contracts, ensuring you comprehend all the details and avoid unpleasant surprises. By relying on your realtor’s expertise, you can navigate the extensive contract process with confidence.

3.Written Documentation: Verbal guarantees or promises made by salespeople or builders can carry more weight when put into writing. Having your own realtor allows you to document these terms and conditions, ensuring your security throughout the process. Written agreements provide clarity and prevent misunderstandings.

4.Financing: Builders often offer perks in exchange for using their preferred mortgage brokers. While this can be beneficial in some cases, it may not always align with your best interests. Engaging a realtor during the new construction purchase enables you to explore multiple financing options. Your realtor can recommend reputable mortgage professionals and help you compare offers from different lenders, ensuring you secure the most suitable financing for your situation.

5.Agent Fees: Misconceptions about realtor fees lead some buyers to believe that working without a realtor saves them money. In reality, the seller pays the agent fees, meaning the new construction builder covers the cost of your realtor. This arrangement allows you to benefit from a real estate agent’s expertise and support at no additional cost. Working with a realtor for new construction ensures peace of mind and minimizes stress.

6.Negotiation:While having strong negotiation skills is beneficial, enlisting the services of a real estate agent to negotiate on your behalf provides distinct advantages. A competent agent who specializes in new construction transactions is well-versed in the incentives that builders can provide, such as assistance with closing costs, upgrades, or extended warranties. Working alongside a realtor during the purchase of a new construction home significantly enhances your chances of obtaining the most favorable deal available.

If you’re seeking a qualified and experienced real estate team to guide you through the new construction process, we are ready to assist you. Contact us today to learn how we can help you get started!

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