Builders, Buyers... Don't Leave Your Realtor Out of the New Construction Equation

Having represented buyers in the the purchase of new construction homes, I am frequently surprised by those who don't think a Realtor is necessary in these situations. You should always have a trained, experienced advocate when investing in real estate. New construction is no exception. Following are a few reasons why:

Some people think you are supposed to use the builder's representative, who may or may not be a licensed real estate agent. You have the right to use your own real estate professional, one who is licensed by the state, experienced in area home sales and values, and familiar with the process of purchasing new construction property.

Builders contracts vary, so it is important to work with a Realtor who can guide you through the contract, adding contingencies and other protection for your benefit. Remember, you are entering into a legally binding contract with the builder; you should have your own representative, experienced in a variety of builder contracts, guiding you through the contract.

Using a Realtor as your own buyer's representative costs you nothing. The Realtor's commission is paid by the seller as a co-op fee, so why wouldn't you use a professional to represent your interests?

Monitoring the process is another valuable service your Realtor can provide. Once you have entered into a contract with the builder, time lines need to monitored to ensure you close on time and your financing stays on track. Your Realtor will monitor the process to ensure you move toward the closing in a timely manner.

You don't get a discount for foregoing the Realtor and buying directly through the builder; in fact, your Realtor can frequently negotiate a better price and terms for you.

Unlike a builder's rep, your Realtor can assist you in determining fair market value, upgrades and finishes commensurate with the community, advise you in resale potential, school report data, neighborhood information and crime statistics.

Your Realtor can offer additional buyer benefits, like home warranty alternatives and related homeowner services, including financing, title, insurance and concierge services.

'Thinking about new construction? Call me and let's talk!