Many home buyers feel they do not need buyer representation to purchase a home through a builder. This could not be more untrue.
Most builders pay real estate agents a commission through a specified marketing budget and it is a built-in cost for them, and so contrary to popular belief, foregoing the use of a real estate agent does not get you a discount or a reduced home price. In other words: it costs you nothing.
When you purchase a home from a builder on your own you have no representation. The builder’s sales representative works for the builder whereas a real estate agent works for you.
Working with an agent who specializes in new construction allows you access to a wealth of information including builder incentives that have not yet been advertised to the public, and information on comparative communities or competing product. Often times builders will give incentives to real estate firms in order to entice the firm’s agents to bring prospective buyers in. These include end-of-quarter specials, fiscal year-end specials and even some “stay and play” packages in golf communities.
Did you know that you do not need to use the builder’s title company? You can use a real estate attorney of your choosing that works for you, can give you legal advice and will be there for you in the event you run into some hiccups with the builder during the closing. As valuable as they are, a title company cannot give you any legal advice or help you negotiate the way that your real estate agent and attorney can. An ounce of prevention is worth a pound of cure!
- Do you know the closing cost difference between purchasing a new home versus a re-sale home?
- Do you understand the advantages of selecting a lot with southern rear exposure versus western rear exposure?
- Do you know what the land adjacent to your builder’s land is permitted for?
These are questions that a knowledgeable real estate agent can help you answer when buying a new home.
Please contact me to learn more about new construction: 239-207-9752 or MaryW@DomainRealtyGroup.com