When purchasing a new construction home, many buyers think they can skip the involvement of a real estate agent because they’re dealing directly with builders or developers. However, a real estate agent can be invaluable during this process. ~Here are just a few reasons why~
1. Representation of Your Interests - Your agent works for you and you alone.
- The builder’s sales team works for the builder, not for you. A real estate agent serves as your advocate, ensuring that your interests are prioritized and that you're not being pressured into making decisions that only benefit the builder.
2. Negotiation Power
- Builders may be less likely to negotiate on price, but an experienced agent knows how to secure additional perks, upgrades, or favorable terms such as closing cost contributions. They understand how to negotiate within the boundaries set by the builder.
3. Understanding the Contract
- New construction contracts can be lengthy and full of complex terms. A real estate agent can help explain clauses that protect the builder but may leave you at risk, such as construction delays, warranties, and contingency clauses.
4. Access to Market Expertise
- Agents can provide insight into the local market, including comparable home prices, neighborhood trends, and future resale value. This is crucial to ensure that you're not overpaying for a home in an unproven location.
5. Help with Builder Reputation - A real estate agent can help you vet the builder’s reputation by sharing feedback from past clients or helping you research the builder’s track record for quality, delivery timelines, and customer service.
6. Guidance with Inspections
- Even new construction homes can have defects or issues that aren't immediately obvious. An agent can recommend a reputable home inspector who will ensure that everything, from plumbing to electrical systems, is up to code before you close.
7. Managing Upgrades and Customization
- Builders often offer a wide array of upgrades and customizations that can increase the final price significantly. A real estate agent can help you determine which upgrades will give you the best return on investment and which ones you might be able to do more affordably after closing.
8. Protecting Your Timeline
- Builders often set timelines that can change due to construction delays or supply chain issues. A real estate agent can help you navigate these delays and work with the builder to ensure timely updates and flexibility with your own schedule, such as the sale of your current home.
9. Guidance Through Financing
- Builders may offer their own financing options, which could be more expensive in the long run. A real estate agent can help you shop around for competitive mortgage rates or guide you on whether to take advantage of builder incentives.
10. Post-Sale Support
- After closing, issues may still arise, such as warranty claims or uncompleted work by the builder. An agent can assist in communicating with the builder to ensure these items are addressed, protecting your long-term investment.
Having a real estate agent ensures that you’re not navigating this complex process alone and helps you make informed decisions while protecting your interests.
Contact me today to discuss new construction.
From Sale to Sold with Heart and Soul!