Where new construction is concerned, the biggest mistake homebuyers make is not hiring a real estate agent. Many believe they can save money by going through the builder’s sales agent, but this is a costly mistake. If someone is considering purchasing a new construction home, they should consider the following benefits of working with a real estate agent.
Agents Know the Community
An agent who knows the local community will have the skills and knowledge to help new home buyers make good decisions when choosing a lot, floor plan, and upgrades.
Real Estate Agents Represent the Client, Not the Builder
While many new home buyers simply go through the builder’s agent, that’s not always the best course of action. A builder’s agent may be friendly and pleasant, but they don’t have the buyer’s best interest at heart. When buyers hire their own real estate agents, their interests are protected.
Real Estate Agents Can Help Clients Get Better Deals
Though a buyer may be a good negotiator, real estate agents’ community experience gives them an edge during the bargaining phase. Real estate agents know which promotions are upcoming, and they understand the area’s sales record. This information is particularly helpful when a person is buying a home out of state and they don’t know much about the community.
Agents Consider the Buyer’s Investment and the Home’s Resale Value
A builder’s agent is usually focused on an upcoming sale, but a buyer’s agent has a long-term focus on a home’s investment potential. When a buyer uses his or her own agent, they’re more likely to end up with a home that has a high resale value. Real estate agents work on a referral basis, which means they’ll do what it takes to make clients happy.
Agents Help Buyers Understand Sales Contracts
Even if a person has bought or sold real estate in the past, a new construction sales contract may be confusing. Misunderstandings can lead to costly mistakes, especially if issues arise during construction. With a real estate agent’s help, a client will understand everything in the contract before they sign it.
Agents Can Oversee the Construction Process
When a person buys a new construction home, it’s good to have an extra set of eyes on the construction process. However, it isn’t always easy, especially for out-of-state buyers. Many real estate agents will watch over the home, go to meetings, take videos and photos for clients, ensure that construction is on schedule, and provide progress reports. With all this help, clients will find it easier to move into their new homes. For more information, contact Leslie today.
Leslie Haverland |Leslie The Realtor Inc. |26 Schroeder Court|Madison, WI53711|608.334.4052