Advantages of Using a Realtor to Build Your New Home
There are many factors in deciding what your new built home should be. Building a new home can involve many elements that you may not have considered. The following is a list of advantages of using a Realtor to build your new home:
· Professional Representation
· Knowledge of the Market
· Help in Finding the Perfect Home Quickly
· Assist in Selecting the Right Lot & Improvements to Ensure Good Resale Value
· Professional Guidance Throughout the Entire Process
· Negotiation Skills with the Builder
· Experience with Builders and Builders Purchase Contracts
· Access to a Database of Information about Subdivisions, Floor-plans, etc.
· Familiarity with New Home Warranties
· Etc.
New home construction prices are generally based on the builder's cost plus their profit or markup. In most cases, homebuilders have a marketing budget which includes commissions. It is important to remember that builders represent themselves; and a Realtor will represent you. Here are some of the things that a realtor should and will do for you if they are qualified:
Most buyers will do only a walk-through with the builder. A good Realtor will insist on an inspection by a licensed professional prior to closing and will attend the inspection with the buyer.
Having a qualified Realtor to represent you when having a new home built and assist in making informed decisions that best benefit you and your family’s needs is beneficial. The best part is that there is no additional cost to you. So when you go to buy a new home, find a seasoned Realtor. It makes sense.
Question… Is there any advantage to NOT using a realtor to purchase a new home?
No. There is no financial advantage for you to buy directly from the builder. Builders have a "single-price" policy, meaning you will be charged the same price whether your interests are represented by an Agent or not. Just as in any resale, the Seller pays your Agent's fee.
REMEMBER... The Builder requires that your Agent accompanies you on your first visit to the Builder's sales office, or they will NOT PAY your representative's fee!
Here are a few suggestions to consider when deciding to build your new home:
· In what area do you want to build your new home?
· What type of home are you looking to build?
· How much space do you need in your new home?
· What is the community like?
· What are the schools like?
· How is the recreation in the area?
· What are the longer term trends in the area?
We would like to help answer these questions and more!