Traditionally, when potential homeowners decide to search for a new home, they call they Realtor. However, often when new construction is the plan, buyers often go it alone. But don’t be short sighted, your Realtor can be exceptionally helpful and well worth his or her commission.
New construction often boasts great floor plans with large family rooms and a wide array of special features and appointments. Energy efficient products are standard while new building materials often help reduce future utility bills. In addition, the roof and most appliances have many years until replacement will be necessary.
Although you may not deem it necessary to involve your Realtor when working directly with a builder, it could prove to be quite prudent. By enlisting a Real Estate agent you are hiring a professional who will help guide you through the process and protect your interests.
7 advantages to consider when using a Realtor during the building process:
1. Builders differ greatly. Some are known for being able to build at a “great” price, while others typically build with only the finest materials. It’s important to depend on reputation and previous clients. Your broker’s experience can provide these references.
2. Brokers know the market well, and can help you negotiate an appropriate price that does not place your cost above market value.
3. As a buyer, you are most likely only constructing a new home once with a builder. However, your Realtor may work with the builder many times over the years. Since repeat business is imperative to most businesses, your builder is more likely to go above and beyond to impress your Realtor and you.
4. Agents deal with mortgage brokers, appraisers and banks regularly. Your loan process tends to move along smoother when your agent oversees the progression.
5. Even the best buyer-builder relationships can have kinks during the building course. Your Realtor can be the voice of reason and well versed on industry standards.
6. If you are relocating to a new area, your agent can provide local area information. He or she can also be your eyes and ears periodically at the construction site.
7. Lastly, typically the builder agrees to pay the sales agent’s commission, so you are receiving support and attention at no additional cost to you.
Building a new home can be a tough journey. Having a Real Estate professional on your team can help smooth the bumps and tackle the hurdles so you can enjoy the ride.
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