Why you should hire a REALTOR
when buying new construction?
One of the first decisions that must be made in the home buying process is whether to buy an existing home or a new home
You need to know that when you are working with the builder or the builder’s representative, you are working with someone who is not representing you. YOU SHOULD HAVE A BUYER’S REPRESENTATIVE who your advocate, providing you with advice, assistance and Counsel.
After you watched the video, take your time and read the video transcript below
IF YOU ARE BUYING A NEW HOME, DO YOU NEED A REALTOR TO ASSIST YOU?
One of the first decisions that must be made in the home buying process is whether to buy an existing home or a new home. In Las Cruces, new construction homes are popular due in large part to the shortage of resale homes on the Market and the current high buyer demand. Many new home buyers are buying their first home and are attracted to new construction.
There are many reasons why you should hire a REALTOR when buying new Construction rather than attempting it on your own. Especially since it IS free to you because the builder pays the commission.
If you are thinking that using the builder or the builder’s representative will save you money, this is absolutely false. You should know that the Builder is probably not going to reduce the base home price much, if at all, despite the fact that you tell him there is no REALTOR commission to pay. The reason is that he needs to maintain that base price for appraisals and neighborhood values.
You need to know that when you are working with the builder or the builder’s representative, you are working with someone who is not representing you, but instead is representing the best interests of the builder. YOU SHOULD HAVE A BUYER’S REPRESENTATIVE who your advocate, providing you with advice, assistance and Counsel. Your representative works for you, and has only your best interest in mind. It is very important to let the builder know that you have a realtor representing you at your first meeting.
# 1 is a non-biased evaluation of all the pros and cons of each builder and their products.
#2 is probably WHAT IS most IMPORTANT TO YOU is the BEST PRICE FOR your new home.
Here your representative as an expert negotiator can be most valuable.
Most builders will advertise the base price of their new homes. But, You have chosen to buy a new home because a major benefit is the ability to make it your own.
Customization – upgrades – and extras can come with a major cost increase. A REALTOR who has experience with new construction can help negotiate the prices of these upgrades and changes to floor plans.
Creative Negotiations with the builder is where the value of the Realtor really matters. A REALTOR can negotiate upgrades for the buyer to be free or at greatly reduced costs. This an easy way for the builder to maintain his basic price and give you a deal.
# 3 Is the Contract. Remember the upgrades and amenities you saw in the model home, and the ones you picked, need to be specified. You want to be sure to include everything you are adding or changing to your contract with the builder. YOUR REALTOR CAN HELP YOU CAREFULLY REVIEW THE PURCHASE CONTRACT.
# 4 IS THE BUILDER’S New home warrantee Coverage. You will want to ensure you have a proper understanding of what is covered by the builder or other companies that were involved in the creation of your new home.
MY Final Thoughts
If you decide that you’d like to buy new construction, as you can see, there are lots of benefits to hiring an experienced REALTOR.
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