Do I need a Realtor when building a new construction home?
Purchasing a new construction home is a big decision and an exciting one. Picking out paint colors, cabinets and flooring to fit your taste is an exciting benefit to choosing to purchase a new-construction home. So, you’ve found a lot and a builder and you are getting ready to build the home of your dreams. The hard work is over, right? Unfortunately, many people assume that by finding a lot and a builder they can forgo working with a Realtor. Here are some important reasons why you should always hire a Realtor to represent you when building a new home.
- Someone to represent your best interests
When you are working with a builder to design and build your new home, you will be working with the builder representative the design and work through all of the details. While builder reps are good at their jobs, its important to remember that they are being paid to represent the builder and have the builders best interest at heart, not yours. When you choose to work with a Realtor, you are hiring someone who has your best interest at heart, not the homebuilders.
- It doesn’t cost a thing
You know that you don’t actually pay anything for a Realtor to represent you, right? The Realtor’s commission comes out of the sellers share, not the buyers. So, when you are making a major life decision with a significant amount of money, why would you forgo professional representation? Not only that, but a Realtor will work to negotiate the best deal possible for you. A well-known secret is that homebuilders do not like to negotiate because it sets a precedent for future home sales. So, if you go about negotiating with a homebuilder on your own, chances are slim that you actually be able to get yourself a good deal. Instead, hire a Realtor who has experience negotiating hundreds of deals and knows exactly how to approach it, saving you money and stress.
- Inspection Protection
A good Realtor is well-versed in the inspection process and can guide you through each and every inspection. Inspections are a big deal anytime you buy a new home, but especially when you are building it from the ground up. Each construction milestone constitutes a new inspection, and if the worst case-scenario happened and one of the inspections revealed a severe defect, would you still be stuck with the house? If you hired a good Realtor to represent you, they would make sure that you are covered with the proper inspection contingencies in case something does go awry.
Sarah & Tim
Florida Life Real Estate Group