Why Having Your Own Agent Matters When Buying a New Construction Home
Discovering the perfect home poses a significant hurdle for prospective buyers in today’s real estate landscape. Currently, the inventory of homes on the market remains limited. However, there is a positive aspect to consider – a higher proportion of available homes for sale consists of newly constructed residences. This underscores the importance of exploring whether a newly built home aligns with your preferences if you’re seeking more choices.
It’s crucial to bear in mind that engaging with a builder differs from purchasing a property directly from a homeowner. While builders typically deploy sales agents onsite, having your own real estate agent becomes essential to ensure adequate representation throughout the entire homebuying process. As Realtor.com says:
“Keep in mind that the on-site agent you meet at a new-construction office works for the builder. So, as the homebuyer, it’s a smart idea to bring in your own agent, as well, to help you negotiate and stay protected in the transaction.”
Here’s how having your own agent is key when you build or buy a new construction home.
Agents Know the Local Area and Market
Evaluating the potential changes in the neighborhood and its surroundings is a crucial factor to weigh before finalizing your home purchase. Your real estate agent possesses knowledge about emerging communities and developments that might impact your decision. A valuable contribution that a real estate agent can make is examining the builder’s site plan. For instance, it is essential to inquire about any upcoming projects like the construction of a highway or the addition of a drainage ditch behind the potential backyard.
Knowledge of Construction Quality and Builder Reputation
Additionally, a real estate agent possesses knowledge about the construction quality and standing of various builders. They can provide valuable insights into the track record, customer satisfaction, and construction methods of each builder. Equipped with this information, you can opt for a builder with a reputation for consistently delivering high-quality homes.
Assistance with Customization and Upgrades
Selecting new home construction comes with a definite advantage: the chance to personalize your home. Your agent will assist you in navigating this customization process and provide insights into upgrades that have the potential to enhance your home’s long-term value. Their expertise ensures that you allocate your budget to areas that offer the highest return on investment in the future.
Understanding Builder Negotiations and Contracts
Effective negotiation plays a crucial role when dealing with builders, and having a proficient negotiator on your team can be immensely beneficial. Builder contracts often involve intricate details, and your agent can assist you in deciphering these terms and conditions. Moreover, agents, being adept negotiators, can advocate on your behalf, potentially securing more favorable deals, upgrades, or incentives throughout the entire process. As Realtor.com says:
“A good buyer’s agent will be able to review any contracts before you sign on the dotted line, ensuring you aren’t unwittingly agreeing to terms that only benefit the builder.”
Bottom Line
If you are interested in buying or building a new construction home, having a trusted agent by your side can make a big difference. If you’d like to start that conversation, let’s connect.
