Do I Need an Agent If I’m Buying a New Construction Home?
One of the first questions we hear from new homebuyers is “do I need a real estate agent if I’m buying a new construction home?” The answer to this question is a definite “yes!” No matter where you are in your homebuying journey, consulting a realtor is one of the most important first steps you can take. From helping you understand your options to finding your ideal property and closing the sale, an experienced agent will be your best asset throughout the homebuying process.
Why You Need an Agent on Your Side
When you visit a new construction home or community, you’ll meet with a friendly on-site salesperson (the builder’s agent) who is there to give you all the information you need about the property you’re visiting. They will likely tell you that you don’t need an agent for your new construction home purchase since they can assist you through the process. But don’t be fooled–the builder’s agent is there to represent the builder’s interests only. You as the homebuyer need someone to represent your interests as well, and the best person to do that is a real estate agent specializing in new construction home sales. Here’s why:
1. They Will Save You Hours of Work
Researching neighborhoods, searching for homes, narrowing down options, and scheduling tours can take hours of work. An on-site salesperson certainly won’t do this for you since they’re only interested in selling you a home within their new construction community. A dedicated buyer’s agent, however, will use their expert knowledge to do all this work for you. First, they will take the time to fully understand your needs, desires, and budget, and then they will identify a range of options for you to explore. They will also schedule tours and assist with your search until you find the perfect home and community for your needs. And, once you decide to buy a home, they will also be there to assist you with interpreting complicated contracts and completing all the lengthy paperwork involved in a home purchase. Try doing all of this on your own and you’ll feel like you have a second full-time job!
2. They Can Help You Make an Informed Decision
You cannot make the best decisions without access to accurate and complete information. Real estate agents who specialize in new construction home sales have in-depth knowledge of local markets and access to “off-market” listings that may not be available online. Not only can they provide you with a complete selection of options to explore, but they can also give you sound advice and guidance when it comes to making decisions about your new home purchase. With an agent on your side, you can make confident and informed decisions at every step of the homebuying process.
3. They Can Help You Get the Best Value for Money on Your Purchase
The builder’s agent represents the builder. It’s their job to sell homes at the highest possible price with terms that favor the builder’s interests. Your agent, on the other hand, is committed to helping you get the best value for money. Real estate agents are expert negotiators who can use their high-quality relationships with builders/developers to get you the best terms and options on your home purchase. They can advise you on whether a home is priced fairly or if you should look elsewhere. They may also be able to negotiate for upgrades or incentives that the builder’s agent wouldn’t otherwise offer up. With their knowledge and wisdom on your side, you can feel confident that you’re getting the best value for money on your new home purchase.
How Much Will It Cost Me to Hire an Agent?
You may be surprised to learn that hiring an agent does not cost you anything. In all real estate transactions, the agent is paid by the seller. In the case of a new construction home purchase, the seller is the builder, and they are the ones who will cover your agent’s commission. Buyer’s agent’s fees are simply a part of the cost of doing business for a builder, and they are happy to pay these fees since the agent is the one who brought you (the buyer) to them.
Since hiring an agent does not cost you anything, there is no reason not to hire one. Furthermore, with an agent on your side, you get more peace of mind in your new construction home purchase. A builder knows that a buyer who is represented by an agent has a professional on their side meaning that they cannot get away with low-quality work or incomplete steps in the transaction process.
Where Can I Find an Agent Who Specializes in New Construction Home Sales?
At NewHomesMate, we’ve gathered some of the best real estate agents in the areas we operate in. Our realtors have a deep understanding of local neighborhoods, as well as good relations with local builders that can help you get better terms and options for your new construction home purchase. By working with us, you can be sure that you will be guided through the entire process by knowledgeable professionals who are experienced with new home purchases. They will use the information you provide about your needs, desires, and budget to help you find your ideal property, and they will guide you through each step of the homebuying process including financial negotiations, setting timelines, and dealing with any contractual issues that arise.
So, what are you waiting for? Get in touch with a new homes expert and start searching for your dream home with NewHomesMate today!
Q: Why do I need an agent if I’m buying a new construction home?
- They will save you hours of work.
- They can help you make an informed decision.
- They can help you get the best value for money on your purchase.
Q: How much will it cost me to hire an agent?
A: Hiring an agent does not cost you anything.
Q: Where can I find an agent who specializes in new construction home sales?
A: At NewHomesMate, we’ve gathered some of the best real estate agents in the areas we operate in.