Having Your Own Agent Is Important When Buying a New Construction Home
Finding the right home is one of the most difficult tasks for potential buyers today. Currently, the supply of homes for sale is low. However, there is a bright spot. Newly built homes account for a higher percentage of total homes available for sale than usual. That is why, if you want more options, you should consider a newly built home.
However, it is important to remember that working with a builder differs from purchasing from a homeowner. And, while builders typically have sales agents on-site, having your own agent ensures that you have proper representation throughout your home-buying 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
Before purchasing a home, you should consider how the neighborhood and surrounding area may evolve. Your agent is well-versed in the upcoming communities and developments that may affect your decision. A real estate agent can help by reviewing the builder's site plan. For example, you will want to know if there are any plans to build a highway or a drainage ditch behind your proposed backyard.
Knowledge of Construction Quality and Builder Reputation
An agent also understands the construction quality and reputation of various builders. They can provide information about each one's track record, customer satisfaction, and construction practices. With this information, you can select a builder who has a track record of consistently delivering high-quality homes.
Assistance with Customization and Upgrades
The most obvious advantage of choosing new home construction is the ability to customize your home. Your agent will walk you through the process and offer advice on the upgrades that are most likely to increase the long-term value of your home. Their expertise ensures that your budget is allocated to areas that will provide the best return on investment in the future.
Understanding Builder Negotiations and Contracts
When it comes to working with builders, having a skilled negotiator on your side can be extremely beneficial. Builder contracts can be complex. Your agent can guide you through these contracts to ensure you fully understand the terms and conditions. Furthermore, agents are skilled negotiators who can advocate for you, potentially resulting in better deals, upgrades, or incentives throughout the transaction. 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.”
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.