Are you ready to buy a home and considering the new build route? It may seem like an easy enough process, right? You get to call the shots of how you want your dream home to be built. However, there is a lot of risk when it comes to new construction if you are going in blindly. It’s not as trouble free as you think. Below, we will dive into why you need a buyer’s agent representing you. They are on your side. A buyer’s agent role to ensure the builders and their team don’t take you advantage of you. 1. HIRING THE RIGHT BUILDERThe most important part of finding an agent is having a professional’s perspective to finding a builder with a great reputation. You get to benefit from your agent’s network of vendors, lenders, and homebuilders. They have the industry expertise to connect you with a builder that matches your needs. It’s more than likely they have already had experience with the builder with a past client. An agent will help you find a builder, that not only delivers exactly what their clients want, but in a timely fashion.
2. THE RIGHT LOT IN THE RIGHT NEIGHBORHOODFinding the right lot on a new build is extremely important. In the excitement of the process, we tend to overlook important features of a property. It’s important to have an agent that will ensure you to make the correct purchase. Buyer’s agents will be able to find a neighborhood that best fits your lifestyle and location that works best for you. Whether you’re single with pets or a family with children, the lot location can really make a huge impact. Especially when it comes to the time to sell your home in the future. These are important things your agent needs to help walk you through.
3. UPGRADES AND PLAN MODIFICATIONSNot only will your agent be able to ensure you get the upgrades and modifications that will best suit your lifestyle, but will also help you make decisions that will increase the value of your home in the long term. They are working for your best interest in the long term, and with their guidance, you can be sure to make modifications that end up benefiting you.
4. HANDLING CONTRACTS AND PAPERWORKYour agent will handle the contract and all of the paperwork. It is their job to review it to ensure that it everything looks correct. They will be able to help you break down the best loan types, purchasing process, and steps to take that benefit YOU and not the builder. Another benefit of selecting an agent that is not working for the builder is that THEY ARE WORKING FOR YOU! You want to make sure you have a professional who is experienced with the paperwork and contracts and knows how to make revisions that work in a way that will make you happy.
5. NEGOTIATIONSIt is imperative in the purchasing process to have an agent that is able to represent and negotiate for you. The building process is so much more than having the builder put in your favorite counters and floors. A buyer’s agent will be able to get you a price that actually benefits you and not the builder. They will be able to run a comparative market analysis to ensure you are paying a fair price for the property. You don’t want to end up overpaying for the home as it could put you in a tough spot when it comes time to sell. They’ll also be able to negotiate terms around the building time frame, closings costs, and so many other aspects of a contract that you may otherwise overlook.
6. BUILDER’S AGENT REPRESENTS THEM, NOT YOUIt may seem easy just to pop into an office of a new build and use the onsite agent. Keep in mind that the builder’s agent works FOR the builder and NOT for you. Their job is to ensure the builder gets the best deal at the end of the day. By having a buyer’s agent of your own, you can guarantee they are on your side. It is their job to walk you through the process and avoid being taken advantage of during the transaction. They will also have a better handle on things when you hit bumps along the way. If you end up working with a builder who isn’t holding their end of the deal, they will have the power to make connections that ensure the builder holds their end of the contract terms.