Are you ready to buy a home and considering a new build? It’s not a super complicated process, and you get to call a lot of the shots in how you want your dream home to be, but there can be considerable risk when it comes to new construction if you are going in blindly. It’s unfortunately not as trouble-free as we’d like to hope, if you don’t have the right representative by your side to help with the things that need to be looked out for from a professional’s eye. Below, we’ll dive into the many reasons you need a professional buyer’s agent representing you in the sale. They are, after all, on your side. And it’s their role to ensure you aren’t taken advantage of by the builders and their representatives in the transaction. The best news? Using a buyer’s agent won’t cost you a dime! The builder/seller pays their commission in most, if not all cases. You get the benefit without the fee.
1. HIRING THE RIGHT BUILDER
The most important part of finding an agent is having a professional’s perspective to finding a builder with a great reputation, and to know which builders to avoid. Having an agent with a substantial network can lead you to the builder with the right plans, in the right neighborhood or area that really suits your needs and will help you achieve the lifestyle you’re seeking.
2. THE RIGHT LOT IN THE RIGHT NEIGHBORHOOD
The lot you choose to go with in a new build can either be a positive to your new home, or detrimental. Whether you’re single with pets, or a family with children, the lot location can really make a huge impact. Especially when it comes time to selling it in the future. These are important things your agent will be able to help walk you through, so your decisions work in your favor both now and in the future.
3. UPGRADES AND PLAN MODIFICATIONS
Not only will your agent be able to ensure you get the upgrades and modifications that best suit your lifestyle, but can also guide you on the impact various upgrades may have on the resale value. They are working for your best interest long-term, and with an agent’s guidance, you can be sure to make changes that end up benefiting you.
4. HANDLING CONTRACTS AND PAPERWORK
Many builders provide their own contract documents, drawn up for them by their lawyers. It’s always a good idea to have someone you trust look over the terms in a builder’s contract to make sure you know what you are agreeing to. During the building process, they may contact the builder and even the construction supervisor to check on the progress and to ensure important items on your list are double checked. Your agent represents only YOU throughout this process.
It is imperative in the purchasing process to have an agent that is able to represent you and negotiate for you. The building process is so much more than having the builder put in your favorite counters and floors. They will be able to get you a price that actually benefits you – 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 – it could put you in a tough spot when it comes time to sell. They’ll also be able to negotiate terms around 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 YOU
It may seem easy just to pop into an office of a new build, or a builder’s office, and use the on site agent. But keep in mind that this agent works FOR the builder, NOT for you. So they will be working to make sure the builder gets the best deal at the end of the day. By having a buyer’s agent of your own, you can ensure there is a professional on your side that can 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.