Buying new construction seems simple, right? Just select the floor plan you would like, choose the perfect lot, and watch it go up. No sellers to deal with, no unexpected repairs that come up during inspection, no drawn-out negotiations. Right?
The reasons you Have to have a Buyer’s Agent When buying New Construction
Not so fast. In virtually any real estate transaction, it’s important to have a professional on your side, even if the process seems straightforward.
“Having your own agent provides a sense of security,” says Seattle-area homeowner Kristy Weaver, who has bought two new construction homes from two different builders. “It gives you some peace of mind, knowing that someone is looking out for your best interest.”
Peace of mind is only one advantage of having an experienced agent along for the ride. Continue reading for five more reasons you’ll need Nick & Cindy Davis on your side when purchasing a new construction home.
To help you choose a reputable builder
“Your agent can rely on their own experience and that of their colleagues to help you find a builder you can trust,” says Portland, OR-based real estate agent Kim Ainge Payne of the Realty Trust Group. “What’s the quality of the workmanship? What kind of warranty do they offer? What’s their track record of resolving issues? Getting a clear understanding in the beginning can alleviate serious headaches down the road.”
To go to bat for you
The timeline for buying new construction is normally a lot longer than buying an existing home. From the very first time that you visit the sales center, to choosing your layout, construction, inspections, and finally closing, there are ample opportunities for things to go sideways – think construction delays, permit issues, and financing concerns. An experienced buyer’s agent will help you navigate every one of these sticky situations.
To help you review your contract
Regardless of whether you’ve bought a home before, the contract for new construction is a whole different animal, and an experienced agent will help you be sure you understand everything, from floor plans to earnest money requirements, deadlines for requesting changes, and timelines for completion.
“It’s crucial to have a third party who represents your interests in the transaction,” says Dmitry Yusim, a Seattle-area agent who has represented new construction buyers. “A good agent can add the proper addendums to protect you if something falls through.”
To assist with negotiations
Buyers’ agents understand the places where you’ll find the most wiggle room with regards to negotiations.
“Builders are trying to keep their sales price up so that the next buyers through the door see the higher closing price,” explains agent Britt Wibmer of Windermere Real Estate in Seattle. “They’d much rather throw in closing costs or additional upgrade credits.”
To point you toward smart upgrade choices
Builders will offer you endless choices for finishes and upgrades, and it’s easy to get overwhelmed. A seasoned real estate agent can recommend the upgrades that will get you the most bang for your buck in resale value, suggest finishes that could be cheaper to do on your own, and help you avoid over-improving, which can jeopardize your appraisal before closing.
Despite the fact that a friendly sales representative will greet you with a smile the minute you walk through the door of the sales center, don’t forget that they work for the builder. Bring your own agent with you starting with your first visit.
Having a professional you trust by your side, you’ll rest easy knowing someone will there be to protect your money, your time, and your new home.
Wondering if new construction is right for you? Search new construction listings, and get more home-buying tips and resources that will help you decide. We are always available to assist you. Give us a call at 813-300-7116 or simply click here and we will be in touch.
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