Important Things To Consider When Buying New Construction

Important Things To Consider When Buying New Construction

Do I Need a Buyer’s Agent for New Construction?

house-under-construction-picture-showing-wooden-framing-for-two-storey-homeHome buyers are often confused as to whether they need to use a buyers’ agent if they are purchasing new construction. They walk into the beautifuly decorated model, and there is a friendly salesperson there who often seems very eager to help. While it may be true that they would love to help you purchase and/or build a home in their development, the agent on site is an agent of the seller, so is not necessarily going to work in your best interest.

Utilizing a buyers’ agent does not cost you anything, and it can be very helpful to have someone on your side during what can be a very stressful process! Here are some of the reasons to use your own agent:

– An agent can give you objective professional advice and insight during all phases of the process, such as contract, construction, walkthrough, and closing. A good agent will do a comparative market analysis for the neighborhood, letting you know what other, similar homes have sold for. The on-site agent may give the impression that prices are non-negotiable but this is not always the case.

– An agent will help you understand your contract  (and builders’ contracts can be long- and are often heavily slanted toward the builder) and obligations including when to schedule construction inspections. An agent will ofteh help you find a good, independent home inspector and attend those inspections. Just because a home is new does not mean that it will not have problems! Getting an inspection done means those issues can be addressed before closing.

– An agent has knowledge of and can leverage contracts, real estate law and the real estate community when things go awry with the builder. AND THEY CAN AND OFTEN DO.

– A buyer’s agent costs you nothing as the builder has allocated a sales commission to be paid to a buyer’s agent When a buyer does not use a buyer’s agent, the builder either pays their sales representative a higher commission or pockets the savings.

Beth Gaffer hs sold many new construction homes in her years as a real estate broker. Please give her a call at (864)214-6247 with any questions related to new construction or real estate in general anywhere in Greenville, Mauldin, Simpsonville, Greer, Easley, Fountin Inn, or Travelers Rest.

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Phone: 919-271-1833
Dated: October 20th 2016
Views: 438
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