Purchasing A New Construction Home
Purchasing a new construction home can be a daunting task, but with the help of an expert in new construction real estate, the process can be made much easier. As an experienced real estate agent and new construction homebuyer myself, I can assure you that using an agent when purchasing a new construction home is the best decision you can make. Not only will it save you money, time, stress and frustration, but it will also ensure that your best interests are protected throughout the process.
Why Use An Agent?
One of the main reasons to use an agent when purchasing a new construction home is that the builder typically pays the agent’s commission. Many buyers are not aware of this, and mistakenly believe that they will save money by not using an agent. However, the our commission is not taken out of the final price of the home, so the only real winner in this situation is the builder. Additionally, some builders are not agent-friendly and if you initially register without an agent, you may not be able to bring one in later. If you’d like to read another article on the benefits of using a real estate agent for new construction, check this article out by better.com. It will also let you know how to do it solo if your still not interested in using an agent.
New Construction Contracts and Legal Representation
Another important reason to use an agent is that new construction contracts can be hundreds of pages long and often contain verbiage that favors the builder. We have experience with many of these builder contracts and will be able to inform you of all of your rights and responsibilities, and will let you know when to bring in an attorney if necessary. Without an agent or attorney representation, you could inadvertently agree to some terrible terms.
New Assistance with Financing and Custom Features
In addition to reviewing contracts and representing your best interests, we can also assist with custom features and upgrades, financing options, and incentive programs with new home builders. We can also help you navigate the tricky process of financing new construction, as most homes take 10 months or longer to complete and mortgage lenders typically cannot lock in interest rates for longer than 90 days.
Local Area Knowledge
Furthermore, we have knowledge of the local area, the materials, and comparable builders in the area which can be a huge asset when making decisions and negotiating. We can help you analyze and go over information shown in soil surveys, blueprints, and floor plans to assist you with making an informed decision. We can also tell you if those granite countertops are overpriced or if other builders in the area are offering better financial incentives. As agents, we have the experience to know when and what they can and cannot ask for, and they know the timeline of the home construction and how to ensure that everything runs smoothly.
In conclusion, when purchasing a new construction home, it is wise to use an expert in new construction real estate such as us. We will save you money, time, stress, and frustration and ensure that your best interests are protected throughout the process. Don’t go it alone, let a professional guide you through the process and make your new home purchase a success. Give us a call or email today.