DO I NEED MY OWN AGENT WHEN BUYING NEW CONSTRUCTION?

A common misconception when purchasing new construction is that you don't need an agent.

·          That friendly and helpful salesperson works for and represents the builder's interest and the builder's interest only. Shouldn't you have independent representation?

·          An agent can give you objective professional advice and insight during all phases of the process, such as contract, construction, walkthrough, and closing.

·          An agent is your exclusive advocate and will help you understand your contract and obligations including when to schedule construction inspections.

·          While the sale representative will always give the appearance that sales prices are non-negotiable, and experienced agent can use recent and historical sales data to aid in the negotiation.  Data that is not always readily available during new construction.

·          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 as most consumers are represented for the above reasons. When a buyer does not use a buyer's agent, the builder either pays their sales representative a higher commission or pockets the savings. I have dozens of examples of situations where my clients were better off having me on their side.  Once just the mention of a good faith estimate saved my client $4500 when buying new construction when the builder's in house loan have an unexpected charge.