While you'll want to use a real estate agent when you're looking to buy a home that is already standing, you might waver if you have your sights set on a new construction. This term describes buying a residence and lot that are currently empty, but that will soon be developed.
If you meet with a sales rep from the builder, he or she may advocate dealing with the builder directly, but this isn't in your best interest. Instead, you should plan to recruit a real estate agent—ideally one who specializes in new construction—and have him or her represent you. Here's some value that the agent can provide.
They Can Negotiate the Purchase
Without an agent on your side, you might simply look at the available lots and prices and choose one that suits you. What you might not know, though, is that there's some wiggle room here. An agent is skilled in negotiation tactics, and he or she may be able to get you a deal so that you're paying less for the new construction than your future neighbors are for theirs.
Additionally, agents who specialize in this form of real estate know what tricks builders keep up their sleeves. For example, they might withhold a corner lot until the subdivision is developed, and then sell the lot for more money. An agent will dig around to ensure that you can get the exact lot you want.
They Can Share Experiences About Builders
If you select a real estate agent who specializes in helping buyers looking for new construction properties, he or she will likely know a considerable amount about different builders in the area. Your agent will be able to steer you toward certain builders, even if they're not those that you've considered, because of their reputation. New construction homes are often sold with warranties, and your agent will likely know what issues homeowners encounter and how professionally each builder deals with these claims.
They Can Steer You Toward a Certain Area
You might have your sights set on a new construction property in a certain soon-to-be subdivision, but it's important to keep an open mind when you meet with your realtor. His or her knowledge of the area means that your agent may advocate looking for a new construction property elsewhere in the city. Even if it's something that seems less than ideal for you, you should listen with an open mind. Perhaps there's more value to be had in this particular area, and your money will go further in getting you the home that you want.
Hi, my name is Jessica Williams. Thanks for stopping by my website. I have moved a number of times and in three cases I have had to sell a house. The first time I sold a house I listed it with a real estate agent. The second time I did it myself. The third time I listed with a realtor. You can probably ascertain from this information that I found listing with an agent the better route. I managed to sell my house by owner that one time, but never again. There is too much involved and too great a risk for errors. There’s a bunch of paperwork and preparation that goes into selling a house, more then I imagined. My goal here is to share my experiences with you. My hope is to make your experience as pleasant as possible.