The Advantages of Using a Realtor to Help You Purchase A New Construction Home
When purchasing a new construction home, many buyers assume they can handle the process directly with the builder, whether it’s a condominium or a single-family home. While the builder’s sales team guides you through the process, they represent the builder’s interests, not yours. This is where a realtor can make a significant difference. The advantages of using a realtor to purchase a new construction home are numerous, from expert negotiation skills to guidance through complex paperwork.
A realtor is educated in all aspects of a property transaction. The state must license them and voluntarily belong to the National Association of Realtors (NAR). Having someone with those qualifications represent you can save time, money, and stress. Here’s why:
A Realtor Represents YOUR Best Interests
A realtor representing you as the buyer in a new home development helps you navigate the complicated buying process. Your realtor will know what questions to ask about lot selection, inspection reports, HOA fees, and nearby amenities. New home developments are usually built on the outskirts of cities. For example, Cresswind Charlotte by Kolter Homes is only twenty-five minutes from the bustling city of Charlotte, North Carolina.
Expert Negotiation Skills
Did you know that many builders are in a position to negotiate on price and financing? The list price is based on current market conditions. The builder’s agent knows where the most margin is in each property. The builder’s relationship with lenders gives the builder’s agent many incentives to offer buyers. A buyer’s realtor knows how to work with a builder’s representative to help you secure incentives like reduced closing costs and favorable interest rates.
In-Depth Knowledge of the Market
Realtors can access comprehensive market data, including information about comparable developments, builder reputations, and community trends. A buyer’s agent can help you find alternative financing and give advice on selling your current home. This knowledge ensures you’re making an informed decision and getting the best deal possible.
Guidance Through the Complex Process
Purchasing a new home in a 55+ or all-ages community involves more than just picking a floor plan. The contract between the builder and yourself can include complex contingencies like timeline expectations, financing issues, market conditions, and inspections. Having a realtor represent you can help avoid pitfalls like delays or unexpected costs.
Access to Builder Reviews and Reputation
Not all builders are created equal. A realtor with the wisdom of working with various builders can provide insights into a builder’s reputation, quality of work, and customer service that you can’t find alone. This information is invaluable when choosing the right builder for your dream home in the perfect neighborhood.
Help with Upgrades and Customizations
Builders often upsell upgrades, but not all upgrades add value to your home. A realtor can help you decide which upgrades are worth the investment and which ones you can skip, saving you money in the long run.
No Cost to You
Here’s the best part: The builder has an “Outside Broker Policy,” and as long as it’s adhered to, they pay the buyer’s realtor’s commission. Since the builder pays the commission, you get expert representation at no additional cost. It’s a win-win situation!
Post-Purchase Support
Even after you move into your new home, your realtor can assist with any issues, such as warranty claims or builder disputes. They’re your advocate long after the sale is complete. They are also a good source when your friends and family want to buy or sell their homes. Many realtors nurture long-term relationships with their clients and value their regional reputation.
Ready to Buy Your Dream Retirement Home?
At Active Adult Living, we specialize in helping buyers find new home construction developments. Whether you’re looking for a home in a vibrant 55+ community or a luxury new build in a golf course community, our website is an excellent source of information. Explore our real estate services and get expert help from experienced agents.
