There are many reasons to buy a new construction home, such as having the ability to customize finishes, choose special features, and live in a house where everything is brand new. But buying a new construction home should be treated like any other real estate transaction, and you should use a real estate agent throughout the process. There are many reasons to hire a real estate agent to represent you when buying a new construction home, such as:
No Cost To You
Many people do not realize that buyers do not pay a real estate agent's commission. In almost all cases, the seller covers the real estate agent's fees, and this is also true in new construction. Thus, hiring a real estate agent to help your with the new construction home buying process won't cost you any money out of your pocket.
Protect Your Interests
While the sales agents in a new construction community can be very helpful, it is important for you to remember that they are employed by the home builder. When it comes down to things like negotiating the price of the home or asking for concessions or discounted upgrades, you need a real estate agent who is solely representing your interests.
Many people have the belief that purchasing a new construction home is an easy and hassle-free process. In reality, when you buy new homes, it typically requires just as many documents and contracts as buying a home from a private seller. If you are not familiar with builder jargon or the language used in contracts, buying a new construction home can be confusing. When you hire a real estate agent to represent you, he or she will review all contracts and documents and ensure that you understand everything before you sign something that is legally binding.
Choosing the Right Lot
When a community is being built, it can be hard to imagine what it will look like when it is completed. You will need to choose your lot, but at the time of selection there is a good chance that all you will see is dirt. A real estate agent understands the importance of a lot and how it can add value to a home, and your agent can help you select the best lot for your needs. Your real estate agent can also point out issues with a lot that may make it harder to sell your home in the future, such as backing up to a loud and busy street or land that is going to be commercially developed.