How a Real Estate Agent Can Help When Buying From a Builder
Q: Do I need to hire a real estate agent to represent me when I buy a new home from a Treasure Coast new home builder?
A: Legally, no. But if you donʼt, you might be missing out on some tangible benefits that impact your wallet and how much you get for your money. There are many reasons why an agent is a sound investment during the purchase process with a builder. While some of them can be quite complex (and go beyond the scope of this blog post), here are a few highlights:
Market Value Compared to Purchase Price: How much money are you going to be able to come out of pocket for your down payment? If you donʼt want a nasty surprise when it comes to disparities between your agreed-upon purchase price and the actual market value of the home, youʼll want an agent with access to information that will help you accurately assess the true value of that brand new home.
Negotiation Power: Real estate agents are professional negotiators, and often an agent can get more from a builder than you would on your own. While some might be related to purchase price, other perks may include property or home upgrades.
Financing: Itʼs probably no surprise that your builder will have preferred financing partners to work with. Many of those “partners” pay good money for the opportunity to handle your loan. But is it the best loan at the best rate? An agent can be both a sounding board for financing terms and a source for trusted alternatives.
Contract Expertise: While your real estate agent isnʼt an attorney, they know a great deal about the ins-and-outs of property contracts. This includes builderʼs contracts, which may have provisions that put you in the dicey territory should something unforeseen happen. Protect yourself with an agent.
These four reasons are a good place to start, but there are plenty more. The bottom line is: The builder will have their own system to maximize their profit and minimize their costs. Shouldnʼt you? Iʼm is more than happy to help you buy from a builder.
Eric Slifkin, Team Lead
Your local real estate expert
Are you seeking a home that suits your lifestyle, community, and neighborhood needs? With his team, Eric offers home buyers a turn-key approach to finding and purchasing real estate from the Treasure Coast to the Palm Beaches and beyond.
Contact us today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs, with no obligation.