Special offer

Thinking about purchasing New Construction? You need your own agent!!!

By
Industry Observer with No longer practicing real estate as of 2008.

Sure you're thinking "Why do I need an agent? I'll just use the agent or sales consultant at the New Construction office."

Well....you better reconsider that option!!

That agent or sales consultant works for the builder.  So who do you think that agent or sales consultant really represents? Let me give you a hint....not you!  Those agents are going to have the builders best interest at hand, not yours.

Commissions are paid for by the seller (the builder). You save no money by going directly through the builder without an agent. Commissions are already built into the price of the home automatically. They do not reduce the price of the home because you didn't bring an agent with you and they can not rebate that money back to you because you aren't licensed. So you see....it costs you nothing, yet by using your own agent instead of the builders, you will have full representation.

Did you know that you also waive all of your rights for representation as soon as you sign the initial paperwork without a buyers agent present?

If you are out and about "just looking" and sign in, but fail to produce your agent the first time you sign in....means you probably just waived your right for Representation. Most builders will only pay your agents commission only if your agent is with you the first time you sign in! This is why it is important that you take your agent with you any time you are "just looking" at New Construction. Resist the urge to "just go take a quick look" at a development if your agent is not present with you...or it could cost you the chance to be represented. Many builders will try to "lock you in" by having you register as soon as you visit their sales office. Do not sign anything! Do not give them even so much as your last name, (or they may attempt to register for you) unless your agent is present with you!

By using your own agent, you will have someone there for you to negotiate the price, terms or upgrades for you. Someone to follow up on the progress of the building of the home and make sure they are building what they promised you and someone representing you at NO CHARGE!

Using the builder's agent is like asking a prosecuting attorney to also defend you.....in the same court case!

*The above information is Copyright © 2007 Becky Troutt and may not be copied, reproduced, distributed, transmitted, displayed or published.  All rights reserved.  Plagiarism will be detected and is punishable by law.

Comments (3)

Cyndee Haydon
Charles Rutenberg Realty - Clearwater, FL
727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes
Becky - great post - you are right! Thanks for educating local buyers - that's a common myth - not needing a realtor for new construction. Hope we can meet sometime!
Jun 12, 2007 04:37 PM
Anonymous
Hap Parsons: The Parsons Group, LLC ~ Serving Northern Virginia

Becky - thanks for the post! I've tried to educate the many clients that come to us via the web and since you don't have a personal relationship it's tough to get this point across.  This post is excellent information.

Jun 13, 2007 04:19 AM
#2
Becky Troutt
No longer practicing real estate as of 2008. - Bradenton, FL

Thanks Cyndee & Hap,

I think many people are still under the false impression that if they go through the builder themselves without using another agent that they will save money or get a better deal.  And this just isn't the case.

Lunch sometime would be great Cyndee!

Jun 13, 2007 04:35 AM