First Time Buyers: Not Using A REALTOR®? You May Wish to Reconsider...

Written by:
Darleen McCullen, REALTOR®, Broker
Keller Williams Realty
Phone: 919.454.8864
Email: darleen@darleenmc.com  

 

Under ConstructionI see it all too often when I walk into the model at a new construction site ... Trusting Potential First-time Home Buyers who are not represented by a Buyer's Agent.

Inside my head, I'm screaming, "Run away from the on-site agent. S/he is working for the Builder and NOT you. The on-site agent may/may not be a licensed real estate agent!"

Don't get me wrong - I have nothing against on-site agents - and as a real estate agent, they treat me quite well. However, I, too, was once a First-time Buyer, and back then, I wish I had someone to look out for me. Sometimes, you don't know, what you don't know - until it's too late!

Once I became licensed, I was determined to do everything I could to help Buyers (and Sellers, too!) to navigate through the complicated process of buying and selling real estate.

Again...The on-site agent is there to represent the Builder's interest - and not the Buyer's. In other words, although they are quite nice and are very accommodating, at the end of the day, they work for the Seller.

And in North Carolina, the on-site agent who works for the Builder as an employee does not have to be licensed! Say WHAT?? (Many are, but it's not required.)

When I was a first-time Buyer all those years ago, I didn't realize that the onsite agent only worked for one person: The Builder.

I also didn't realize that Buyers usually will NOT get a better price on the home without using a REALTOR®. So why NOT hire one to represent you? (The best part: the Builder will usually pay the REALTOR® fees - although you get to choose with whom you'd like to work.) Sweet deal, huh? You choose but someone else pays!

Why Use Your Own Real Estate Agent for New Construction?

REALTORS® have gone through rigorous training before and after licensing - and have the ability to help you better understand the complicated paperwork you're signing.

After all, this may be the single largest purchase you'll ever make in this lifetime. Shouldn't you have a professional on your side?

Think about it this way: You've been trained well to perform your chosen profession- and chances are, unless a real estate agent had the same training and experience as you, we would not understand the intricate details of how you make a living. The same goes for real estate.

A good REALTOR® is continuously going through trainingand updating his/her marketplace knowledge. For instance, in 2007, I attended approximately 80 hours worth of seminars and training - although the Real Estate Commission only requires that agents go through 8 hours to maintain a license. (That's 10 times the amount of knowledge I gained vs. what's required to renew my license.)

Wouldn't you love to benefit from all the knowledge and experience I have about this business? Call me.

Darleen McCullen, REALTOR®, Broker
Keller Williams Realty
Phone: 919.454.8864

Email:
darleen@darleenmc.com
Website: www.darleenmc.com

Photos courtesy of RealEstateClipArt.com

Disclaimer: Opinions expressed by those who are part of the ActiveRain community, including those providing comments relating to this blog, are their opinions and their alone - and do NOT reflect the opinions of Darleen McCullen and Keller Williams RealtyDarleen McCullen and Keller Williams Realty are not responsible for the accuracy (or lack thereof) or content provided by others.

 
This post has been included in North Carolina Information Wake County, NC Information Raleigh, NC Information
Post is included in group: North Carolina Real Estate
Post is included in group: Realtors®
Post is included in group: 1st Time Buyers
Post is included in group: Posts to Localism

15 Comments on First Time Buyers: Not Using A REALTOR®? You May Wish to Reconsider...

Darleen,
As usual, you have written a post full of good advice for the Consumer.  I am sure some of these things will open people's eyes.  Good job.

01/15/2008 07:45 AM by Cynthia Tilghman, Realtor® Onslow County NC Home Specialist (Kingsbridge Realty, Inc)


Darleen!  GREAT POINT!  In fact most of the "box builders" will not allow their on sites to be licensed!   Yikes!

01/15/2008 08:47 AM by Eleanor Thorne, Cary Mortgage Loans (Meridian Residential)


Excellent advice for buyers. Especially for first-time homebuyers who usually need to be walked through the homebuying process.

01/15/2008 09:12 AM by DDR Realty, Orange County, NY


Cynthia ~ Thanks for the compliment. I do what I can do educate the consumer. I only wish I knew then what I know now!

Eleanor ~ I wonder why some builders don't want their agents to be licensed? I really wish that there was a law to protect consumers - or at least disclose to consumers that these folks aren't all licensed.

Derrick ~ Thanks. Most folks only purchase a few homes in their lifetime so why not work with an agent who is knowledgeable - and who can represent their interests?

01/15/2008 02:56 PM by Darleen McCullen, Broker-Raleigh, NC Real Estate (Keller Williams Realty - www.darleenmc.com)


Darleen:

You have done a great job of capturing my sentiments on this topic. That's why I am a subscriber to your blog. When it comes to QUALITY and not blogging for points, you are one of the best AR bloggers.

I have a feeling that you will become a monthly Guest Contributor to my outside blog. Thanks for sharing your wealth of knowledge with me and the AR Community.

01/18/2008 10:36 AM by Columbia South Carolina Real Estate David Patterson (Keller Williams Realty)


Darleen, all excellent points in the area of new construction on why to be fully represented as a buyer with a Realtor. The Marketing fee for the Realtor is almost ALWAYS included in the price of the house.

01/18/2008 10:14 PM by Gary Woltal - REALTOR® Dallas Ft. Worth (Keller Williams Realty)


David~ Thank you so much for your compliment! And thank you for subscribing to my blog. I try my best to provide quality in my blogs because I sincerely want to help folks navigate through the complicated maze of buying and selling property.

Also, thank you for asking me to be a Guest Contributor on your outside blog. I am truly honored that you think so highly of my posts!

01/19/2008 03:10 PM by Darleen McCullen, Broker-Raleigh, NC Real Estate (Keller Williams Realty - www.darleenmc.com)


Gary ~ Hi. You make an excellent point. We must continue educating the general public about our value to them.

01/19/2008 03:13 PM by Darleen McCullen, Broker-Raleigh, NC Real Estate (Keller Williams Realty - www.darleenmc.com)


Kevin, Monica, and Michael ~ Thank you so much for stopping by and for commenting on my post.

02/06/2008 05:39 PM by Darleen McCullen, Broker-Raleigh, NC Real Estate (Keller Williams Realty - www.darleenmc.com)


Nice info Darleen, that's telling it like it is.

03/08/2008 06:50 PM by Georgina Hunter Maui Realtor (Jim Sanders Realty Inc. - Maui)


I am seeing a few possible sellers who got a less than favorable deal when they bought from the builder a couple of years ago.  You guessed it, no agent.

03/08/2008 09:01 PM by Randy L. Prothero - Hawaii REALTOR® (Century 21 Liberty Homes)


Randy ~ With the downturn in the housing market, this is a great opporutunity of us as REALTORS® to show our value to buyers, as well as sellers.

03/08/2008 10:59 PM by Darleen McCullen, Broker-Raleigh, NC Real Estate (Keller Williams Realty - www.darleenmc.com)


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Real Estate Agent: Darleen McCullen, Broker-Raleigh, NC Real Estate (Keller Williams Realty - www.darleenmc.com)
Darleen McCullen, Broker-Raleigh, NC Real Estate
Raleigh, NC
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Keller Williams Realty - www.darleenmc.com

Cell Phone: (919) 454-8864
Email Me
Your "REALTOR® on a Mission...NOT Just Seeking a Commission™!"

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