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New Build and Why I need a Realtor?

By
Real Estate Agent with Nicholson and Company

Why you should use a realtor for previously owned homes:

  • A realtor is able to provide information on all homes for sale in the market! This includes for sale by owner homes and new homes!
  • A realtor will help you validate listing information and market values.
  • A realtor will prepare, and submit your offer with your best interest in mind.
  • A realtor will coordinate the closing process from contract to closing, creating a much less stressful event for you.

Using a realtor costs you nothing!

Know these important facts
before signing a contract!

Most builders hire on-site sales people to provide general information, copies of floor plans, dimension, and price sheets. These people work directly for the Builder, and that is where their loyalty lies and to whom they owe their fiduciary responsibility! If the Buyer is not represented by a Realtor, the on-site builder's representative will provide you with information about the builder, the community and the homes being offered. If you are represented by a Realtor they can provide valuable information on similar homes in the area, their market value, and financing alternatives! There are many choices you must make before contracting to purchase a new home. These choices can affect the sales price and re-sale value of your home. A Realtor owes their fiduciary responsibility to you.

Upgrades

Builders will usually start with a base price. This price is for the home with only standard features, and does not include upgrades. Every builder's standard features are different, so be sure to ask for a list! Your Realtor will help you compare the standard features of different builders. Items such as fireplaces, decks, windows, appliance upgrades, and floor coverings will be included among these choices. Some options are good values, but others can be purchased at better prices at a retail store. These options can add quite a bit to the base price. Many require payment in advance and can be non-refundable, so it is important to understand your choices!

Elevations

Each model will have several elevations. An elevation is basically the appearance of the front of your home from the street. It can include everything from exterior finish (wood, vinyl, brick, or stucco) to different rooflines to covered front porches and other architectural accents. For all upgrades, including elevations, your Realtor will provide you with the benefit of their experience as to whether those upgrades will help in the re-sale value of your home.