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Buyers agents ! It is not enough to just register your buyers at new construction if you want to help them.

By
Real Estate Agent with RE/MAX Centre Realtors

Buyers should be told that the sales agent at new construction represents the builder.When prospective buyers tour the model homes the agent may be busy with other customers and may just hand over a brochure .

It is good to have your agent who will tour the home with you and point out the upgrades and lots available etc.

Builders in our area require the agent to accompany the buyer but after the initial appointment buyers can go on their own and sign the purchase  agreement .

I like to go with buyers when they decide they want to sign an agreement of sale because buyers often do not know what items in the model home are upgrades. I go over the entire home and ask them what items they want in the home and point out what would be upgrades so they can ask the agent what it will cost.

If they want to make changes to the floor plan I am there when they discuss it. I get to know my clients well and know their needs. I point out the best lots available and drawbacks of some lots from point of view of their enjoyment as well as resale.

I had buyers who were about to sign a contract on a home based on the sketch in the brochure as there was no model that was built as yet. I pointed out that it did not have a two story foyer like the other model that was built as this was a different style home. If I were not there, the buyers would have signes an agreement for a home they did not like.

It is not the builder' agent's fault. They give out the brochures and buyers are supposed to understand it from the floor plans .

If you are looking to buy new construction in Bucks or Montgomery county call Gita Bantwal at Re/Max Centre 2153438200x124

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When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

IF YOU WOULD LIKE TO SUBSCRIBE TO MY BLOG         CLICK HERE   OR EMAIL ME AT Gita01@aol.com

 

Roger Newton
Roger Newton Real Estate - North Plains, OR

One of the problems is that many buyers agents want the easy way out.  They figure that the builders agent can do the work, and the "buyers" agent gets the check.

I have had buyers agents ask me to show my listing to their client.  What sense does that make?

Aug 25, 2012 02:07 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Looks to me like you take good care of your buyers - and save them from making expensive mistakes. If only all buyers had agents like you...

Aug 25, 2012 02:09 AM
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker
This has been a very informative blog because I haven't done new construction sales/ buying here in Del Norte County CA. There is so little of it.
Aug 25, 2012 02:17 AM
Joe LaVallie
HomeStreet Bank - Mountlake Terrace, WA
111363

I believe that buyers need that extra help when purchasing new construction. Good for you for helping buyers and making sure they understand what they are buying.

Aug 25, 2012 04:01 AM
Susan Isaacs | DC Real Estate Consultant
Compass | 1313 14th St NW DC 20005 - Washington, DC
Partnering with: DOMOofCompass

Gita, really hard to imagine buyers signing a builder contract without expert advice, but they do it all of the time. I used to be a builder rep and I can testify that it's a huge mistake to buy new construction without a new construction-experienced agent. Thanks for the reminder!

Aug 25, 2012 04:04 AM
Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

I always go with the buyers, I need to represent them if I feel worthy of getting paid.

Aug 25, 2012 04:11 AM
The Keith Kropp and Wayne Rogers Team
Michael Saunders & Company - Sarasota, FL
Nowhere But Here

Thanks for writing this, Gita.  I worked for new home builders for 15 years before I transitioned into general real estate.  When working with a builder I always valued the support of my Realtor friends. Now working as a Realtor for the last 13 years I always appreciate the builer's representative.  They understand our role and welcome us into the equation.  It can be a mutually beneficial relationship for the buyer, the builder and both of us.

Aug 25, 2012 06:15 AM
Bob & Carolin Benjamin
Benjamin Realty LLC - Gold Canyon, AZ
East Phoenix Arizona Homes

The rep in the sales model office only represents the builder/seller -- buyers often do not understand this.

Aug 25, 2012 07:55 AM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Gita,  This is an important message for buyers.  Thank you for this post!

Aug 25, 2012 08:24 AM
EMILIA B COOPER, REALTOR® SFR.NCHSE.AHWD
LAROSA REALTY - Orlando, FL
Short Sales, Foreclosure & Bank Owned Real Estate

Gita well said, thank you for sharing!!

Aug 25, 2012 12:23 PM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Very important points, Gita, and rarely addressed. Thank you.

Aug 26, 2012 12:35 AM
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

I always struggle with this.  i hate it that the builders take over my client.  I warn them and stick with them as much as possible.

Aug 26, 2012 01:35 PM
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Gene:  It all depends on your relationship with that individual builder's on-site rep.  Also... I try whenever possible to match both my way of doing things, and my buyer's way... with that of the on-site rep... so there will be as little personality conflict as possible.  It is important that the buyer feel at ease.

Aug 26, 2012 02:43 PM
Dora Griffin
D A Griffin Financial.LLC - Fort Thomas, KY
NMLS 6380

There are many aspects of working with buyers purchasing new construction. Your point about the builder's agent representing the builder is the most important point! A good reminder also is that when they are steering the buyer to the builder's owned lender and builder's owned title company extra due diligence is required. I am a firm believer that the builder is NOT usually giving the buyer the best loan.

Aug 27, 2012 01:47 AM
Nan Jester
Exit Real Estate Gallery Jacksonville Beach, FL - Jacksonville Beach, FL
Realtor, Exit Real Estate Gallery

I was a site agent for many years. Not all agents are created equally so if you know your customers and want to really protect them, I suggest you be there the whole time.

Aug 27, 2012 02:22 AM
Arizona Home Group RE/MAX Excalibur
The Arizona Home Group - Scottsdale, AZ

Excellent post! I always go with my clients to explain the process but also make sure they hire an outside inspector before closing to come up with a punch list as it has been my experience that most new builds have more things that need fixed or tweaked than re-sales so it's invaluable to get an inspection done by someone not affliated with the builder. Another thing is to reveiw all the paperwork and keep on the builder to make sure they are meeting the timeline. Good luck!!

Aug 27, 2012 04:35 AM
Tina Maraj
RE/MAX One - Fullerton, CA
Celebrating 30 Years of Real Estate Sales

HI Gita,

Buyers Agents! HA. Too many "real estate license holders" think they are buyers agents when they do nothing to protect their buyers!

Aug 28, 2012 01:46 AM
Wayne B. Pruner
Oregon First - Tigard, OR
Tigard Oregon Homes for Sale, Realtor, GRI

This is good advice. I hear from a lot of people they did not get what they expected with their new construction.

Nov 19, 2012 01:20 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Michael, I agree. First time buyers may not know anything about the buying process.

Bob, I agree.

Roger, I do not mind showing my listings if the agent cannot show it. 

Marte, thank you.

Hella, I hope there will be more new construction in your area.

Nov 19, 2012 07:37 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Joe, Builders use their own forms and buyers may not be aware of some of their rules.

Susa, I hope buyers will read your comments.

karen, You are a good buyer agent.

Nov 19, 2012 07:40 PM