Realtors and Home Builders Working Together

By
Managing Real Estate Broker with SI Real Estate Tampa

New home sales are an integral segment of the continual stabilization of the real estate industry, especially in recent years, and the relationships between home builders and Realtors are allowing for the increased volume of sales.

 

E.J. Atchner, Senior Vice President of Bank of America, notes that ‘many builders, regardless of their size, are taking a much more collaborative view of partnering with Realtors than in the past.’ An incredible 66% of all new homes sold in 2013 were original prospects of Realtors that were introduced to home builders, according to the National Association of Realtors’ 2013 Buyer Profile Survey, and 88% of potential homebuyers said they will contact a Realtor to assist them through each step of the buying process. The regional marketplace expertise possessed by many Realtors provides clients with an added sense of comfort and security through the memorable, milestone purchase in becoming a homeowner. Many clients of Realtors are eager, willing, and able to make a purchase of a new home, and a Realtor with strong relationships with home builders is able to offer clients exactly what they are looking for.

 

With everything available for buyers in new home purchases like FHA and VA financing, it is often a much more attractive offering.  Many builders also offer to cover a significant amount of closing costs.  

 

In a recent article from Florida Realtors, a report showed that FHA’s Mutual Mortgage Insurance Fund enlarged by $15 billion in the last year, moving closer to its optimum operational capacity. The president of the National Association of Realtors, Steve Brown, states that ‘[they] will continue [their] work with FHA to help make the dream of homeownership a reality for millions more Americans.’

 

SI Real Estate is proud of the wonderful relationships we have made with home builders including Lennar, D.R. Horton, Pulte, Beazer, and Standard Pacific over the last several years. A simple visit with a box of bagels and a smile has proven to create mutually beneficial relationships with home builders, and allowed for the sales of new homes to take place on many occasions. All parties involved understand that buyers gain a sense of security in working with an experienced Realtor, and that home builders can offer them a stunning new home designed specifically to meet their needs.  Homeownership in an incredible achievement, and we are all in this together to make it possible for our clients.

Comments (3)

Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

A very interesting post...in my recreational/discretionary region, all construction is a custom build...no spec building at all.  

Dec 20, 2013 02:29 AM
Andre R. Aragon
Greater Tampa Real Estate Photographer - Tampa, FL
Real Estate Photographer

Hi Nibal - I love new construction in all of it's phases. I agree that it is important to develop relationships with builders, and architects as well. There are many benefits that can come from these relationships.

Dec 23, 2013 08:01 PM
Nibal Elsaadi
SI Real Estate Tampa - Tampa, FL

Thank you Li,

In our relationships with builders, we are able to offer clients a range of options to best meet their needs and desires. Not all builders create custom jobs, but they do their best to make sure clients receive all components of a "dream home."

Andre, 

We also love new construction. The relationships we have created have indeed provided countless benefits for our company and clients. Thank you very much for your comment, and we wish you a very Happy Holiday season.

Dec 24, 2013 01:17 AM