Why a Buyer's Agent is important when purchasing New Construction

By
Real Estate Agent with RE/Max Homes & Estates, ABR,GRI, CDPE, SFR 296642

New ConstrutionIt is so fun to walk into a model home with its

shimmer and gleam of new, its designer picked

accents and upgrades and designer staged furniture.  After all, how hard can this process of

buying a new home be????!  The on site agent is

so nice and friendly, and helpful.  Why would I need an agent to represent me?   This thought process is pretty typical.  More often then not when someone buys a new construction home without an agent to represent them-the buyer,

the regret and remorse eventually sets in.  They soon find out that the nice friendly, helpful agent represents the builder.  Building a home can be stressful and when problems occur, and they will, there is no one to be their advocate.  The stress can become overwhelming at times to the buyer as they don't know who to turn to.   What happens at the  end of the build, and how do they get the house inspected or their small punch list items resolved?  The agent that was so nice and friendly at the beginning is no longer helping them in this part of the process.

With all the upgrades and price increases they are now wondering if they couldn't have done better if they had some one negotiating on their behalf.????

These are the scenarios happen every year.   I am at their house to re-list it because now they have to move, and  they were satisfied with their blue tape walk through and the codes inspection but failed to get their own personal inspection.  The buyers for their home they are selling do an inspection and low and behold some major items come up that are now out of warranty that should have been discovered when they purchased.

Or just last week, I was at someone’s house that has always used me as their realtor. This time around they were buying a new construction, and went with the listing agent. Not only did they tell me of their troubles through the process, but they over paid for the house. When they showed me all they paid extra for when I knew I could have gotten many of the items negotiated into the deal, it broke my heart. I also know when I sell this house they will not be able to get their money back based on how much they over paid.

Having an advocate on your behalf takes out so much stress and costs you nothing. It is misunderstood that if you don’t have an agent you will save money. The listing agent only gets a higher commission on the property. The listing agent loves it, but you have no one that represents you.

Think twice about buying unrepresented. Find someone who can be an advocate and represent your interests.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Tennessee Davidson County
Groups:
Christianity and Real Estate

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
575,477
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

I think it's important to have your own representation under almost every circumstance, Maria Holland 

Mar 05, 2017 03:22 PM #1
Rainmaker
300,390
Jim Paulson
Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID
Owner,Broker

Great post.  I have closed brand new homes with 62 different builders in the Boise, Idaho area and each builder does things differently.  Very seldom is it in the buyer's best interest to work with an onsite agent that only represents one builder since that agent can't afford to upset that builder and get fired.

Mar 05, 2017 04:53 PM #2
Rainmaker
3,985,224
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

REally it comes down to representation and having someone on the buyers side in the transaction.

Mar 05, 2017 05:08 PM #3
Rainer
507,122
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

New construction needs a buyers agent.  Inspections should be done.  Recently sold one and the inspection showed many issues.  Thank Goodness we had one.

Mar 05, 2017 05:34 PM #4
Rainer
3,250
Nick Fischer
Keller Williams Realty Elk Grove - Elk Grove, CA
Realtor Keller Williams- Elk Grove

Some do not really know who the Agent at the desk is an advocate for. I agree having a Realtor on your side when purchasing a new construction home is a must!

Mar 06, 2017 09:22 AM #5
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
433,985

Maria Holland

Realtor, ABR, GRI, CDPE, SFR
Ask me a question
*
*
*
*
Spam prevention