I'll Work With The Builder and Listing Agent | I'll Make A Score !

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Services for Real Estate Pros with RE/MAX Executive Realty 104763
https://activerain.com/droplet/55tm

 

                                          

 

If you were headed for divorce, would you consider using your spouse’s attorney to represent you? Of course not. So why would you consider using the listing agent of new construction to buy your new home?

 

 

Do you think the listing agent knows all of the details of the construction? Do you feel the direction you get from the listing agent would be to your benefit because of the agent’s close relationship to the builder? Do you think you’ll have the inside track with negotiating the best financial package with the builder by using his agent?

 

All of the previously asked questions have negative answers.  The answer is NO, and if your decision is to use the listing agent of new construction to make your purchase, get ready to lose. Not only will you pay top dollar, but you will buy as many upgrades as you can afford.  There will be no thought put into whether you will recoup that money when you sell. There will only be a strong sales pitch in favor of a hefty list of upgrades to make additional profit for the builder.

 

Securing the services of a buyer’s agent is extremely important when buying new construction, just as it is when buying a resale.  If the buyer’s agent is not familiar with the product, the information will be shared by the listing agent and both the buyer and the buyer’s agent will become educated. 

 

It’s the listing agent’s job to provide a clear understanding of what the product is and the costs associated with every upgrade.

There are builders who will not negotiate the list price of a new home because there are many more homes to sell. The price must not be discounted or future appraisals will have issues. The way to beat that scenario is to add upgrades to the full list price, rather than pay extra for them. The price stays the same for the builder, and the home has upgrades for the buyer without extra cost. It’s just as good as negotiating a deal on the list price.

 

Every buyer who refuses to secure the services of a buyer’s agent when buying a new home brings a smile to every builder’s face, not to mention the extra money in their bank account.

 

Buyers, what are you thinking, when you attend an open house and say you are not working with a buyer’s agent?  Even if you don’t have one at that time, indicate that you will be using one. Put the listing agent on notice that you will use a buyer’s agent, and then use one.  That’s the wise move to make, and most builders expect every buyer to have his/her own agent.

 

Just another thought for the moment….

 

Posted by

       

Barbara Todaro

Marketing Agent for The Todaro Team

308 W. Central St...suite E

Franklin, MA 02038

508-918-9148

Exclusive Marketing Agent for The Todaro Team

 

             Copyright © 2009 - 2019 Barbara Todaro

                               All Rights Reserved



 

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Rainmaker
407,786
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Good advice, Barbara Todaro . Having an agent working exclusively on one side of a transaction assures no conflict of interest.

Jun 28, 2017 04:35 PM #1
Rainmaker
5,028,720
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Lynnea Miller the clean deal is the only way to create a transaction.....everyone needs proper representation....

Jun 28, 2017 05:10 PM #2
Rainmaker
2,553,943
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

"If you were headed for divorce, would you consider using your spouse’s attorney to represent you? Of course not. So why would you consider using the listing agent of new construction to buy your new home?"  

I love that paragraph!

 

Jun 29, 2017 03:52 AM #3
Rainmaker
2,553,943
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

CONGRATULATIONS Barbara, on having this blog FEATURED in the Old Farts Club group!    

Jun 29, 2017 03:53 AM #4
Rainmaker
5,028,720
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Myrl Jeffcoat the end results of those scenarios would be identical.... 

and thanks for the feature in the Old Farts Club.... I love the name of that group!!!!

Jun 29, 2017 03:56 AM #5
Rainmaker
3,630,230
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Barbara. This is excellent and I love the divorce analogy too.

Jun 29, 2017 05:58 AM #6
Rainmaker
5,028,720
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

I thought it perfectly described the consequences of using the same agent Sheila Anderson 

Jun 29, 2017 06:11 AM #7
Ambassador
2,788,448
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Barbara - That's a very clear and convincing explanation for new home buyers who want to know what's really in their best interests.

Jun 29, 2017 10:36 AM #8
Rainmaker
5,028,720
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

more often than not, buyers of new construction feel very comfortable dealing directly with the listing agent ..... that's the agent who has all of the details.... but details must be shared with potential buyers and their agents..... they work with the listing agents to feel secure and they're putting themselves in jeaopardy...

Jun 29, 2017 10:40 AM #9
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Rainmaker
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Barbara Todaro

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