New Construction Homes - It is BEST to have Representation

Reblogger Gabe Sanders
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

You may be making a big mistake if you buy that new home directly from the builder's representative:

 

Original content by Joan Cox DRE# ER40011786

 

It is a known fact, anyone can walk into a New Home sales office, and buy a home.    You don't have to bring along a REALTOR to assist you - you can go it alone!   BUT, why would you, when representation is paid for by the Builder?   Let me explain a few reasons a Buyer SHOULD have representation to bring up some ideas - 

 

1.  The Sales Representative is very helpful, but when it comes down to it - they work for the Builder, NOT the Buyer.

 

2.  When something is or seems wrong, you are the only one to make any noise to HOPE the builder fixes your issues.   When you have representation, you have a REALTOR® community behind you.   It doesn't take long for bad news about a builder to spread in our cirles!

 

3.  Many times a Builder will offer incentives, but sometimes these options are not out in the open, and if you don't know to ask, you are missing out on some closing costs or upgrades paid for by the Builder.

 

4.   REALTORS® know the value of homes, and how would a potential buyer know the value without access to the MLS?   I recently showed some custom homes where there were NO comps without several miles to justify the price.

 

5.   Buyers get excited once looking at brand new homes.   All the beautiful finishes, knowing when they move in, that brand new smell, and no one has lived there before.    Did you pick the right lot?   Does it face North (here in Denver January can be miserable!)?    Does the lot back to open space or power lines/transformers?    When buying new construction you should always be thinking of resale value too.   When you build from a "dirt-start", you are able to go to the design center to pick your colors and options.    The builder won't discourage you to upgrade to the hilt, but will it appraise?   I have seen/heard of some Buyers that had a low appraisal, and had to bring extra money to closing to cover the shortage.    

 

6.  During the process of building the home home, there will be walk throughs provided by the Builder,   A REALTOR® will accompany a Buyer on all walk throughs and point out things of interest that the Buyer should know or be aware of.

 

A few years ago I had a potential Buyer ask why he needed me to buy a brand new home.   I met with him, and explained my value to his purchase, and I was with him when he decided to write on a brand new home.   During the process, the Builder had agreed to a couple of things the Buyer asked for, and a month prior to closing, these were still not addressed.   The VP of this Builder was at our closing because these items were NEVER addressed, but were in writing.    He got a check from the Builder at closing, due to being represented!   

 

If you have decided on a brand new home, and would like representation, call me.  I have assisted many Buyers over the years with their brand new home!

 

 

 

 

 

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House to Home, Inc.House to Home

GRI, CRS, CNE, e-Pro  

Broker/Owner

Joan@JoanCox.com

720-231-6373

 

Denver Real Estate

Homes for Sale in Denver

Neighborhoods in Denver

 
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Rainmaker
4,403,685
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for reblogging the post. I hope home buyers will read it and learn 

Feb 12, 2019 02:38 AM #1
Rainmaker
2,306,571
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I feel bad for those that put themselves at the mercy of the builder, they truly will never know what they are missing out on and will be perfectly happy thinking they got a good deal, haha.

Feb 12, 2019 05:45 AM #2
Rainmaker
3,924,420
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Gabe, thank you so much for the reblog, and buyers CAN go in and buy a brand new home without a REALTOR, but why would they - they are not paying for this representation!  

Feb 12, 2019 05:52 AM #3
Rainmaker
3,048,215
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

New construction is definetly not a "go it alone" kind of purchase.

Feb 12, 2019 06:35 AM #4
Rainmaker
1,156,101
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Gabe

I have done about 10 subdivisions through my carrier and sold about 30 homes in other various ones. After a while, I noticed there were way too many issues and always recommend inspections when buying a new subdivision home. 2 in 10 roofs had issues, there were termites in 2 and the home inspectors always found a long list of usually small items that were not properly installed. good repost. cheers cvc

Feb 12, 2019 08:28 AM #5
Rainmaker
5,065,960
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Gabe, for sharing this excellent reblog selection.

Feb 12, 2019 09:35 AM #6
Ambassador
2,944,744
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I use to stand outside a new home sales office and the agent inside would refer them to me. The Realtor on the inside did not feel comfortable handling both sides of the transaction. Thanks for the RE-blog Gabe Sanders 

Feb 12, 2019 01:17 PM #7
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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