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Why you Need a REALTOR When Buying a Brand New Home

By
Real Estate Broker/Owner with House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786

Can you walk into a new development and buy a home, of course.    Will it be an easy way to buy a home?    May or may not be, read on!

The sales representative will be very helpful in answering all of your questions and concerns - but they work for the BUILDER!    Who is protecting your best interests?

 

~ Buying a brand new home is exciting.  The ability to choose your favorite floor plan, and personalize your interior decor by selecting the colors, options, and features that suit your needs and wants can be a satisfying experience that enhances your enjoyment of living in a beautiful new space you designed.

~Buying a home is a complex process and is probably the most expensive transaction an individual will ever make.   All home transactions have serious financial obligations that you'll be expected to fulfill per the terms of the contract or face financial implications if you don't.

~ Because you don't purchase a home very often, you won't have the experience to recognize nuances in a contract.  That's why it's a good idea to find a licensed real estate professional to help you navigate the complexities involved in the home buying process.

~ Your licensed real estate agent WORKS FOR YOU.  When you engage a licensed real estate agent, they have a fiduciary responsibility to work for you in your best interest.  They will use their expertise to help you comprehend the intricacies of your new home transaction.

~ Buying a new home requires planning ahead.  choosing to engage a licensed real estate professional before you start your new home search is one of the smartest choices you can make to protect yourself in a legally binding transaction.  A knowledgeable agent can recommend the best Builders and explain the steps you'll need to take to make a new home transaction easy and fun.

~ Your real estate agent can sell your current home.  If you own a home now, you may need to sell your current home to have the funds to purchase a new home.   The Builder may require this done within30-60 days of contracting so you are non-contingent.

~ Your real estate agent can guide you through the lending process.   Often times the Builder will offer incentives which may include closing costs paid but need to shop lenders to be sure you aren't paying a high-interest rate for the home for these closing costs.

~ Your real estate agent is a liaison between you and the Builder.   Because your agent works on your behalf, they will ensure that you and the Builder are following the terms of the contract.  If a situation comes up, your agent will work for you to attain a favorable solution.

~ Your real estate agent can recommend resources you might need during the new home transaction.   Home inspectors, structural engineers, handyman services, and other vendors will be helpful in your transaction.

~ Selecting options for your dream home can be fun.  when choosing options to enrich living in your new home, are you also thinking forward to the time when you may need or want to sell?   Your real estate professional uses their experience to advise you about options that you'll enjoy and make your home more appealing to buyers down the road.

 

Plan to be the smart homebuyer by hiring a licensed real estate professional to protect your interests when making a major purchase you only do a few times in your life.   You will be glad you did!

 

 

Posted by

Joan Cox
Broker/Owner, REALTOR®
House to Home, Inc.

Serving the Denver Metro area including all suburbs


Helping Buyers and Sellers achieve their real estate dreams, one house at a time!

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Comments (14)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Joan... I've got a listing under contract right now where the seller built the home without assistance of an agent. Two major issues arose that would not have if she'd been represented by an agent when she built. Fortunately one is covered by the structural warranty, but the other cost her $1,500.

Jun 07, 2022 05:38 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Joan - it is important and most people don't realize.  They just walk into a home center a rep takes all of their information.  Don't go in first.

Jun 07, 2022 05:41 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The buyers that I have represented on a new build home have always gotten more from the builder than someone that was not represented.  Anytime that I hear someone that is not represented complain about their building process, I ask them why they were not represented.

Jun 07, 2022 05:45 AM
Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
The Grit and Gratitude Agent

Agreed and I still do not understand how a REALTOR(r) can ignore the Code of Ethics specific to customers and other real estate agents.

This reminds me of these two words "Buyer Beware."

Jun 07, 2022 07:13 AM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

This is an excellent post with great information. Thanks for sharing it.

Have a super fantastic week!
Joe Jackson, Realtor-KWCP

Jun 07, 2022 07:18 AM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

It can be tricky to purchase a new home.  My sister bought one about a year ago and there were so many complications.  She would have loved to have a Realtor on her side.

Jun 07, 2022 07:44 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina Hollander, Broker that is a sad story, but at least it wasn't THOUSANDS.

Jun 07, 2022 08:01 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Grant, and now the builders are denying representation if the buyers go without us first.

Jun 07, 2022 08:01 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Brian England I think it is the public does not know how this works, and go in by themselves.

Jun 07, 2022 08:02 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

SO TRUE Leanne.

Jun 07, 2022 08:02 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thanks Joe.

Jun 07, 2022 08:03 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ray, you should have referred a REALTOR to your sister!  

Jun 07, 2022 08:03 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

My inspectors find way more wrong with brand new homes then we ever find with resale...yes...get a REALTOR ASAP when buying new!

Jun 07, 2022 09:49 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeff, that happens here too! 

Jun 07, 2022 02:48 PM