New Construction... Reasons to use a Buyer's Agent
I worked in new construction sales for more than 2 years before starting my career as a general brokerage agent. In my experience, approximately 75% of new home buyers bought their home directly from the builder, without Buyer Agent representaion. Why do you think this is? I think one of the main reasons is that buyers think they will get a better deal if they don't use a Buyer's Agent.
Builders and builder's agents can be very friendly, however they are working in the best interest of the seller. But who is representing buyer? I'm not sure how many new construction buyers are actually aware of this fact.
I've been making a list of the reasons why buyers of new construction homes should have Buyer's Agent representation. Here a few of my ideas:
* First of all, Buyer Agency representation is FREE to the buyer. The commission is paid by the seller and is already included in the price of the home.
* Buyer's Agents negotiate on the buyer's behalf. Buyers shouldn't believe the myth that the price of new construction homes is NEVER negotiable, because in many cases it is. Even if the builder won't reduce the price, they may include additional upgrades at the same price.
* Buyer's Agents can provide buyers with a Comparative Market Analysis of similar homes recently sold in the neighborhood where they are interested.
* Buyer's Agents can provide advice on how your lot choice may affect future resale value and help you make the best building lot decision.
Do you have other reasons why buyers of new construction should use a Buyer's Agent? I look forward to hearing your ideas.
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