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Rainmaker
4,752,367
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Daniel Lloyd I've listed and sold 40 subdivisions and over a thousand new homes.... it's a specialty.... you need to know methods and materials.... you need to know what you're showing and often with only a plan in front of you....that means you need to know how to read a plan.... I made sure I knew drafting; the building code; and how to cost out a home by the board measure.... you need to know what you're doing or you could easily be sitting in a courtroom at some point... 

Nov 07, 2018 10:38 AM
Ambassador
2,335,473
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  When you represent a home buyer:    

 Get an independent home inspection, even for new construction.  Builders and subs make mistakes.   

      If the Builder requires your buyer to use the Builder's contract and forms, and won't accept your standard State or Board of Realtors contracts, insist that your buyer see an attorney before signing. Builder contracts will usually be stacked in favor of the Builder.

   Watch out for the upsell.  Just like a car dealer selling you extended warranties, credit life insurance, rain deflectors for the windows, undercoating, and other stuff you don't want or need, many builders will push pricey upgrades and extras on your buyer.

Nov 07, 2018 10:11 AM
Rainmaker
2,859,873
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I sell them, that's how I'm invovled.

Nov 07, 2018 08:13 AM
Rainmaker
624,200
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

If my client wants to see new construction, that is what we will see. If not, we look at resales. Pretty simple, really.

Yes, the process is different. The builder's agent handles the paperwork. It is not more difficult.

Nov 07, 2018 09:13 AM
Rainmaker
1,498,943
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I have been the listing agent for builders and developers for years Daniel Lloyd and I find it much easier than listing existing structures. It is vital that you be dedicated to these people or they will drop you like a hot potato. The more you know about their business the better.

Nov 07, 2018 08:34 AM
Rainmaker
638,920
Chuck Willman UtahHomes.me
Utah Homes - Alpine, UT
Utah Homes

I help people buy new construction. You need to do, among other things, this:

1) Keep an eye on deadlines.

2) Make sure your buyer does nothing to hinder the qualifying of the loan (make no major life changes like new employment or new large debt).

3) Be aware that the process can take a long time and that there are certain deadlines that could change.

4) Counter-intuitive advice: stay out of the builder's way. Sometimes the buyer agent can be more of a problem than a help. Some builder deadlines can be related to other factors such as city permissions,  the trades (subcontractors.) I'm not saying to be passive, but be reasonable in assessing the process.

Nov 07, 2018 10:06 AM
Rainmaker
517,328
The Villages Realty
The Villages Realty - San Jose, CA
"Our Performance Will Move You!"

Being a listing broker for a builder is a dream.  People like new and shiny.

Nov 07, 2018 09:02 AM
Rainmaker
725,256
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

New construction is EASIER.

Buyer options are more limited in regards to the grief they can impose on the seller. Builders know how to say, "Go pound sand," and keep a smile on their face and builder friendly lenders are readily available.

Disclosures? Don't even think about it!

Nov 07, 2018 08:56 AM
Rainmaker
4,430,079
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I love to sell new construction.

Nov 07, 2018 08:20 AM
Rainmaker
2,735,125
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I've represented many buyers on new construction homes.  My involvement is very extensive ... it is more than getting broker fee for me ... I represent my clients! 

Nov 07, 2018 03:55 PM
Rainmaker
2,895,814
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I have listed and sold new contruction now for over 30 years. It is my favorite and is no where new selling resales. It does require you to learn the process and what to expect next if you really want to offer a service to your clients

Nov 07, 2018 09:46 AM
Rainmaker
697,908
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I do not do new development

Nov 07, 2018 09:05 AM
Rainmaker
920,124
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I represent buyers with the purchase of new construction homes. 

Nov 07, 2018 04:37 PM
Rainmaker
1,200,561
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Daniel Lloyd , Please hop on a plane and attend the two day, New Home Construction class that I am teaching in Erie, PA next week.

Hope you can find a class in Utah after you get your licensee.

Nov 07, 2018 10:10 AM
Rainmaker
4,195,212
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I agree with Nina Hollander .  A

Nov 07, 2018 08:30 AM
Rainmaker
523,987
Mike & Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

About 1/2 of what we sell is new construction...

1. Most builder contracts are 100 pages +.  I read every page and understand it...better than the builders rep.  I don't know any other agent that actually does that.

2.  I am well versed on construction and have taken extra classes for that. If you are going to claim to represent buyers, you need to know that.

3. I do haggle price and upgrades for the buyer...and always do get something extra.  That is my job if I claim to "represent".

I do know some brokers who sign the buyer in with builder and that is that last anyone hears from them...they simply just collect the commission...ugh.

Eve

Nov 08, 2018 05:49 AM
Ambassador
3,900,745
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Mostly used homes here.

Nov 07, 2018 05:15 PM
Rainmaker
2,393,663
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Very good industry this new construction sales is.....Plus, you pick-up listings from buyers having to sell to buy your new inventory. New stuff brings out the best in everyone...

Nov 07, 2018 04:03 PM
Rainmaker
5,130,317
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

You just need to learn the business. Get active in your local builders association.

Nov 07, 2018 12:45 PM
Rainer
391,502
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

I do sell new construction homes.  As long as the builder makes no mistakes it is not any more difficult than others. 

Nov 07, 2018 12:11 PM
Rainmaker
1,475,923
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

They are not any more involved at all. Difference is buyer has to pick out all the features which is sometimes overwhelming to them. I try to help.

Nov 07, 2018 11:17 AM
Ambassador
1,577,871
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Every sale is unique. 

Nov 07, 2018 10:26 AM
Rainmaker
1,189,843
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'm not.

Nov 07, 2018 10:19 AM
Rainmaker
1,233,671
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

It depends on the property and parties involved.  Both can be easy or difficult. 

Nov 07, 2018 10:13 AM
Rainmaker
2,788,201
Richard Weeks
Dallas, TX
REALTOR®, Broker

I don't see a difference between resale and new construction.

Nov 07, 2018 09:17 AM
Rainmaker
4,792,129
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It's not all that different from existing home sales for a Realtor but with a few differences.

Nov 08, 2018 05:41 AM
Rainmaker
570,090
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

I've only sold one new build, but thankfully it was fully finished, but too much of a headache seling one that is in the building stage.. You never know when it's going to close, becasue of weather and other delays.

Nov 08, 2018 05:21 AM
Ambassador
3,065,569
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

AMEN to Kathleen Daniels' answer! I just Closed one and have two more in Escrow - there's a very different process with new construction. Your broker should allow you to shadow a couple of agents from start to finish so you can understand how vastly different they are. 

Chuck Willman UtahHomes.me gave you a great answer also.

Nov 07, 2018 08:40 PM
Rainmaker
952,114
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

A lot simplier. No haggling in price pay and builder takes care of the rest. A card is often what it takes to get paid almost involing new paper.

Nov 07, 2018 07:48 PM
Rainmaker
3,965,443
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

In some ways it is a lot more work

Nov 07, 2018 05:54 PM
Rainmaker
3,062,818
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not if you know what you are doing!

Nov 07, 2018 03:20 PM
Rainmaker
1,109,215
Joyce Marsh
JOYCE MARSH REAL ESTATE COMPANY - Daytona Beach, FL
Million Dollar Guild, Luxury, CLHMS, CNE, SRES

I sell them and enjoy selling new construction very much. 

Nov 13, 2018 09:18 PM
Rainmaker
3,959,297
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I go with the buyers when they are writing on new construction.  They are not on state approved forms, but are on their own contracts written by attorneys.

Nov 13, 2018 10:46 AM
Rainmaker
2,971,922
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

It can be more difficult if you make it.  I give lots of service to my buyers even if it is a new built.

 

Nov 11, 2018 08:34 AM
Rainmaker
328,709
Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

I sell new construction.  A lot of people like it because it's new but often it's more expensive than pre-owned.

Nov 09, 2018 02:33 PM
Rainmaker
1,405,698
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

No idea.

Nov 08, 2018 07:20 PM
Rainmaker
979,414
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Great answers are here. 

Nov 08, 2018 07:10 PM
Rainmaker
1,800,523
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

It's more fun !

Nov 08, 2018 05:12 PM
Ambassador
3,668,958
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

 In my market, most of the homes are really, really old.  But there is some new construction, especially in the suburbs.  It isn't more or less difficult dealing with new homes - it's just different.

Nov 08, 2018 12:40 PM