You Need an Agent when Buying New Construction! Here’s Why.
There’s nothing quite like moving into a new home. Starting with the neighborhood you choose, through home design, selection of build-outs and options, the anticipation builds right up to the moment they hand you your new keys.
It’s an exciting time, but also a time that can be filled with stress: What’s it like living in this neighborhood? Is the house built well? Did the builder make any mistakes that I missed? Did I choose the right options to ensure good resale? And the catch-all: OMG, did I do the right thing? It’s natural and OK to worry a little bit. After all, this is one of the biggest investments you’ll ever make, and your new home will be big part of your daily life for years to come.
But there’s one important choice you can make right up front that will minimize or even eliminate most of the stress of a big purchase like this: choosing the right real estate agent to represent you. Did you know a good real estate agent can provide guidance and assistance through the entire new home process? And the best part: it costs you nothing! That’s right, new home buyers pay their agents a grand total of $0 at closing! All commissions are paid by the home builder.
Some agents will even give a portion of their commission back to you, meaning you get all of their great services and they actually pay you! The best agents put YOU first, and never sacrifice a long-term relationship for a short-term gain. Here’s some information on choosing a good buyer’s agent.
Listed below are just a few of the ways your real estate agent makes the new home buying process easier for you:
- Your agent is on your side, unlike the builder who may be tempted to cut corners to maximize their profit on the home.
- Before you even select your new neighborhood, your agent is there to suggest communities you might not know about that closely match your needs and desires.
- Your agent can work directly with the new home builder on your behalf on any issues that arise between contract signing and closing.
- Remember, you don’t need to use the lender recommended by your builder! Your agent can recommend lenders with the best rates, which could save you thousands of dollars over the term of the loan.
- Your agent will be there during interim home inspections and your final walk-through to help identify any items that should be fixed before closing or during the one-year construction warranty period.
- Leverage your agent’s expertise to be sure you’re selecting the options that will increase your home’s value over time. Many times, expensive options sound great but yield little or no present or future value to you.
- Your agent may be able to negotiate builder incentives that are not advertised to the general public, saving you even more money at closing.
- If you’re relocating to a new area, it’s critical that you choose an agent you can trust, and who understands your needs and desires. Your agent is an essential point of contact for you until you actually move, and will act as your ally and representative during the construction phase.
- Good, experienced agents have a verified list of vendors that can help you out after the builder’s warranty expires (electricians, landscapers, plumbers, pool installers, etc.). They can also shop around for the best deal in a personal home warranty, which covers big items like HVAC units, washer/dryers, refrigerators, ovens, etc.
- Did you know smart home technology is becoming one of the most important resale features in a home? Good news! Most new home builders are featuring a variety of smart technologies in their new homes. Your realtor can help you select the smart options that best match your lifestyle.
A you can see, working with a real estate agent on your new home makes the process easier for you, less stressful, and can save you significant time and money. Considering that all of these services cost you nothing, there’s no better way to buy a new construction home!
Christopher Burdick is the owner of SeaBird Properties in Charleston SC. Subscribe to his blog for regular real estate articles, and contact him directly if you’re thinking of buying a new home or investment property in this beautiful part of the Lowcountry!