Are you thinking of purchasing a new construction home? It’s a common misconception that you don’t need your own agent when building new OR that you’ll actually get a better deal without one. It’s just not true! Here are some great reasons to hire a buyer’s agent for your new construction purchase!
Choosing the Right Builder and Community
Local agents have often worked with several builders already, and may have good insight into who might best meet your needs. Agents also know their service areas and can assist you in choosing a community that’s a good fit for your family by answering your questions and connecting you with the right resources.
Floorplan and Upgrade Insights
Your agent can help to guide you in choosing a floorplan or making modifications that will position you best for resale value in the future, as well as negotiate with your builder for upgrades that could save you money. Your agent will be well versed in current builder promotions, as well as negotiating tactics for getting your best value.
Contracts, Paperwork, and Lenders
Builder contracts are lengthy and can be overwhelming to review. Your agent will assist you in ensuring that your contract doesn’t contain verbiage that could hurt you down the line. Your agent will also help you understand the benefits and costs of using the builder’s preferred lender vs. an outside lender of your choosing. There are often extra benefits for using a builder’s preferred lender, including closing cost assistance and extras, but also less hassles when it comes to managing and coordinating timelines between construction and your loan, but it’s always worth exploring outside options as well. Your agent can help connect you with tried and true resources.
The Builder’s Agent Represents the Builder…YOUR Agent Represents YOU!
Remember, the builder’s agent always has the best interest of the builder in mind. By hiring your own buyer’s agent, you can ensure that you ALWAYS have someone in YOUR corner, making sure that negotiations and decisions are made in your best interest! Many people believe that they can save money by foregoing an agent and working directly with the builder’s agent, but that’s not the case. Without an agent, your agent’s commission does not come off the price of the home…the builder merely keeps the money.
And the good news? Hiring a buyer’s agent costs you NOTHING! The builder will pay your agent’s commission at closing, and the expertise you’ll have in your corner for choosing one is priceless.
If you are considering purchasing a new construction home or weighing the option of building new against purchasing a resale here in the Lake Norman area, contact me at 704-792-8768! I would love to schedule a free buyers’ consultation to help you gain the knowledge you need and get started with your search.