Many aspiring homeowners are intrigued by new construction. There’s a multitude of reasons to consider buying a new home, including appealing warranties by the builder and modern touches throughout the property. If you’re interested in purchasing a to-be-built home, you shouldn’t forego the help of a real estate agent. An experienced Realtor that’s not associated with the builder is a must. Here, we share the details on why working with an agent is crucial for new construction deals.
An agent protects your best interest
Before you arrange a walk through of a model home, it’s wise to have already chosen your Realtor. While builder’s agents have the interests of the builder in mind, a real estate agent’s job is to negotiate the best deal for their client. With an agent that’s unaffiliated with the builder on your side, you may have better luck negotiating on pricing or upgrades. Plus, a Realtor’s services are provided at no extra cost to you. Your agent will be paid commission upon closing, so you’ll reap the rewards of their expertise without paying a penny.
Guidance throughout the process
Real estate agents are especially helpful for first-time homebuyers. A Realtor is an essential part of every real estate deal, but their guidance is invaluable if you’re new to the process of home buying. Many buyers go under contract immediately upon meeting with the builder, so it’s especially important to have the representation of a realtor as you navigate this monumental purchase. Once you’re under contract, your agent will oversee the home inspection and go over the details with you. If you’re anxious or confused about any part of the home buying journey, simply reach out to your realtor with any questions that you have.
If you’ve never applied for a mortgage loan before, you may be on the search for the best lender for your needs. It can be challenging to find the ideal rate, but a savvy Realtor will likely have financing recommendations to offer. Buyers who forego an agent often end up using the builder’s financing, which may not offer the lowest interest rate.
Working with a real estate agent is a wise decision when purchasing new construction. Although builders have agents to speak with you regarding to-be-built homes, it’s best to seek help from an unaffiliated Realtor to secure the best deal.
By Michaela Phillips. Michaela is the Vice President of Mortgage Lending at Guaranteed Rate, Inc. Contact Michaela at 303.579.5517, e-mail [email protected] or visit michaelaphillips.com. NMLS: 312874.