Why you need a real estate agent when buying from a builder
You’ve decided to buy a new home. You are going to build that dream home you have always wanted from the ground up. Pick out the lot, the plan, interior finishes, and upgrades. This is an exciting time, but it is also serious business.
You head out to the subdivision you have heard is the new place to be and walk into the builder’s model. You are greeted by the sales rep. Builder’s reps provide a valuable service. They can explain differences between models and floorplans. Help you pick out a lot. Talk about upgrades and financing and write the offer for you.
There is one thing that you need to remember. The rep is not a licensed real estate agent. The Code of Ethics of the National Association of Realtors does not apply to this person nor does any State licensing laws and regulations.This person is an employee of the builder and represents the builder. NOT YOU!
Real estate agents are a trusted source for real estate information and can help home buyers navigate the complex home-buying process. A Buyer’s Representation Agreement with your agent tor ensures the buyer that his or her agent will represent the interests of the buyer alone and not the seller.
When you retain the services of a real estate agent, their responsibility is to you. That means you have an expert who is looking out for your financial interests, an expert who’s contractually obligated to protect you. An agent can help you navigate the new-construction contract; help you understand how specific clauses, riders, and upgrade options affect you; and make sure you know what you need to before you sign on the dotted line.
Finding the right model and picking out your upgrades is the fun part. Once you’re ready to sign the contract, an agent can work on your behalf to negotiate the terms, from upgrade options to financing and closing costs.
Signing the contract with the builder is just the first step in the process. There will be several more meeting with the builder. You will need to line up financing, work with the title company. there may be inspection throughout the construction. An agent can manage that process and can accompany you on inspections to insure you are not missing anything at each construction milestone.
If you are interested in purchasing a new home from a builder, give me a call before you talk to the builder rep and put my over 30 years knowledge and experience to work for you!
Marie Walton, ABR, CRS, GRI, SRES