When shopping for a home, the attraction of new construction is undeniable. A brand new pristine home with new appliances and finishes all tailored to fit your individuality. A home you won’t have to worry about remodeling or making upgrades to for years to come.
Buying new construction seems simple, right? Pick out the floor plan, choose the perfect lot, and watch it go up. No sellers to deal with, no unexpected repairs that take place during inspection and, no drawn-out negotiations. Right? Not so fast. In any real estate transaction, it’s important to have a professional on your side, even if the process seems straightforward.
Even though a friendly sales representative will greet you with a smile the moment you enter the sales center…they work for the builder. Bring your own agent with you starting with your first visit — in fact, many builders require your agent to register with them from the very beginning in order for them to be involved in the process and receive their commission.
What is a Seller’s Agent?
Real estate agents working at new construction sales offices represent the Seller and only the Seller. As a Seller’s agent, they owe certain fiduciary duties to act solely in the best interests of the Seller (the Builder) to the exclusion of all other interests. For that reason, they may not be forthright about getting you that best deal… since they are representing their client only.
What is a Buyer’s Agent?
Real estate agents working with Buyers represent only the Buyer. Buyer’s agents owe certain fiduciary duties to act solely in the best interests of their clients.
Why should a Buyer have their own real estate agent?
When buying new construction, here’s how an agent can help:
The Seller’s Agent can be a valuable resource for learning about your potential new home. They are knowledgeable about the construction and available amenities, as well as the housing development and general community vibe. You can rely on the builder’s agent for background information—just don’t make this individual your sole point of contact on the buying and selling process.
Who pays for the Buyer Agent?
Buyer agent representation is typically free when building a home. Site agents want to sell homes, not handle every aspect for the buyer. They find it much easier to deal with another agent as opposed to dealing only with the buyer throughout the process. A buyer’s agent can handle many of the questions and potential issues long before the site agent is called.
How to Proceed?
Everyone wants to walk away from buying a home with peace of mind. Have your agent accompany you on your first visit to the new construction site. With a professional you trust by your side, you’ll rest easy knowing someone is there to protect your money, your time, and your new home.