An agent for your new construction purchase can give you several advantages. It may seem like an easy process, but there is a lot of risks when it comes to new construction. It’s unfortunately not as trouble-free if you don’t have the right representative. They can help with the things needed to be looked at from a professional’s eye.
Here are some of the reasons why you need a local brokerage for your new construction purchase. A buyer’s agent is representing you in the sale. It’s their role to ensure you are not taken advantage of by the builders and their representatives in the transaction.
1. Hire the Right Builder for your new construction purchase
The most important part of finding an agent is having a professional’s perspective on finding a builder with a great reputation. You get to benefit from your agent’s network of vendors, lenders, and home builders. They have the industry expertise to connect you with a builder to match your needs and already have experience with the builder.
If they haven’t worked with a builder you want to use directly, they can gather recommendations from other agents. Your local representative will help you find one who delivers exactly what their clients want.
2. Purchasing the Best Lot For You
The lot you choose in a new construction purchase can either improve your new home or be detrimental. In the excitement of the process, we tend to overlook the important features of a property. The lot location can really make a huge impact, especially when it comes time to sell it in the future. These are important things your agent will be able to help with so your decisions benefit you long term.
3. Plan Modifications and Upgrades for your New Construction Purchase
Your agent will ensure you get the upgrades and modifications suited to your lifestyle. They will help you make decisions to increase the value of your home in the long term. With an agent’s guidance, you can be sure to make changes to benefit you in the future.
4. Handling Contracts
Your agent will handle the contracts and all of the paperwork. They will be sure to review it is in your best interest. They will be able to help you break down the best loan types, purchasing processes, and steps for YOU, not the builder.
The buyer agent will make sure there are no overlooked terms in a builder’s contract. These things could end up hurting you after you move in. You want to make sure you have a professional who is experienced with the paperwork and knows how to make revisions work.
It is imperative in the purchasing process to have an agent negotiate for you. The building process is much more than having the builder put in your favorite counters and floors. They will be able to get you a price to benefit you, not the builder. They will be able to run a comparative market analysis to ensure you are paying a fair price for the property.
You don’t want to end up overpaying for the home. They’ll also be able to negotiate terms around building time frame, closings costs, and so many other aspects of a contract you may otherwise overlook.
6. Someone There to Represent You, Not the Builder
It may seem easy just to visit a builder’s office and use the onsite agent. But keep in mind this agent works FOR the builder, NOT for you. They will be working to make sure the builder gets the best deal at the end of the day.
By having a buyer’s agent of your own you can ensure there is a professional on your side who can walk you through the process. There will be less chance of being taken advantage of during the transaction. They will also have a better handle on things when you hit bumps along the way. If you end up working with a builder who isn’t holding their end of the deal, they will have the power to make connections to ensure the builder holds their end of the contract terms.