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Did you know that it's still important to use an agent even when buying a new construction home? A lot of buyers will go into the builder community and look at the models, and what they don't realize is that the builder will ask them to register before viewing models. They want to do this to document everyone coming in, and also send them updates with new models and updates. What also happens is that if you sign in without an agent present, an agent can't represent them in the purchase, and a lot of people don't know this.
The reason it's so great to use an agent when buying a property in a new build area is that it doesn't cost you a dime. The builder has a marketing budget set aside to pay buyer's agents for bringing their clients. This doesn't affect any costs, but what it does is create certainty for the buyer. It also gives you a second set of eyes with the paperwork and someone on your side during the escrow process. Remember, the listing agent at the builder community represents the builder, and their goal is to get as much money as possible for the home.
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Builders have a budget set aside to pay buyer's agents.
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Now, lots of people tell me they go to new build communities and prices are non-negotiable. Well, things are changing. Not all communities are negotiable on price, but what happened was a lot of builders got really excited about how active the market was, and built a lot of homes really fast. Now we're seeing a new home surplus, so they're offering incentives like reducing closing costs.
Whatever the case is, work with an agent, because they're skilled in determining what they builder is willing to do to get you locked in and buy the property. My team and I have knowledge in this process to fight for you and take advantage of the builder's mistake of building too many houses too fast.
If you're in the market to buy a new home, give us a call! If you have any other questions or ideas you'd like us to expand on, let us know.
