When you buy a new construction, the home’s builder is considered the seller, and the agent representing the builder is called the builder’s agent. The builder’s agent will always have the builder’s best interest in mind. You need your own real estate agent representing your side of the deal to protect your best interest.
It’s a good idea to have your real estate agent accompany you on your first visit to the new construction. Bringing your agent to the first visit will make it clear that the builder’s agent will be on the hook for paying commission. Some builders might even refuse to pay your agent a commission if you don’t register the agent the first time you visit the home on a new construction site.
When buying new construction, here’s what your real estate agent will help you with that you might miss out on if you stick with the builder’s agent
Your agent can often negotiate with the builder upgrades, especially if the housing development is in the beginning stages.
A builder typically will have a “preferred” lender that it will try to steer you to, but your real estate agent can help make sure that you’re getting the mortgage that works best for your situation.
There are a lot of moving parts, many legal loopholes and fancy terms that go into buying a house, so you’ll want to ensure you have all the details down. Using a Realtor can save you time and possible headaches down the road. After all, the buyer’s remorse and money lost if you make mistakes will be more painful.
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