Do I Need a Real Estate Agent When Buying a New Construction Home?
Thinking about building a new home or punching a home from a brand new community? Learn why it is in your best interest to hire a real estate agent when buying a new construction home.
Your agent represents YOU and not the builder. It’s important to find a reputable agent in your local area that is experienced with new construction that can represent you on your behalf. It’s a good idea to hire an agent before you start going out and visiting model homes. Typically the sales rep at these open houses will have you sign in and register. If your real estate agent is not present at this time, they may not be properly compensated at closing.
It’s hard not to fall in love with a brand new home when you are walking through the model! Remember, the model home most likely has all the upgraded features to sell you on the home. The good thing about touring with a real estate agent is that they do not have the same emotional attachment you will have.Your real estate agent can help guide you to making a well-informed decision.
An experienced and well connected real estate agent can help you get the biggest bang for your buck. Keep in mind that new home builders currently in the process of developing a community do not want to discount his sale price. Doing so usually sets a market trend for the subdivision and will later on hurt the sale price of future homes in the community. Instead, your agent might try and get the builder to pay for other expenses that can be rolled into the back-end such as closing cost.
An experienced and well-informed real estate agent will know the reputation and quality of new home builders. Things such as the future plans of the developer for the neighborhood or how long will it take for the neighborhood to be fully completed. Your real estate agent will be able to give you the scoop on everything when it comes to choosing the right builder and community for you.
So whether you’re building a new home in Aliso Viejo or looking eyeing one of the fabulous new communities in Rancho Mission Viejo, it is always a good idea for you as a homebuyer to have your own representation. Remember, Cesi Pagano & Associates can answer all your questions and can help you achieve your real estate goals!