Purchasing a home is one of the biggest and probably the most expensive purchase that someone will make in their lifetime. You owe it to yourself to work with a professional Realtor and utilize their expertise. Realtors are paid buy the home seller, and in most cases it won’t cost you a thing, that’s a no brainer!!! Here a some answers to the most frequently asked question.
Should I use a Realtor to purchase my brand new home?
The answer is YES you should and here is why….
The builders representative is just that, the builder’s representative. They essentially work for the builder, and they are going to sell what they need to sell first. They will not have your best interest in mind, and will not protect you in the sale of the home. When it comes to the builder’s sales contract, there is no standard, and understanding these can sometimes be tricky. Realtors handle contracts all day, and will be able to interpret these for you.
My friends have told me that not using a Realtor will allow me to purchase the home for less because they will not have to pay the Realtor commission.
The commission is typically paid by the builder out of their marketing budget. So normally you will not save any money by not using a Realtor. It is the Realtor’s fiduciary duty to represent you and have your best interest in mind. Realtors are able to advise you on current comparable pricing, and future resale potential. How would someone know if the price quoted is even close to actual market value. Just because the home is new, doesn’t mean it has to be priced higher than the active market. The builder is essentially competing against all available homes on the market, pre-owned and new.
How will a Realtor benefit me during the home purchase?
As a professional, it is our duty to represent you, the home buyer. We do this every day. We read contracts and the verbiage is second nature. Home buyers do not buy a home every day so why would they be expected to know the entire process?
Questions like: Should I get pre-approved
or pre-qualified before buying a home? What is the difference? Where do I begin my search? What is a Builder’s warranty? How can I get my earnest money back? Should I get a home inspection, WHY? Exactly what are Builder’s contracts and what information do I really need to know? What can be negotiated? What should I ask for in my new home? Will I save money in closing costs by using a Builder’s Lender? What is a “Title Policy”? What is Home Owner’s insurance versus Mortgage insurance? What IS underwriting?
Your Realtor is there to handle all of the questions and more, and (most importantly) to protect YOU the home buyer. Do you think the builder has any concern whether you understand the process or not?
If you are in the process or if you are thinking about buying or selling a home, contact us and at least find out what your options are. Get the answers you need to make the best decision possible. We offer FREE no obligation real estate consultations
and would be happy to speak with you.
Franzetti Real Estate