Why Having Your Own Agent Matters When Buying a New Construction Home

Finding your dream home can be a bit of a challenge sometimes, especially when inventory is low like the current market. Many people are shifting their interest towards new construction or custom built homes to expand their options. 

If you find yourself doing the same, it is important to understand that the process of buying from a builder is much different than doing so from a homeowner. It is important to be careful when working with builders so you don’t overpay for their product. Just like you would with a homeowner, it is important to have someone representing you through this process. As Realtor.com says:

“Keep in mind that the on-site agent you meet at a new-construction office works for the builder. So, as the homebuyer, it’s a smart idea to bring in your own agent, as well, to help you negotiate and stay protected in the transaction.”

Jim Slater works with new construction and custom built homes frequently, and has worked with numerous builders in the Metro. When you’re looking for this representation, consider the following. 

Agents Know the Local Area and Market

An agent representing you should know the neighborhood and surrounding areas, and any development projects that could be implemented before you move into home. They can review the builder’s site plan and confirm there will be no surprise additions of a highway or drainage ditch being added to your yard. 

On top of this, an agent like Jim Slater will know what fair pricing is. As an expert in the market, agents should know what supplies are going for and which are in high demand and how that affects pricing. Having a real estate expert represent you can save you a lot of money. 

Knowledge of Construction Quality and Builder Reputation

While discussing costs, an expert in the market will know the builders reputation and the quality of their work. They will know if you are getting your money’s worth and be able to provide insight of their track record, customer satisfaction, and construction practices. They can get you in to see or show you pictures of homes they have built in the past to see their work. With all of this information you can choose a builder much more confidently. 

Assistance with Customization and Upgrades

The best part of a new construction home is the opportunity you have to customize it. Your agent can guide you through every step of the process and give insight on upgrades that can add value to your home. They also will remind you to keep an eye on your budget and help pick the best products with the highest rate of return on your investment for later on. 

Understanding Builder Negotiations and Contracts

Negotiation is a key factor no matter what or who you’re buying from. And with any purchase comes all the fun contracts and paperworks to be signed as well. If you have little experience in the Real Estate industry, we highly recommend having someone there to represent you when looking at all contracts and documents, and to be there for you when negotiating is needed. Jim Slater takes pride in scratching and clawing for his clients to get them the best possible outcome in the purchase or sale of their home. 

Bottom Line

If new construction is where your interest stands, have a trusted agent like Jim Slater by your side to show you the ropes. If you’d like to get in contact, feel free to give him a call at 612-590-1802. 

“Sooner or later, you’ll call Jim Slater!”

Source

Coldwell Banker Realty