Why work with a Realtor when purchasing New Construction
1. Negotiating Extras.
Your agent can help you with the extra perks, amenities, and upgrades. “We can often negotiate with the builder on things like paint color or even the style of garage door, especially if the housing development is in the beginning stages,” says real estate agent Jason Walgrave, with RE/MAX Advantage Plus, in Lakeville, MN.
2. Recommending Financing.
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. Shopping around is always wise.
3. Overseeing a home inspection.
Tempted to forgo a home inspection in new construction? Don’t do it. We always need a home inspection with a purchase, whether it's 100 years old or 10 days old. There could be unseen issues and we always want to make sure we have your back..
4. Help you review your contract.
Even if you’ve purchased a home before, the contract for new construction is a whole different process, and an experienced agent can help you make sure you understand everything, from floor plans to earnest money requirements, deadlines for requesting changes, and timelines for completion.
5. Buyer representation.
The timeline for purchasing new construction is typically quite a bit longer than buying an existing home. From the time you visit the sales center, to choosing your layout, construction, inspections, and closing, there are ample opportunities for things to go sideways — think construction delays, permit issues, and financing concerns. An experienced buyer’s agent can help you navigate all of these sticky situations.
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