Many people mistakenly believe that you don't need a real estate agent when buying a "new construction home," or a home that has not been built yet. There are sales centers and model homes set up, so many buyers visit a community and sign a sales contract for a brand new home without any professional help. In reality, it is essential to work with an experienced real estate agent if you are planning on buying a new construction home. The home builder will pay the real estate agent's commission, so there really isn't any reason not to work with a real estate agent. A real estate agent can help you with buying a new construction home in a number of ways, including the following.
Negotiate on Your Behalf
When it comes to new construction homes, builders typically are not willing to budge much on price. But, it is possible to negotiate other important things, such as upgrades that will be put in your new home. An experienced real estate agent who has helped buyers purchase a new construction home in the past will know exactly how to negotiate with the builder on your behalf. While the price may not actually change, it is possible for you to get thousands of dollars of upgrades included without having to pay extra for them.
Buying a new construction home requires a contract, just like buying an existing home. The last thing you want to do is sign a contract without knowing exactly what it says. If you have a real estate agent representing you, he or she can review the contract and answer any questions that you may have. In the event that the contract is missing important information or includes anything unusual, your real estate agent can contact the home builder to get everything figured out. Your real estate agent will help ensure that you don't sign a contract for a new home if you do not completely understand all of the terms.
Help You Choose the Right Upgrades
Having an upgrade allowance included in your contract can make your new construction home a much better deal. However, it is important to spend your upgrade allowance wisely if you want to add value to your new home and avoid having to remodel or renovate a few years down the road. An experienced real estate agent will know what upgrades are worth the money and which ones are not. Your real estate agent will work with you to select the upgrades that offer the best value.
For more information on new homes for sale, contact a real estate agent. They can help you get the new construction home you want.