According to a recent Fannie Mae report Single-Family Housing Starts are at the highest level of the year, and Building Permits have risen to the highest level since June 2008. Finally, the NAHB Housing Index showed that home builders are very confident about both current and future market conditions.
So, a new home is a good option for many reasons. But, why should a consumer need an agent to represent them when buying or building new construction? Check out my video for an explanation or read on:
1) The site agent represents the builder, they are not there to “help” the consumer. The builder salesperson works for and represents the builder’s interest and the builder’s interest only. Builders do not discount the price because the consumer has no representation. Commissions are usually built into the price or taken from a marketing fund. If you don’t use a Realtor you are not saving that commission. The builder rep gets it or it goes back into the builders pocket.
2) A buyer’s agent can give you objective professional advice and insight during all phases of the process, such as contract, construction, walkthrough, and closing. They can inform you of issues in construction, they know what questions to ask, because you don’t always get what you see.
3) How many of those foreclosures were with customers that had no representation? A lot of them! Funny how a house appraises for the builder, but when you go to resale, it doesn’t, ever wonder how that happens? Your agent can use recent and historical sales data to aid in the negotiation of the price and upgrades. Often there are incentives that are only offered to the Realtor community.
4) Would you go court without being represented by an attorney? Of course not. Buyers are represented without charge by a Realtor®.
Real Estate is a huge investment, why not use a professional that has experience and knowledge to put to work for you.