1. Contract/Purchase Agreement:
Your Real estate agent will offer their expertise with reviewing a builder’s paperwork to ensure the home buyer’s best interests are met and if extremely complicated they will suggest a real estate attorney review for you.
2. Sales Price:
Your real estate agent will ensure you are paying fair market value based on the results of a CMA (Comparative Market Analysis) and provide valuable insights on the new construction industry. They will also work with the builder on the final sales price, upgrades included etc. Builders are less likely to negotiate the price if the buyer has no representation.
3. Saving Money – No Cost To You:
It is a common misconception that NOT using a real estate agent when buying new construction will save you money. It is actually a completely free service for the home buyer. The builder is responsible for paying the commission on the sale of new construction.
A real estate agent may already have relationships with builders in the area and have market knowledge, ultimately saving the home buyer time. Also, an experienced real estate agent can be a great resource for mortgage lenders, homeowners’ insurance, area resources and service providers.