Many buyers interested in new construction homes believe they don’t need a Realtor. While you may not be legally obligated to hire an agent, having an experienced Realtor will increase the likelihood of a favorable outcome. Here’s why you should hire an agent when buying a new construction home:
You need a professional who’s on your side
When buying a new construction home, many buyers assume using the builder’s representative instead of a real estate agent is a smart move. They believe this will save them money. This is a myth; it’s always better to hire a Realtor that will represent you, not the seller. The builder’s representative works in the best interest of the builder— not you, the buyer. That’s why it’s especially critical to hire your own agent, who is legally obligated to protect you and your best interests.
Increase your bargaining power
A Realtor’s job isn’t only to connect you to your ideal home; they’re also there to help you get the best price for the property and the best rate for your mortgage. Seasoned Realtors are masters of negotiation. When you’re ready to pull the trigger on a property, your agent will help you come up with the best offer price and negotiate with the builder’s representative to get you the most favorable terms. Your agent may also be able to help you get a better mortgage rate by suggesting the most appropriate financing options.
Buying a new home is more complex than you think
No matter what kind of home you buy, the process is complex. Work alone and you’ll likely be in over your head. Having a reliable Realtor on your side can make all the difference; the home buying process will be less stressful and more enjoyable. And, without an agent, you could make a mistake that hinders the process, or worse— costs you your dream home. From working with title companies to overseeing inspections, your agent will be by your side every step of the way.
For the best representation, choose a Realtor who has experience with new construction homes and is compatible with your personality. Having an experienced agent who understands you and your needs will make the home buying experience go more smoothly. Unlike other real estate apps, MySoldMate matches buyers to their ideal Realtor using proprietary personality testing. When you have the right Realtor on your side, great things can happen!