Buying a home is one of the biggest purchases that we’ll make in a lifetime. Going at it alone, without the qualified opinion of a professional is a dangerous game.
You would most rarely represent yourself in a lawsuit, perform surgery on yourself, or cut your own hair. Buying a new home is no different, especially when having a buyer’s agent is free.
Here are: The Top 7 Reasons Why You Need To Hire a Buyer’s Agent To Help You.
Reason # 1: Your Agent Can Help You Ensure You Are Hiring The Right Builder.
With new construction just about anything can go wrong including but not limited to weather, labor shortages, as well as issues with materials.
You are after all building a home that takes months to construct.
In fact, one of the greatest complaints you find from those buying new construction is the builder’s inability to complete the home on time.
Some builders have an exceptional reputation for delivering homes on time. Others are the exact opposite. And chances are that your agent will most likely will know about it.
Reason # 2: Your Agent Can Tell You If You Are Overpaying.
Your agent will do a comparable market analysis on the home, condo or townhouse you are purchasing to make sure that you are not overpaying for the area.
By the time you add on all the upgrades, you could be the highest priced home in the community and that is the scenario you do not want, especially when you need to sell the home down the road.
What has happened in the past is that the home will appraise for a certain price when you purchase it, but will appraise for a much lower price when you try to sell it.
Your agent may advise you not to buy a new construction home if you may have plans to leave within 2-5 years for this reason.
Reason# 3: Your Agent Can Tell You What Upgrades Are Worth It and Will Add Resale Value To Your Future Home in Metro Atlanta.
Again, builders often attract buyers with incentives — upgraded stoves, tile, floors, cabinets, back-splash — the list goes on and on.
However, the cost of these upgrades all depends on whether or not the builder is buying them in bulk and whether or not they are passing the savings on to you.
Therefore, some of the upgrades are cheaper to buy from the builder and some of them are cheaper to buy on your own with a general contractor.
There are some upgrades that can be considered an investment and some that you will pay for and never recover.
In general, spending money on kitchens and bathrooms will add value to your home when you sell it in the future but adding a pool will most likely not.
Your agent will be able to tell you if the upgrade that you’re paying for is valuable.
find out how you can have Both, your Own representation and get cash back at closing if you are anywhere in Atlanta area or the State of Georgia.
Reason # 4: Your Agent Will Negotiate On Your Behalf.
Your agent will help you negotiate the contract and make sure you get the best deal possible. However, every market is different. If the builder is selling all his homes at full price and not give away any upgrades, don’t expect your agent to perform wonders.
Keep in mind: location, location, location, current inventory and demand are the main factors that play big part in the room for negotiations available.
In some areas, builders can’t build the homes fast enough to keep up with buyer demand, so they don’t bother to offer special incentives or bonuses to buyers.
Reason # 5: Your Agent will Make Sure The Contract and All Paperwork are in Order.
Your agent will guide you through the processes — such as the contract, the construction, the final walk-through, and closing. Your agent will be able to help you when things go south, and it’s construction, so they often do.
Unfortunately, many of the builder sales representatives are not licensed agents, so when something goes wrong, you are literally subjected to the builder and have no one on your side to protect you, advocate for you, or advise you.
Since real estate agents help people buy and sell homes every day, they can foresee and protect you from these situations even before they arise.
Reason # 6: Your Agent Knows The Area and Know (Or Could Find Out) What Else is Being Planned Nearby.
They can tell you if you if there are pitfalls coming down the road. The following scenarios are all too familiar:
Is the builder also planning to build a mall across the street as part of the plan?
Is the density of the housing to high, which has a significant impact on the demographics of the community?
Are there Homeowner Associations (HOA) fees?
What are the Covenants, Conditions, and Restrictions (CC&Rs’)?
Are there special assessment taxes — to build new parks, schools, and roads — that the builder is now passing on to you.
Reason # 7: Your Agent Can Help You Throughout The Process.
You want to have a trusted adviser that you can ask questions throughout the entire process.
Asking advice to a builder representative is going probably going to get you very different answers. Probably, by now you understand why having a buyer’s agent when purchasing new construction is one of the most important piece to your success.
I hope this article provided some value to you.
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It’s Very Simple: You To The legwork by searching & Driving, once you find the home you like to put an offer in, I can help you with all of the above and rebate ⅔ of my commission back to you at closing.