Why do I need a buyers agent for new construction – I was answering this question for someone, and I thought it would be worth posting it as a blog.
It is foolish for a home buyer to enter into a new construction contract without an experienced real estate agent. The fact that having buyer agent representation is often FREE cannot be repeated often enough. So too, should the misconception that not using a buyer’s agent will save money be constantly repeated – that simply doesn’t happen. The site agent is legally bound to represent the best interests of the builder, not the home buyer.
An experienced agent will be able to help you purchase a home that fits your needs, and will have great resale value in the future. I ‘m met a lot of people who said that they wished they had used their own agent when they went through this process, and here are a few examples why.
- The lot they built on had a field behind it, when they asked the agent what would be built there, he said he didn’t know. It was true, but what was waiting on approval from the planning commission was a block of condos. If they had used me, I would have told them what was being planned, and they would have probably picked a different lot.
- I have a client in their 50’s who contracted to purchase a new home with all the bedrooms upstairs. They contacted me to sell their existing house after they were already committed to the purchase. When I asked them why they didn’t consider purchasing a home with the master bedroom downstairs, they said they didn’t take the time to think about it, they just wanted to live close to their children and grandchildren. They realize now that considering their age, it would have been a better idea to get a different floor plan. By the way, I had three offers on their existing home the first day on market.
- In some neighborhoods several builders are active, most buyers don’t have time to research the reputation of each builder, so they just buy the home that looks best of them. It’s possible that the home will be great, but it’s also possible that you bought a money pit. It’s just totally unnecessary, as plenty of good builders are available, it’s just something that experienced realtors talk about, and unrepresented buyers find out the hard way.
- a railroad spur runs through Franklin, Thompson’s Station, and Spring Hill, and Brentwood. I can’t tell you how many people have told me that when they bought their home that they didn’t even know a railroad track was behind the home. until a train came by. In every case they were unrepresented, If they had used and experienced buyer agent, it probably wouldn’t have happened.
- Schools are important, but it’s not usually the first thing people think of when buying a home, It will have a major impact on the resale value, and the future of any children you have. I do lots of research on every school in Williamson county, and I know which ones are an asset, and which ones will hurt your value
This is just a few examples of why having an experienced agent (that costs you nothing), can help you with a purchase, including new construction. If you would like to be represented by an experienced realtor give me a call Larry Brewer Benchmark realty 615-512-7853