Do New Construction Buyers Need a Realtor?
For the first few years of my real estate career I worked for builders selling new homes. A lot of people thought that I would be representing them on the purchase of their new home, but, I had to disclose that I worked for the builder. So, who represents the buyer in that situation? No one. The following guest post reviews that situation. Thanks to Andrew Hill for his contribution of the article.
Adam Tarr PC
Citywide Real Estate
Phoenix, AZ 85050
480-236-7374
adam@WeAreAZRealEstate.com
Do New Construction Buyers Need a Realtor?
By Andrew Hill @ www.NewHomeSource.com
As gas prices rice, unemployment remains steady, and economies around the world remain shaky, nearly everyone is asking themselves, “How can I save more money?” Due to the bursting of the housing bubble and the subsequent “buyer’s market,” many Americans, with the funds to do so, have decided to snatch up a house while prices are low. However, the lingering fear of economic fallout leaves new home buyers especially tight-fisted with their money in an effort to not lose a single hard-earned penny in the transaction.
Sound familiar? If you’re one of the many people in the market for new construction, then you may be surprised to hear that the best way you can save money is by hiring a realtor. Really? Absolutely!
What many home buyers- and even some homeowners- don’t realize is that realtor’s commissions are 100% paid for by the seller! What does this mean to the buyer? It means that by foregoing the services of a realtor under the assumption that it will cost you money, you are actually setting yourself up to lose money in your home purchase.
Fair enough. But let’s say you just don’t like dealing with realtors. Furthermore, you meet the home builder’s agent who seems to want to give you a great deal on the home. Think again. Coming into the deal without representation won’t give you a bit of sympathy from these agents. Much like a court case, they are hired to represent the interests of their client, the builder. The builder and builder’s agent won’t cut you a 3% deal because you’re lacking an agent. They’ll simply pocket the profit, with the agent possibly getting a higher sales commission.
A realtor’s job as your agent is to represent your needs and the wealth of knowledge and resources that an agent brings to the table is far too valuable to pass up. During the transaction, your agent will strive to get you the best deal possible, sometimes even influencing the builder to bend on those “non-negotiables.” A good agent will also insist that you have a quality home inspection. Without such insistence, you could potentially buy a new home that had not been inspected, only to see it fall apart later because you skipped on consulting a realtor.
So if you’re looking to save money in your next real estate venture, then why wouldn’t you use a realtor? Whatever your needs may be, make sure to contact Adam Tarr for quality real estate assistance.