Do I Need a Realtor When I Buy New Home Construction?

Do I need a Realtor When I buy New Home Construction?

Do I need a realtor when I buy a new home construction for sale in Summerville or the surrounding areas? This is a great question most new home buyers ask themselves. First, let’s cover some facts to help answer this question for you.

  1. Cost of A Realtor:
    • The cost for you to have a realtor representing you is free. Home builders always pay realtors a percentage of the home. It is a built in cost that they expect to pay and if you don’t bring a realtor with you, that results in more profit for them. They will not reduce the price of their home because that will lower the values of all of their other homes. As a result, you should always have representation when you walk into a new home development site or talk to a new home salesperson.   The new home salesperson is representing the Builder, and protecting their best interests.  The contracts, which are unique to their development are written in favor of the builders and you need your South Carolina realtor to go through the contract and advise you.
  2. Who Works For You?
    • The salesperson onsite at a development will be extremely friendly and helpful, but don’t forget that they are employed and paid by the builder and their loyalty will go with them.  After the contract is signed, as questions come up and if problems occur, you will be grateful you have an agent who is solely looking out for you and making sure the builder is doing what he is supposed to do.  You can’t always expect that from an onsite agent who has moved on and is working with new clients.  Making sure you have a Summerville Realtor who is working for you is vital in the new home buying process.  Having a son who is a custom home builder, helps me to have an extra layer of experience in the New Home Construction arena. This knowledge of the ins and outs of the building process will help you to make wise decisions about your new home for sale in Summerville.
  3. Negotiations
    • Most people think that buying a new home is like buying something at the store…it is a fixed price with no room for negotiations.  However, depending on the temperature of the market, this is not always true.  Because we are in a heavy seller’s market right now, there is less wiggle room, but while the prices are often firm, incentives, upgrades and closings costs are all negotiation tools that your Realtor can wield in your favor.
  4. Benefits to you…
    • When you buy on your own without representation the benefit to you equals ZERO.  When you purchase without a buyer’s agent, the savings go to the builder and are not passed on to you.  Your realtor’s job is not just about finding you your home, but successfully navigating you through the passages that will see it all the way to completion and see that your best interests are always honored.  Don’t make the mistake of trying to handle your new home purchase without representation.

Please contact me if you have any questions for me about the process or would like to look at New Homes for Sale in Summerville or the surrounding areas.  I ask that all of my clients allow me to come along or at a minimum allow me to pre-register you with the builder for your first visit if you would rather check things out the first time on your own.

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3 thoughts on “Do I Need a Realtor When I Buy New Home Construction?

  1. Pingback: New Home in Nexton – Just Sold! – Summerville & Charleston SC Real Estate

  2. Pingback: What Happened Last Month in Real Estate in Summerville, SC? – Summerville & Charleston SC Real Estate

  3. Pingback: What Happened Last Month in Real Estate in Summerville, SC? – Summerville & Charleston SC Real Estate

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