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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Summerville SC Real Estate Market Reports with Foster Smith

Summerville SC Real Estate Market Report for May 2015

The May Real Estate Statistics are in for Summerville, SC and it was the strongest month of the Spring so far! Houses for sale in Summerville, SC are averaging only 18 days on the market and sellers are receiving (on average) 99% of their asking price.  The average sales price in Summerville, SC is hovering around $190,000.  This makes for a strong seller’s market especially with low inventory in certain areas. Fill out this form or give me a call if you are interested in what your Summerville home is worth in today’s market. Foster Smith – 843-974-6029.

Pending Sale in Summerville, SC

Attention Summerville buyers, you have to be quick in this real estate market or you may miss the home you want when you are ready to make an offer.  Some of the Summerville listings are selling within days or sometimes hours of hitting the market, this happened with my new listing in Scotts Mill.  This home is now a pending sale in Summerville, SC in the Scotts Mill Subdivision.

Pending Sale in Summerville, SC

 


For new buyers in Summerville, SC , please check out www.HomesofSummerville.com  to preview the full list of available Summerville SC real estate as well as all properties listed in Dorchester County, SC.

This market is quick paced, and delays may cost you the home you want, so be decisive when you find a property that meets your needs.

As always, I look forward to serving all your Summerville SC real estate needs and can always be reached at (843) 947-6029 or Foster@HomesofSummerville.com when you are ready to begin your home search!

Summerville SC Ranked one of the top 20 safest cities in South Carolina

I was not surprised to read on Safewise that Summerville had ranked as one of the top 20 safest towns in South Carolina.

Downtown Summerville in Full Bloom

Downtown Summerville in Full Bloom

“Summerville is a rare find. Dubbed “Flowertown in the Pines” Summerville is a mere 20 minutes from lively Charleston, and an easy drive to the region’s many beaches. It’s surrounded by gorgeous plantations, wildlife and nature preserves and boasts superior schools…” (Taken from Safewise)

Azalea Park in Summerville SC

Azalea Park in Summerville SC

 

Being among the safest towns in South Carolina is one of the many reasons people are drawn to our lovely town of Summerville.  It caters to those retiring in Summerville,  families with children, and people in all walks of life.  The Summerville Real Estate market is becoming more and more balanced and we are seeing home values returning.  If you are interested in learning more about the Summerville market or selling your Summerville home, please contact me at 1-843-974-6029 or Foster@HomesofSummerville.com.

 

 

Summerville, SC Real Estate Market Update for the First Quarter of 2014

Summerville, SC Real Estate Market Update for the first quarter of 2014 lets you know how 2014 measures up against 2013 in the Summerville, SC Real Estate Market.

The closed homes are up 8.5 percent, closed volume is up 18%. The average price per square foot in Summmerville, SC has gone up  7.5 % over last year’s price per square foot.  The number of houses on the market in Summerville is equal to approximately a 5 month supply, which slightly favors the sellers.  This fact is evidenced in sellers receiving  99% of their list price when they are selling.

Hear more from Foster Smith, your local Summerville Realtor on how the Summerville market is faring.

 

Summerville, SC Real Estate Market Update for Spring 2014

Summerville, SC Real Estate Market Update for Spring 2014 lets you know how Spring is affecting the Summerville, SC Real Estate Market.  Nationally, there has been an eight month decline in pending sales.  In the Summerville & Charleston market this has not been the case!  Prices have consistently risen by 10% over the last 15 months and there has been a 24%  increase in number of sales. Hear from Foster Smith, your local Summerville Realtor on how the Summerville market is faring.

Part of Spring in Summerville is the Flowertown Festival!  If you missed the Flowertown Festival this weekend, check out my footage from the event!

 

Vacant Land for Sale near Summerville, SC

Two pieces of vacant land for sale in Summerville, SC have recently come on the market.  Both are excellent opportunities for building on land near Summerville.  To see all vacant land for sale in Summerville,SC visit HomesofSummerville.com.

 0 Miller Drive Ladson, SC 29456

Location: 0 MILLER DR, Ladson, South Carolina 29456

Type: Land

Price: $75,000

Description:

3.82 acres of vacant land near Summerville are able to be developed. The balance of the land is in wetlands. 11.39 Total Acres.




0 Ladson Road Ladson, SC 29456


Location: 0 LADSON RD, Ladson, South Carolina 29456

Type: Land

Price: $70,000

Description:

This vacant land near Summerville SC is zoned commercial.  This commercial lot will have high traffic visibility. .41 Acres.