Welcome to part one of “10 Reasons to Use an Agent When Buying New Construction.” Today I’ll go over the first three reasons you need to have representation when purchasing a new build.
When buying new construction, there are 10 reasons you need to use an agent. Today, in part one of a three-part series, I’ll go over the first three reasons you should always have representation when purchasing a new build.
You pay to have an agent whether you use one or not. The builder always works 3% for commission into the sales price to make sure they are covered in the event a buyer brings an agent. Right now in Colorado, builders are selling homes as fast as they can build them, so it would be highly unlikely that you could negotiate that 3% off the price if you didn’t use an agent. Overall, it’s worth it financially to go ahead and use an agent.
Protect your earnest money. The contract is written by the builder’s attorneys, so it doesn't have to adhere to the same rules as a real estate contract. In fact, I have heard of people losing up to $15,000 because someone who wasn’t using an agent missed a deadline in the contract or backed out and the builder kept the money. We make sure we understand all your deadlines and everything you are signing.
Better odds of getting a premium lot. I have great relationships with many of the builders in the areas that we specialize in. They know me, I bring them clients, and in turn when I bring a buyer to their property, they know it’s a serious buyer who wants a great spot. You’re going to be taken more seriously with an agent, and you might score a lot with special features like a water feature of space for a walk-out basement. Also, if you’re busy when an important call comes in about a property, I can be there to make sure whatever needs to be taken care of is taken care of.
Stay tuned for parts two and three of “10 Reasons to Use an Agent When Buying New Construction.” In the meantime, if you have any other questions, please feel free to give me a call or send me an email. I’m happy to help!