Thursday, February 20, 2014

Protect Yourself: Use an Agent When Buying from a Builder


Q: Do I need to hire a real estate agent to represent me when I buy a new home from a builder?

A: Legally, no. But if you don’t, you might be missing out on some tangible benefits that impact your wallet and how much you get for your money.

There are many reasons why an agent is a sound investment during the purchase process with a builder. While some of them can be quite complex (and go beyond the scope of this blog post), here are a few highlights:

Market Value Compared to Purchase Price: How much money are you going to be able to come out of pocket for your down payment? If you don’t want a nasty surprise when it comes to disparities between your agreed upon purchase price and the actual market value of the home, you’ll want an agent with access to information which will help you accurately assess the true value of that brand new home.

Negotiation Power: Real estate agents are professional negotiators, and often an agent can get more from a builder than you would on your own. While some of this might be related to purchase price, other perks may include property or home upgrades.

Financing: It’s probably no surprise that your builder will have preferred financing partners to work with. Many of those “partners” pay good money for the opportunity to handle your loan. But is it the best loan at the best rate? An agent can be both a sounding board for financing terms and a source for trusted alternatives.

Contract Expertise: While your real estate agent isn’t an attorney, they know a great deal about the ins-and-outs of property contracts. This includes builder’s contracts, which may have provisions that put you in dicey territory should something unforeseen happen. Protect yourself with an agent.

These four reasons are a good place to start, but there are plenty more. The bottom line is: The builder will have their own system in place to maximize their profit and minimize their costs. Shouldn’t you?

I’m more than happy to help you buy from a builder: 

JUST IN!!
AnnapolisHomes4You and Champion Realty, Inc. are the first to bring Augmented Reality to Real Estate with the Champion Realty Mobile APP Featuring X-Ray Vision!  You can now scan a neighborhood for homes using a live camera view from your iPad, iPhone or Android for up to a mile.  So let’s get started, just click on this link or go to PatsXrayApp.com Its FREE! And FREE is always GOOD!

Semper Fi! 
 Loyalty, Commitment And Excellence In All That I Do!

I guarantee to sell your home in 60 days or less, or I will Pay you up to $10,000 in CASH!*

Pat Ogle, Associate Broker, 
Champion Realty, Inc. 711 Bestgate Road, Annapolis, MD 21401 
800.847.9990 ext 660 (O) 443.569.2736 (C) 410-224-0660 (D) 
PatOgle@AnnapolisHomes4You.com 
AnnapolisHomes4You.com 

P.S. Help Us, Help (America’s Heroes) Wounded Warriors and their families as they return home from the current conflicts, honoring and empowering them with a wide range of services. To this end we donate $250 from every closing to the Wounded Warrior Project® . Give us a call at 410-224-0660 to help us help them! 

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 "IN GOD WE TRUST" | luke 1.37 

*certain conditions apply

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