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?
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!
Please Don't Forget to Show Your Support for Our Marines!
"IN GOD WE TRUST" | luke 1.37
*certain conditions apply
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