Discussing Real Estate Agent Services

The idea of buying a newly constructed home is the ultimate dream for many home buyers. After all, there isn't much that can top the feeling of everything in your home being brand new and customized to your specific taste. Unfortunately, far too many people make a critical mistake when looking to purchase a brand new home. This mistake is failing to hire a real estate agent to represent them. Oftentimes people make this mistake because they fail to recognize the benefits that a real estate agent has to offer even if you will not be touring existing homes. Taking the time to learn more about these benefits can help to prevent you from making the same mistake.

Your Real Estate Agent Will Have Your Best Interest In Mind

For the purpose of a real estate transaction, the builder of your new home is considered the seller and is represented by a real estate agent that is typically referred to as a builder agent. While this builder agent can be a valuable source of information concerning the home you plan to purchase, this agent ultimately represents the best interest of the builder. This means that it is their job to get the builder as much money as possible. This can make it difficult for you to successfully negotiate a lower price or the inclusion of upgrades. Hiring your own real estate agent will ensure that you are fairly represented in all negations and that your best interest is protected.

A Real Estate Agent Can Help You Find Financing

Unless you have enough savings to pay for your new home in cash, you will inevitably need to secure financing. In most cases, a builder will have a preferred lender that they will strongly recommend that you use. Using this lender may not always be in your best interest. Thankfully, your real estate agent will be able to help you shop around for lenders in order to ensure you get the best financing terms available. 

A Real Estate Agent Will Coordinate And Oversee Inspections

Property inspections are still a very important part of completing a real estate transaction even when buying new construction. This is because a property inspection can uncover any defects in the new home which will need to be fixed before the deal is complete. Your real estate agent will be able to help you schedule your property inspection with a reputable contractor, review the subsequent inspection report, and negotiate with the builder regarding any repairs that need to be made.

A Bonus Tip

Now that you know how beneficial it can be to hire a real estate agent when shopping for newly constructed homes, you will want to ensure that this agent's commission is ultimately paid by the seller. In order to avoid any issues, it is best to take your real estate agent with you the first time you meet with the builder agent. This is very important because the seller/builder could refuse to pay your agent's commission if you do not properly notify them that you are being represented by an agent.  

For more information, talk to a new construction home realtor in your area.