Often buyers are enticed by builders after spending so much time looking at resales. There are reasons to buy a new construction home, and we’ll share a little about that later in this blog. Using a REALTOR to help you with your new construction home purchase can be a great benefit.
In most cases builders have already considered buyer agent commissions (BAC) in their home price and these costs are built into the sales price. This means that more than likely, most if not all of the BAC is paid by the builder saving on your cash to close.
Builders employ licensed sales associates to help them put together builder favored contracts (which are quite complex) for new construction buyers. These contracts are very different to what you would expect when buying a resale. The builder’s salespeople represent the builder. Yes, you can walk right in and sign on the dotted line, but you would have lost your chance of being represented by a REALTOR. Your REALTOR will help you understand your options, act as a guide and provide insight into the market and the local area.
REALTORS are skilled negotiators and can assist you with securing a better deal, upgrades, options, incentives and insight you can’t find anywhere else.
The process of building a home is much different than buying a resale home. For example, with new construction homes you get to pick your own model, options and lot location. Moving into a brand new home with a bumper to bumper warranty is a great feeling.
Builders often provide incentives for new home buyers. One builder may provide a credit at close or offer better financing terms if you use their preferred lender as one example. Another example is a 55+ developer offering a free golf cart when buying in their community.
Also there is no way to describe the new house feeling when you close and move in. We have purchased three new construction homes in our personal life and really like them.
If you are ready to make a change in your lifestyle and select a new construction home, don’t forget that your REALTOR can work with you to get you into the home of your dreams!
Brian Warner is a Navy veteran REALTOR who has volunteered his time in leadership roles over the years in Central Florida with several organizations. He works with his wife Linda who is an Accredited Buyer Representative (ABR) REALTOR, Senior Real Estate Professional (SRES), Military Relocation Professional (MRP), and are both Gold Key Certified (GKC). Together they have over 34 years of Real Estate experience and own Florida International Real Estate LLC
