Thinking About Buying a New Construction Home Without an Agent?

Dated: January 6 2022

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Thinking that buying a new construction home without an agent can save you a few bucks? Think again.

The builder's agent can be a good resource in the new construction process, but don’t forget they’re representing the builder in the sale! A builder's agent doesn’t want the buyer to have a bad experience, but their fiduciary duty lies with the builder.

 

At The Wolfe Team, we’ve walked many homebuyers through the process of purchasing a new construction property, avoiding potential pitfalls and stressors, while advocating for their best interest each step of the way.

Having an experienced buyer’s agent to help you through your new construction purchase has many benefits;

It’s customary for the builder to pay the buyer agent’s fee, so it’s FREE to you. This typically comes from their marketing budget and because of that, you won't be getting a better deal by not using your own agent. Actually, the opposite is typically true here.

Not every builder has the same level of experience and delivers the same quality of a home.

An experienced buyer’s agent will have knowledge about the various builders' track records, and they will have a good eye for the quality of the construction for each development and home.

Your real estate agent can negotiate on your behalf. With new construction homes, there are often opportunities to negotiate the purchase price, upgrades to the home, and credits towards closing costs. Don’t leave money on the table or miss opportunities for upgrades and customizations because you don’t have someone solely in your corner advocating for you.  

The purchase documents for a new construction typically are created by the builder’s attorney. These documents are often written in favor of protecting the builder’s best interests. Understanding the various clauses in the documents is essential. Your real estate agent can help you through this process. They will comb over the contract and bring up any issues or concerns. Additionally, they can help you address any items of concern with the builder and seller’s agent. 

Excluding a natural disaster or other unforeseen circumstances, a builder should complete your home in a reasonable amount of time. With that said, it is not uncommon for builders to have delays and for buyers to be left in limbo frustrated waiting for their homes to be completed. Your agent can be the squeaky wheel pushing for your home to be prioritized and ultimately minimizing delays.

When it comes to buying new construction, there are lots of benefits that come with working with an experienced real estate agent, and here at The Wolfe Team, we're here to help you.

 

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Erica Wolfe

No one knows their way around Jupiter, Florida like native resident and Realtor Erica Gouldy Wolfe. She’s been up and down just about every street of this charming, 24-square mile waterfront town. W....

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