A colleague outside of the real estate business recently asked me if he needed a Realtor when purchasing new construction.
Well – it depends.
If you are the type of person who can cut your own hair, perform your own knee surgery, or fit your own contact lenses, then no.
(And, also, you rock.)
If you are like the other 99.9 percent of the people in the world who happen to be great at some things, but not an expert in all things, then yes. A Realtor, even for a new build, is essential.
Why? Well, a Realtor works for you, not the builder. This means that your needs and wants are the number one priority during negotiation, purchase, construction and final walkthrough. A Realtor is looking out for you. A builder is looking out for the builder – aka: himself.
Here are some added benefits:
If you know where you want to live and the model build you want, you are ahead of the game. If you don’t, a Realtor can offer valuable, unbiased insight on floor plans, finishes, and even plot angles. A Realtor comes to the table with a vast amount of knowledge about the builder’s reputation and can help you avoid costly mistakes and long-lasting headaches.
Using a Realtor will not cost you extra money, but will save you dollars in the end. A Realtor’s commission is paid by the seller – in this case – the builder. But the Realtor is working for you, to protect you from unnecessary upgrades in the beginning and from not getting everything you’ve been promised in the end.
A Realtor has been through the process of buying before (probably dozens, if not hundreds of times). And while this may not be your first home purchase, it is still beneficial to have someone representing you in the transaction. And since you are the one who is spending your hard-earned money and you are the one who is waiting months for a new home and you are the one who is going to live in said home for the next chunk of years, it only benefits you to have someone on your side. Why be the Lone Ranger when you could have Tonto?
Final note: If you are touring a new construction model and the builder may ask you to ‘register’. It’s best to either decline this offer or tell the builder that you are already working with a Realtor and will be returning with him/her at a later date. Builders will always encourage buyers to spend on upgrades, and having a Realtor representing YOU will protect you and your bank account. Negotiating directly with a builder is doable, but not recommended – like cutting your own hair. Performing knee surgery on yourself. Fitting those lenses.