Building a new home should be an enjoyable experience. Unfortunately, that’s not always the case. There are a lot of moving pieces when building a home, and if you’re not familiar with what to expect and how to avoid common mistakes, the experience can pivot from a happy dream to an unforgettable nightmare pretty quickly. A buyers agent can guide you to minimize stress and alleviate worry.
When dreaming of building turns into planning and action, it’s time to find a Realtor that specializes in new construction. They can guide you in every aspect of your build. Buyer’s agents are free to the client and can be a Godsend when facing all of the decisions required for new home building.
A Buyers Agent Works Solely For the Buyer
A buying representative works solely for the buyer. Their duties are not co-mingled with obligations to the builder or developer. They are able to fill in the blanks where a new sales specialist is not allowed to comment.
A Buyer Representative Owes You More Duty of Care
When we represent a buyer, we owe them obedience, loyalty, disclosure, confidentiality, accountability, and reasonable care. The salesperson at the development can only offer facts. They cannot recommend or give you advice, and they cannot enter into an agency agreement with you. You must remain their customer and can never be their client.
An Experienced Buyer’s Agent Has Developed Relationships With Several New Home Builders
This is beneficial to anyone in the market to build. Sometimes it makes more sense to purchase land and wait to build. Other times, a buyer needs something soon. An experienced buyers agent has already established the relationships that can save you tons of time researching developments for a good fit. We also know which builders will do a home sale contingency and which have unique financing opportunities. We are able to match a buyer up with the right builders so that they can interview each and then make a decision as to which one fits them best.
Buyer Agency is Free
Buyer agents are paid by the development or builder in most cases. Builders nurture the relationships with preferred agents because they know that agent will refer clients their way if the client is a good fit. Once a home purchase closes, the buyer’s agent is paid by the seller (developer) at closing.
A Buying Representative Can Match You Up With a Lender That Fits Your Needs
Not all lenders are created equal and if a developer has a special relationship with a lender they may only offer incentives if you use their lender. Sometimes, their lender is more expensive in the long run. A buyers agent has built relationships with multiple lenders and can often persuade the developer to offer incentives even if you don’t use their “preferred” lender. Remember, we work for YOU and not the developer.
These are just some of the highlights a Buyer’s Agent provides for their clients. It goes way beyond these five things. We are there with you every step of the way. We cheer with you, we cry with you, we offer advice on colors, flooring, finishes, and even furniture placement. We can explain the 13 stages of building, and when you think the builder is stuck we can advise you why it’s taking a bit longer at this stage, or we will get on the phone and find out why the builder seems stalled. We become your friend, and your property becomes our priority.
Yost Group Properties specializes in new home construction and can help you with everything related to home building. Connect with us for more information.