There is no set policy that spans the entire industry. Traditionally, an investor who leases the home back to the builder makes the home available after the lease runs out. These are typically month-to-month leases.
It is good advice to stay in touch with the sales rep. If all of your ducks are in a row, you have a shot. So, talk to the rep. See if there is a sense about how and when the model will be sold. The community representative knows on what pace the homes are moving and therefore knows when the last lots will be sold. That's about when the sales team will vacate. Sometimes the sales people are already working from a new site when that occurs. The last homes can take longer, too. So you're likely to get only a general idea of when the model will be sold.
If that helps, there you are.
Best of luck.
Your Castle Real Estate
Good question. It is certainly better to have a Buyer's Agent when purchasing a new home from a builder. You have absolutely no representation otherwise. The builder's rep only has the builder's interest at heart and will make the best deal he can for the builder. I have bought and sold new homes in GVR over the years. They have the Buyer's Agent commission built into the price and are willing to have the agent work with their buyers. The builder prefers to have the buyer come into the development with the agent the first time. Sometimes they will not work with the buyer's agent after that; but we can certainly go out there and register in with them. That way they will let me know and you know when new properties become available or when a potential buyer drops out. Let me know how I can help.
Robert McGuire ASR
Your Castle Real Estate
1776 S. Jackson St. #412
Denver CO 80210
Direct â€“ 303-669-1246
Short answer, you should definitely use a buyers agent. I have several on my team that would be thrilled to help you get the best home at the best price. Call me at 720-296-5262 or email me email@example.com
My suggestion is to always work with a buyer's agent. Why not have a professional on your side, especially when the seller pays the commission.
However, if you have already registered yourself as an unrepresented buyer with the builder, the builder may refuse to pay a co-op.
Who is the builder in question? I could contact them and see what I can find out about this particular model and how they would address the issue of you working with an agent.
Best of luck,