You may find the following quite helpful if you are leaning towards a new home builder purchase:
"Why You Do Need a RealtorÂ® When Buying From a Builder"
Visit http://www.BlackstoneEDH.com for more information and to speak with a Blackstone El Dorado Hills real estate expert today!
If you have other questions or need help I'm almost always available.
Michael Alumbaugh, Realtor
FIVE STAR AWARD Agent
REMAX Gold - El Dorado Hills
Cell # 916.718.8270
email - firstname.lastname@example.org
I know this is an old conversation but I could not pass this by. Someone said that getting a new home inspected was not a good idea here in California. I am a home inspector in El Dorado County. I have found many significant issues with new homes, even the best built ones. Builders cannot always keep track of what their subs do and the county inspectors do not have the time to do a thorough inspection. They do not go in roofs, under houses or in the attic. Not having a new home inspected is foolish.
I have found: Disconnected ducts, improperly installed fireplace chimneys, a furnace that had flames coming out of the firebox, missing insulation, improperly installed windows, siding buried in the soil by the landscapers. The list goes on and this is from some of the best builders in the county.
This is not to say the builders do not do a good job. Generally they are happy to learn about these things and fix them before the buyers move in. It is easier for everyone involved. Getting a new home inspected is well invested money.
Best of all, working a buyer's agent won't cost you anything! That's right -- their services are usually free to you because the seller will pay the commission for your agent.So, yes, it would be good to go with a Realtor.
A Realtor isn't going to cost you anything and it can't hurt to have someone on your side, representing you. It's generally true, as stated already, that you're not going to get a better price. However, I've seen plenty of times when a Realtor is able to negotiate a few extra amenities--a fireplace, appliance upgrades, flooring upgrades, etc.
As for the comment that you don't need a home inspection on new construction: Absolutely incorrect. I've seen plenty of new construction with serious problems that an inspector would have caught. Keep in mind that home inspectors don't just catch things that are due to age or wear-and-tear. If a wire isn't connected properly in the breaker box or the earth next to the foundation slopes in toward the foundation, those are things you should be aware of...and can happen with new construction.
You ask why a builder would sell to someone and pay a commission if a Realtor isn't needed. Well, often it's the Realtor who brings the buyer and seller together. Buyers may not be aware of specific communities, or the types of homes in them. It's just the same as asking why an individual with a pre-existing home would pay a commission to a buyer's agent. Answer: Because the buyer might not be aware of that particular house, or the advantages of a particular community.
Hope that helps.
The home builders are under much scrutiney from the Inspectors that come in from the Building Departments and inspect the homes at each step of the bulding process; i.e., foundation, framing, electrical, plumbing, sheetrock, etc.
have a couple of more questions
Why would a seller pay some money (commission) to the buyers agent...if he can sell the home to a guy with no realtor...and hence need not pay any commission especially when it is a seller's market
as the price of the home is fixed irrespective of having /not having a realtor
1. My understanding that the seller pays the commission is correct ? or is it the Banker
BUYING A HOME (The process start with the Banker not the Realtor)
Start the process right 1st by talking to a Licensed Mortgage Professional to determine who much home you can afford and whether you are credit wordy and is there an ability to repay the loan.
The Mortgage Professional will give you a conditional approval letter to take to the realtor.
Once the realtor has found your home you should get it inspected to determine if itâ€™s structurally safe (have the realtor recommend one locally) and be sure to ask your realtor to negotiate a home warranty paid by the seller.
Now is the time to determine and negotiate you rate and terms with the Loan Officer who is responsible to order an appraisal that you will be responsible to pay for prior to the arrival of the appraiser.
Youâ€™re Mortgage Professional / Loan Officer will be responsible to guide you the rest of the process and should not take more than 30 days.
Wherever you're located in this nation, you can trust you're working with a reputable mortgage banker - not a fly-by-night operation. Here's why.
Bank of England is partners with every major investor on Wall Street; allowing us to provide the best rates and terms on all mortgages.
We are approved by the Better Business Bureau and Bank of England /ENG Lending is the only mortgage bank among its competitors that is owned by a FDIC insured bank and did not need government bailout to remain solvent.
Bank of England loan officers don't simply facilitate the loan process; they act as "financial advisors," helping clients assess their finances on a larger scale. Whether you're self-employed and need a low-doc mortgage loan, or you're searching for the best rates on a jumbo home loan, your loan officer is here to find your perfect solution.
Get the facts about home mortgages from the experts at ENG Lending. Learn about different types of home mortgage loans and what to expect during the mortgage application process. Plus, find information about the current mortgage market and which mortgage myths you should never believe.
Let ENG's experienced Mortgage Bankers help you find a solution for your financial needs. Call or Email me to get a FREE copy of the top 25 question you must asked your loan officer before you do business with them. Benefit from my 21 years of experience answering the most common mortgage questions.
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I have another question, since having a realtor for the buyer is Free and (I think ) the seller needs to pay the realtor, so is there a chance that the price of home for the buyer is affected by this.
If you need any advice, please don't hesitate to call or e-mail me anytime.
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