As with the previous answers, it's always best to have your own professional representation. The sellers agent is just that, the sellers agent. They owe their fudiciary to the builder and will work in their best interest. They are required by agency law to do so. Therefore, they are required to share any knowledge they have about you that may be advantageous to the seller, they you may provide them without really realizing. Therefore, it is always best to have a Buyers Agent handle all negotiations and communications with the sellers agent on your behalf. As a Buyers Agent, I am required to provide the Buyer with what I like to refer to as LOADS...Loyalty to you, Obey your lawful instructions, Accountable for monies, deposits, forms, etc, Disclosure of all material facts that could influence your decision making, Skill, care and deligence in respresenting and negotiating on your behalf.
Thanks and have a blessed day!
Secondly if you have a home to sell in the local market it gives you negotiation room on setting the comission structure on your existing home.
Hope this helps.
1. Based on my experience with each builder (by the way, I have sold at least 25 homes in Twin Lakes by KB Home), I design my negotiating strategy to help my clients. Experience really helps in this area.
2. I have a Buyer rebate program by which I contribute certain % of my commission towards my buyer's closing costs. This becomes very handy especially in these difficult times.
Buyer's Agents will help you save money and time. The last thing you want to do in this kind of economy is overpay for a home. We know market conditions, neighborhood appreciation and what homes have recently sold for in the Greater Raleigh area, plus a lot of other pertinent information as part of the home buying process. What about pre-dry wall inspections, moldy wood that has gotten wet during construction, the house not appraising, price reductions on spec homes while you are building yours, these are all situations we are experienced in dealing with and give thought to before writing an offer!
Let us know if we can be of service. Our team is in Cary and has lots of experience with KB Homes.
Heather Sasser, Linda Trevor and Company .... 761-3815
A Buyer's Agent:
Help you create an appropriate offer.
Present the offer on your behalf.
Negotiate for youâ€¦and your interests!
Help you secure your mortgage.
Refer you to experts, such as attorneys, inspectors, insurance agents, land surveyors, and movers.
Advocate for you throughout the process.
All the previous answers are correct. Even though you've purchased homes in the past new construction is a little different. When you have a buyer's agent working on your behalf you have someone else negotiating the best deal for you as well as monitoring the progress of the construction. They can aid you in getting upgrades and price adjustments just to name a few.
There a lot of issues that arise along the way that often home buyers are not cognizant of that need to be resolved. It's definitely more hands on than resale properties.
Ultimately it's your decision as to whether or not you'd like to have representation but remember that this is one of your biggest investments and if you're opting to go it alone you should be very knowledgeable of all of the facets of the transaction.
Hope this helps and best of luck!
Your North Carolina Broker
Even though you are new to home ownership there is something to be said for having someone take care of everything for you and to help guide you through the piles of paperwork that lead to a successful closing.
Best of luck and if you would like more information or to discuss this please feel free to contact me.
Many people find it supportive and comforting to know that there is someone on "their side" whose function as their fiduciary is not to look out primarily for the builder's interests, but for the Buyer..
Yes, you can get the deal closed, and bargain for things as you go. No doubt. But, it is unlikely that a tract builder will reduce pricing to you in the absence of a Buyers' Agent, so why not avail yourself of the help?
It does not matter number of home bought and sold, we have investors who across the country their profession use realtor. They know the pitfalls from new construction, pre-existing homes.
Our office answers so many emails and calls a week when a buyer "either new or seasoned" thought did not need a realtor it was then tooooooooo late have an attorney or real estate agent become invovled. Earnest money lost, potential of being sued.
Rule of thumb never purchase a home direct from : bank / bulider / listing agent / seller unless you have your own agent , and covered under their e & o insurance if something does go wrong.
Amazing when buyers state "I never ... "
....OR " GOSH if I only knew that"
... OR " I did not realize could have had this added at no expense"