Purchasing a new construction home is exciting but comes with unique challenges that a realtor can help you navigate. Builders’ agents work for the builder, so having your own advocate ensures your interests are protected throughout the process. Here’s how working with a realtor benefits you and what to expect from start to finish:
Why Work with a Realtor?
- Representation: Builders’ agents prioritize the builder's interests. A realtor works exclusively for you, offering unbiased advice and advocating for your needs.
- Negotiation Expertise: A realtor can negotiate on pricing, upgrades, incentives, or closing cost assistance, ensuring you get the best value.
- Guidance Through Contracts: Builders often use complex, builder-friendly contracts. Your realtor will review these to ensure you understand your obligations and rights.
- Knowledge of Inspections: Even new homes can have issues. Your realtor will guide you through third-party inspections to ensure your home meets high-quality standards.
- Market Insights: Realtors know the local market and can help you compare builder offerings with resale homes to make an informed decision.
Steps in the New Construction Process
- Initial Research and Builder Selection
- Identify builders in your desired area and compare floorplans, features, and pricing.
- Visit model homes with your realtor to assess quality and suitability.
- Choosing a Lot and Floorplan
- Select a lot that suits your needs and budget. Premium lots often cost more.
- Customize your floorplan or choose upgrades with your realtor’s guidance to ensure resale value.
- Builder Contracts and Financing
- Review builder contracts carefully with your realtor.
- Some builders offer preferred lenders; your realtor can help you evaluate whether using them is advantageous.
- Pre-Construction Phase
- Attend a pre-construction meeting to confirm your choices.
- Your realtor will monitor the timeline and ensure builder commitments are met.
- Construction Phase
- Stay informed about progress with regular updates.
- Your realtor can help coordinate third-party inspections at key milestones (e.g., foundation, framing, final walkthrough).
- Final Walkthrough and Closing
- During the walkthrough, your realtor will help identify any issues or unfinished items in the home.
- At closing, they’ll review the settlement statement and guide you through the paperwork.
Beyond Closing
- Your realtor can assist with post-closing concerns, such as warranty claims or resale considerations down the road.
- They’re also a valuable resource for connecting with trusted local service providers.
Working with a realtor ensures you have an advocate to simplify the process, protect your investment, and make your new home build a rewarding experience. Ready to get started? Let’s build your dream home together!