The pandemic has brought about changes to the housing market across our nation and we have definitely felt it locally. For the month of July, the change in the number of units sold in Frederick
Why You Should Use A Real Estate Agent When Buying New Construction
Dated: February 14 2018
In today's market, new construction is everywhere! The decision to purchase a re-sale or have a home built for you can be tough, but for those who are not on a deadline and want a newer home that reflects their own style, new construction can be an easy choice. Most buyers don't realize how important it is to have real estate agent represent them in the purchase of new construction. Sales offices are open for walk-ins most days and it is easy to see models and discuss options with a sales rep., but even walking into a sales office and signing in without a real estate agent can cause you to lose your right to be represented! Here is what you need to know...
* A real estate agent must register you on your first visit: If you walk into a sales office and register yourself as not having a real estate agent, you forgo your right to have one represent you, even if you later decide you want one! Find a real estate agent who is experienced in new construction and go together to your first visit!
* Negotiation: Most buyers believe the myth that they can get a better deal by purchasing directly with the sales representative. In reality, a real estate agent knows how and when to negotiate certain terms, upgrades and incentives you would not normally receive otherwise.
* Navigating Options: New homes can quickly become expensive! The models are decked out with upgrades you may not even realize are upgrades. Your realtor will be able to find out what comes "standard" in your new home and what the added costs to upgrade are. Your real estate agent is also there to help you make decisions in options for your home and what will be the best investment for re-sales.
* Contract, Contingencies, Warranty, and HOA Restrictions: Your real estate agent will review your contract, keep track of your contingencies and deadlines, and review your HOA restrictions and warranties with you to make sure you are protected, educated and that you know what is happening when!
* Inspections: You have the right to your own home inspection, and your realtor can recommend private inspectors and help you throughout the inspection process. Just because you are having a new home built, does not mean you do not need your own home inspection!
Now that you know the importance of having real estate representation for new construction, make the smart choice!! The right agent is a valuable, advocate for you and can help make the process a million times smoother!
Born and raised in Maryland, Laura Kate Perez is very familiar with Frederick and the surrounding counties. Laura Kate holds a Psychology degree from Towson State University, and has worked with local....