The BRC recently provided advice for buyers of newly-built properties. Below I have outlined their recommendations:
Buying A Brand New Home Is Exciting. The ability to choose your favorite floor plan, personalize your interior decor by choosing colors, options and features that suit your needs and wants, can be a satisfying experience that enhances your enjoyment of living in a beautiful new space you designed.
Buying a home is a complex process, and is probably the most expensive transaction an individual ever makes. All home transactions have serious financial obligations that you will be expected to fulfill per the terms of the contract or face financial implications if you don’t.
Because you don’t purchase a home very often, you won’t have the experience to recognize nuances in a contract. That’s why its a good idea to find a licensed real estate professional to help you navigate the complexities involved in the home buying business.
Your licensed real estate agent works for you. When you engage a licensed real estate agent, he or she has a fiduciary responsibility to work for your best interests. The agent will use his or her expertise to help you comprehend the intricacies of your new home transaction.
Buying a new home requires planning ahead. Choosing to engage a CHR licensed real estate professional before you start your new home search is one of the smartest choices you can make to protect yourself in a legally binding transaction. This knowledgeable agent can recommend the best Builders and explain the steps you will need to take to make a new home transaction easy and fun.
The Builder will pay your agent a commission. Many people think they don’t need a real estate agent in a new home transaction because they can get a better “deal” or they believe they have to pay the agent’s commission. Reputable Builders have marketing funds specifically allocated to pay for your agent’s commission.
Your real estate agent can sell your current home. If you own a home now, you will probably need to sell it to have funds to purchase a new home. Your CHR real estate professional will help you sell your current home by marketing the homes to buyers and other agents.
Your Real Estate Agent can help negotiate a better price. Using search tools only available to licensed real estate professionals, your CHR agent will help you make an informed decision on competitive pricing for the neighborhood you want to live in, then negotiate the best possible price for your new home.
Your real estate agent can guide you through the lending process. Your CHR real estate agent can help you determine the best mortgage lender. Many buyers choose to purchase the home through the Builder’s mortgage company because of simple convenience.
Your agent is the liaison between you and the Builder. Because the agent works on your behalf, he or she will ensure that you and the Builder are following the terms of the contract. If a situation comes up, your CHR agent will work for you to attain a favorable solution.
Your agent can recommend resources you might need during the new home transaction. Home inspectors, structural engineers, movers, handyman services and attorneys can aid and support your transaction if necessary. Your CHR real estate agent has relationships with many of these professionals.
Selecting options for your dream home can be fun. When choosing options to enrich living in your new home, are you also thinking forward to the time when you want to sell your home? Your CHR real estate professional uses his or her experience to advise you about options you’ll enjoy and will make your home more appealing to buyers when you’re ready to sell.
Plan to be the smart home buyer by hiring a CHR licensed real estate professional to protect your interests when making a major purchase you only do a few times in your life. You’ll be glad you did.