For many homeowners, building their own, brand new home is the fulfillment of a dream. Building gives you the opportunity to put your unique stamp on a home and know that it is tailored to your tastes and lifestyle. It is a rewarding experience, but can be overwhelming to those who are new to the process. We can help!
So why don’t all new-home buyers use a buyer’s agent to help them navigate the purchase of a brand-new home? It requires planning ahead, and often time’s new-home purchases begin unplanned, when the buyers notice a “Grand Opening” for a new-home development and stop to take a look.
When asked to “register” by the model sales agent, they fill out a card with their name and contact information. Should the buyers then decide to have buyer’s representation, the builder will require that the buyer pay the agent’s fee, usually 2 to 3 percent of the base price.
New-home buyers need to understand that the builder representative, or the Realtor who might be working in that model, always represents the builder. Their primary job is to represent the builder and protect the builder's interest. So you should have somebody protecting yours.
There is a listing contract in place that specifies the agent’s duties and the commission to be paid to a buyer’s agent, by the builder, out of the marketing budget. If you, as a new-home buyer, don't have a buyer's agent the builder simply keeps the money that is included for your buyer's agent's fee. It's just like having a Realtor on a resale house.
Without real estate agents and their clients, builders cut a very important source of buyers to their communities. In fact most builders embrace the services of experienced buyer’s agents, and here are a few of the reasons:
Whether you are an experienced luxury home buyer or a first time buyer, contact Dave Schott to schedule your initial home buying consultation. We will provide you with a pleasant, relaxed home buying experience and will help you find the home of your dreams.