Why do I need a Buyer's Agent to buy a NEW home?
When you are looking for a home, wouldn't it be great to have someone looking with you? Someone that knows how to find what's available? Someone who is trained and skilled at real estate negotiations? Someone who knows the neighborhood and the prices for the area? Someone who represents you and your interests? Of course you do. That's what a buyer's agent is.
If you had an important legal case against another person, would you ask your opponents attorney to represent you too? No, you would have your own attorney to listen to what it is you wanted and have them represent you and your interests. That is basically what a buyer's agent does. Many builders will offer compensation to Buyer's Agents that bring buyers that want to buy a new home.
Does it cost more to use a Buyer's agent? In most cases you will actually SAVE MONEY, because your agent will know how to negotiate the best possible deal for you and can often get builders to throw in upgrades or discounts that are not advertised to the public. Your buyer's agent has access to archives of sales records and statistics for every neighborhood in the area and knows exactly what every home is worth.
Although it is possible to call the agent that is listed on the sign in the yard and use them to handle the transaction, you need to remember this....... The listing agent, by law, represents the seller and the seller's interests and cannot give you information that would give you an advantage over his client, the seller. In most cases, you will not save money by using the listing agent to handle the deal for you as the buyer.
Be sure to have your agent accompany you to the model homes so that the agent can register as your representative. This gives you the most leverage when it comes to negotiating with the builder.
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The information contained on this page and website was written and produced by Dave Turnquist and is the sole property of San Jacinto Properties. No unauthorized reproduction or use of this information is permitted without the expressed written consent of Dave Turnquist, Broker/Owner of San Jacinto Properties