When buying a new construction home, many homebuyers assume that they do not need the services of a real estate agent. After all, the home is brand new and there are no issues to be found. It is important to note that when buying a new construction home, the builder’s agent represents the builder, not the buyer. This means that their primary goal is to ensure that the builder makes the sale, not to protect the buyer’s interests.
Using the builder’s agent may also limit the options available to you as a buyer. The builder’s agent will only show you homes within the builder’s portfolio, rather than showing you all the options available in the area. Additionally, the builder’s agent may not be able to provide you with an unbiased opinion of the home or the community.
One of the main reasons to use an agent when buying new construction is that they can help you navigate the complex process of buying a new home. This can include everything from helping you find the right builder and community to negotiating with the builder on your behalf.
A study by the National Association of Realtors (NAR) found that homebuyers who used an agent when buying a new construction home paid on average 2.5% less than buyers who did not use an agent. This is because agents are able to negotiate better prices and terms on behalf of their clients.
It is important to note that when buying a new construction home, the builder’s agent represents the builder, not the buyer. This
In short, while it may be tempting to use the builder’s agent when buying a new construction home, it is important to remember that they represent the builder, not the buyer. Using an independent agent can provide you with a wider range of options, better representation, and a more favorable outcome.
- “Why Use a Real Estate Agent When Buying New Construction?” from the National Association of Realtors: https://www.nar.realtor/why-use-a-real-estate-agent-when-buying-new-construction
- “Why You Need a Buyer’s Agent When Buying a New Construction Home” from The Balance: https://www.thebalance.com/why-you-need-a-buyers-agent-when-buying-a-new-construction-home-1798349
- “Why You Should Use a Real Estate Agent When Buying a New Construction Home” from Redfin: https://www.redfin.com/blog/why-use-real-estate-agent-buying-new-construction-home/
- “Why Use an Agent When Buying New Construction” from The KCM Blog : https://www.keepingcurrentmatters.com/2020/09/11/why-use-an-agent-when-buying-new-construction/