Buying a New Build? Get a Realtor!
One of the biggest mistakes people make when it comes to buying
a new build is thinking that they don't need their own realtor.
This is mostly due to inaccurate myths and misinformation about
real estate. Let me explain why. Why do I need a Realtor? I
guess the question you need to ask yourself isn't "why do I need
a Realtor?" A better question is "why wouldn't I get a Realtor?"
Some people believe that if they don't use a Realtor when
purchasing new builds that they will receive a price reduction
or a "better deal". This just is not true. Usually the price of
a new build is not negotiable so whether or not you have
representation the price will most likely stay the same. Why do
I need Representation? The key word here is representation. It
is always a good idea to have someone working for you that has
your best interest at heart when making the biggest investment
that you might ever make. You will have someone working for you
to look over the documents to ensure that everything is in
order. Most importantly your realtor can keep up with the
process of the purchase to ensure everything is moving along
smoothly and that your best interest is being met, not the
builders. How much will it cost me? The best part of having a
Realtor is that it's FREE!! It should not cost you the buyer
anything. Most new builds CO-OP to realtors and actually welcome
Realtors. Remember that your Realtor needs to be with you to
sign you in the first time visiting new build sites. If you go
without your Realtor on the first visit, the builder will not
pay their commission if you decide that you want one.
So, if you are in the market of purchasing a new build home, go
out and get representation. You will have peace of mind knowing
that a professional Realtor is looking out for your best
interest. Remember that new build Realtors work for the builder
but your Realtor is working for you. Thank you and good luck
with your new home.
Erica Wilson is a full service Realtor working with Merit
Company Inc. and serving the Colorado Springs and Pikes Peak
areas. You can search for Colorado Springs
Real Estate at http://www.springscoloradorealestate.com