Joy Moran


New Construction... 8 Reasons to use a Buyer's Agent


1. Buyer Agency representation is FREE to the buyer.  The commission is paid by the seller and is already included in the price of the home. 

2.  Buyer's Agents negotiate on the buyer's behalf. Your agent may have information about special incentives or bonuses that are promoted within the real estate community.  Even if the builder won't reduce the price, they may include additional upgrades at the same price. A professional buyer’s agent knows how to find the builder’s “bottom line.”

3. Buyer's Agents can provide advice on how your lot choice may affect future resale value and help you make the best building lot decision.

4. Neighborhood Knowledge. Agents either possess intimate knowledge or they know where to find the industry buzz about your neighborhood. They can identify comparable sales and hand these facts to you, in addition to pointing you in the direction where you can find more data on schools, crime or demographics. For example, you may know that a home down the street was on the market for $350,000, but an agent will know it had upgrades and sold at $285,000 after 65 days on the market and after twice falling out of escrow.

5. Don't limit your choices. You may not know it, but the home of your dreams might be in a community you didn’t know existed. A knowledgeable Buyer’s Agent might help you realize that there is a different community that better suits your needs and lifestyle. Agents will help you explore all of your options before you make a final decision.

6. A buyer’s agent works for YOU. This means they are obligated to help you find the best home at the best price. A Buyer’s Agent will never try to “sell” you a home. Rather, they will listen to your needs and help match you with a property that suits you. Most New Construction
communities will also have resale homes for sale. Your Buyer's Agent will be happy to show resale homes and help you compare them for value.

7. Explaining the Paperwork. One-page deposit receipts were prevalent in the early 1970s. Today's purchase agreements run 10 pages or more. That does not include the federal-and-state-mandated disclosures nor addenda dictated by local custom. Most real estate files average thickness runs one to three inches of paper, or are paperless transactions. Your Buyer's Agent will have experience in using all of the standard forms, and will guide you to seek professional consultation for builder's forms, as many builders have their own addendums if not the whole contract.

8. Develop Relationships for Future Business. The basis for an agent's success and continued career in real estate is referrals. Few agents would survive if their livelihood was dependent on consistently drumming up new business. This emphasis gives agents strong incentives to make certain that their clients are happy and satisfied. It also means that an agent who stays in the business will be there for you when you need to consult an agent again.