Buying new construction seems simple, right? Just pick out the floor plan you want, choose the perfect lot, and watch it go up. No sellers to deal with, no unexpected fixes that come up during the inspection, no long negotiations. Right?
Not so fast. In any real estate transaction, it’s important to have a professional on your side, even if the process seems straightforward.
“Having your own agent provides a sense of security,” says Seattle-area homeowner Kristy Weaver, who has bought two new construction homes from two different builders. “It gives you some peace of mind, knowing that someone is looking out for your best interest.”
“Your agent can rely on their own experience and that of their colleagues to help you find a builder you can trust,” says Portland, OR-based real estate agent Kim Ainge Payne of the Realty Trust Group. “What’s the quality of the workmanship? What kind of warranty do they offer? What’s their track record of resolving issues? Getting a clear understanding, in the beginning, can alleviate serious headaches down the road.”
The timeline for purchasing new construction is typically quite a bit longer than buying an existing home. From the first time you visit the models, to choosing your floorplan, build time, inspections, and finally closing, there are ample opportunities for things to go sideways — like construction delays, permit proplems, and lending concerns. An experienced buyer’s agent can help you navigate all of these sticky situations.
Even if you’ve purchased a home before, the contract for new construction is a whole different animal, and an experienced agent can help you make sure you understand everything, from floor plans to earnest money requirements, deadlines for requesting changes, and timelines for completion.
“It’s crucial to have a third party who represents your interests in the transaction,” says Dmitry Yusim, a Seattle-area agent who has represented new construction buyers. “A good agent can add the proper addendums to protect you if something falls through.”
Buyers’ agents know the areas where you’ll find the most wiggle room when it comes to negotiations.
“Builders are trying to keep their sales price up so that the next buyers through the door see the higher closing price,” explains agent Britt Wibmer of Windermere Real Estate in Seattle. “They’d much rather throw in closing costs or additional upgrade credits.”
Builders will offer you endless options for finishes and upgrades, and it’s easy to get overwhelmed. A seasoned real estate agent can recommend the upgrades that will get you the most bang for your buck in resale value, suggest finishes that might be cheaper to do your own, and help you avoid over-improving, which can jeopardize your appraisal before closing.
Even though a friendly sales representative will greet you with a smile the moment you walk through the door of the sales center, don’t forget that they work for the builder. Bring your own agent with you starting with your first visit — in fact, many builders require your agent to register with them from the very beginning in order for them to be involved in the process and receive their commission.
With a professional you trust by your side, you’ll rest easy knowing someone is there to protect your money, your time, and your new home.
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Baylen provided invaluable guidance and advice when I decided to sell my rental property. He took the time to talk about different scenarios that were available. He went over the pros and cons of different choices. His professionalism gave me enough confidence that the sale of my property was in the right hands. Throughout the process he was patient (honestly, I was a bit more anxious to get the house sold than the average client) and was always quick and responsive anytime I had a question or request. I recommend Baylen to anyone seeking to get their real estate needs met in a prompt and professional manner.
Baylen was great from day one. Very friendly and very knowledgeable. He was very helpful with all the little things that we as first time homebuyers didn’t know of. Baylen got us our first home and we couldn’t be any happier. Very patient person with a great attitude to go along with a great personality. We recommend Baylen to anyone out there trying to purchase in the near future.