Wednesday, July 05, 2006

Do I Need a REALTOR when I Buy a Brand NEW Home?

Of Course You Do!!!

Think of it this way... when you walk into a Builder's model home and you're greeted by the nice lady or man, he or she works for the Builder and works for the Builder's best interests, not yours! You are the buyer wanting to buy one of their products. They are there to get the highest possible price from you for the seller, the builder.

Some people think they'll get a better deal if they don't have a Realtor in their corner with a Builder. It is against TREC rules (Texas Real Estate Commission) for a builder to charge a buyer different amounts if one comes in with an agent verse someone coming in without one. Realtors get paid through the Builder's marketing budget which is completely different than the sale of the actual house. Builders market to Realtors all the time with luncheons, flyers, bonuses, and different things like that. They want us to bring buyers to them, so they would not jeopardize the builder-realtor relationship buy giving discounts to buyers without their own representation.

There are many things a Realtor is involved with when you buy a brand new home, just like when you buy pre-existing. The lists are just different. I help with the negotiations on the lot and features for the house. I negotiate how your buyer incentives will be utilized as many times the incentives are tied to using the Builder's lender. I help with the design studio selections so you build the home with resale in mind as well. I help make sure you're getting the best loan and help you negotiate that... There are many things I do.

Remember, as a buyer, it doesn't cost you a penny to have your own representation as it's usually taken care of by the seller.

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