What’s A Builder’s Agent?
When you buy a new construction, the home’s builder is considered the seller, and the agent representing the builder is called the builder’s agent. They represent the best interests of the builder, not the buyer.
According to and article in the National Association of Realtors Magazine, ” If you are interested in buying a new construction, the builder’s agent will be ready to help you with the process. But make no mistake: You need your own real estate agent from the get-go. Even if it seems like plug and play to sign up with the builder’s on-site agent, you’re going to want someone representing your side of the deal.”
The Article from NAR explains, “After all, the job of the builder’s agent is to get the highest price for the homes the builder is selling so the agent is not going to be as eager to negotiate down.”
5 quick benefits of Benefit of getting real estate agent representation when you build:
- Representation for buyer to help buyer negotiate extras in order to get the most value for your money
- Get Advice and guidance from an experienced professional regarding what upgrades will give you the best resale value
- Non biased information about the pro’s and con’s of a community
- Advice on Financing options besides builder’s lender
- Inspection options – not all builder’s allow you to have an inspection unless it is put in contract
Make sure in order to get representation, that you bring your real estate agent with you the first time you go visit a community or the builder. Since, the builder pays the commission they may not allow you to add your agent on later.
**Mention this BLOG and Taylor Team will give a 1/2% towards buyers closing costs when representing a buyer who purchases a new construction home.
** Lender/builder restrictions ma apply.