Why you need an agent when purchasing new construction
We all know that new construction is everywhere around us in St. Johns County. Just look on any street corner and you are sure to find new development in the area. Now more than ever its more important to work with a professional when considering a new construction purchase.
As a full time agent that is working in the field 7 days a week I have many vendor connections as far as lenders and other industry professionals and word gets around when customers are not taken care of by certain service providers.
With new construction there are many things that could go wrong. One of the biggest complaints I get with new construction is a builder delivering their promise on construction timeframes and completing the home when promised. Working with an agent can help you in guiding you with a builder who has a reputation and can get it done… and most importantly on time.
Guide on you appropriate upgrades and Plan Modifications
One of the nice things about purchasing new constructions is that with most builders you will have the opportunity to pick out your upgrades and change plans to fit your needs. Having an experienced agent in your corner can assist you with picking out updates and additions that will add value to the home over the years and help you with the overwhelming choices you ill have while designing the home. The last thing you want to do is make specific changes that will cause a loss in future value when you may be potentially ready to sell down the road.
Making sure the paperwork and the contract is all in order
When purchasing a new home the contracts can greatly differ than purchasing a re sale home. These contracts in most cases are written to protect the builders interest and can cause confusion if not working with an agent that is experienced with dealing with such contracts. Contingencies on binders and inspections among other things are some of the most important aspects of these contracts.
Another thing to consider is the closing costs as they can vary vastly when purchasing new construction. In St. Johns count many of the customary seller closing costs are passed on to the buyer when purchasing a new home. Although this can be a cause for concern there are many advantages to buying new.. one example is closing cost incentives… many new home builders will provide the buyer with substantial closing cost incentives which is another reason an agent is so important in making sure you are aware and given those at the time of contract.
The agent on site represents the builder, NOT YOU.
The most important advice is that the agent on site represents the builders interest and not yours at the end of the day. You need someone looking out for your best interest, and the best part is that the builder covers the agent fees at closing so there is no cost to you for this representation. There are many things that need to be looked over when purchasing a new home from picking the builder, lot choice, upgrades and plan mods, contracts, and most of negotiating on your part.