There are a variety of opportunities in the Phoenix Real Estate Market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.
There seem to be a lot of misconceptions out there about newly constructed homes, at least according to the questions we have been getting. We want to clear some of those myths up for you today so you can get a better understanding of how you should go about purchasing a newly built home.
1. Why use a buyer's agent?
Well, hiring a buyer's agent will help you out immensely, especially with newly built homes. The builder's representative, the listing agent, is only interested in selling the home for the best price for the builder. You want someone on your side who can negotiate for you and read through that dense contract to make sure you aren't making any unfair concessions. We have relationships with these builders and know what they can and can't do in terms of a sale price.
2. Can't you save money by not using a buyer's agent?
This is another common misconception. We can always negotiate a much better deal for you than you can yourself. This is our profession and it's what we get paid to do. We want to get you the best possible deal.
3. Are new builds negotiable?
Yes, some are. We want to touch specifically on spec homes, or homes that are in the process of being built or are already built. A lot of times, these homes have custom options already put in, so the listing agent will discount them to get the homes sold.
4. Does my buyer's agent need to be present for the first visit?
This is probably the most important tip. If you sign up with a builder right off the bat without talking to your agent first, you are waiving your right to representation. You want someone on your side to review that contract and make sure it is beneficial for you.
If you have any questions, or know someone who is looking to buy or sell real estate in the next 30-90 days, let us know. Give us a call or send us an email and we would love to help you out.
