Why your real estate agent must accompany you when you visit a new construction
When you visit a builder's office in anticipation of viewing a model or new construction, you may see a sign that reads "If you have a real estate agent, he or she must accompany you on your first visit." This sign can be confusing to buyers. However, the reasoning behind this requirement is clear once you understand the dynamic between agents and sellers.
Commissions
One of the reasons builders post this sign involves the payment of commission. A commission is the amount of money a buyer's agent receives from the seller when the buyer purchases a home. Builders like to know how much commission they will be paying on a sale upfront, as this can sometimes affect their pricing strategies. Likewise, many builders have specific rules about how much commission they are willing to pay, and they want to be able to discuss these rules with the agent before any deals are made. In fact, some builders will even refuse to work with your agent if he or she does not accompany you on your first visit to a home or the builder's office.
Negotiations
Builders sometimes work with buyers who are not represented by an agent. In such cases, the builder or builder's agent is able to control negotiations, as most buyers are unfamiliar with the process. Buyers who bring an agent with them, however, will have someone on their side who understands the negotiation process and has experience working with builders. Builders like to be aware of this fact upfront.
Why You Need an Agent
Although it may be tempting to go it alone in hopes of getting a better price, a buyer's agent can provide value that surpasses the amount of money you could hope to save by eliminating a possible commission. For example, a Re/Max Realtor in Queen Creek AZ will be familiar with the area, the reputation of various builders and the estimated market value of the various homes for sale. Licensed realtors also have experience with the process of buying new constructions, and they are able to provide useful, unbiased advice to their clients.
If you are thinking of purchasing one of the new homes for sale in Queen Creek AZ, contact real estate agent Cathy Carter today to start looking for the right house. Even if you plan to purchase a new construction from a builder, Cathy Carter can ensure that you have all of the information you need to make the right decisions and get the best price on your new home.
Learn More About East Valley Arizona Real Estate!
With www.realestatechandler.com you'll be able to find your dream home in no time. If you have any inquiries about homes for sale, connect with Cathy Carter!
-Work With Cathy Carter For Unmatched Expertise On East Valley Arizona Area Buying & Selling!
It takes an experienced professional to help you buy a home
or to get your home sold for the best price.
Posted by Cathy Carter on
Leave A Comment