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New Construction
Buying New Construction? Here's Why A Real Estate Professional Should Represent You
It might not seem necessary to involve a real estate professional in a transaction where a buyer can deal directly with a builder. Think again! A buyer's agent, a real estate professional representing the buyer's interests, can guide you along the right path, smooth the rough places and help ensure you make a decision you can live with (and in) for many years. Here's how:

Just as a real estate professional calls on experience and knowledge of an area to help buyers locate pre-owned homes in a community, he or she can also direct buyers interested in newly built homes to developments and communities that match client specifications.
An agent can suggest builders based on their reputation for delivering a high-quality product, responding quickly to issues, and being financially sound.
An agent may be familiar with how a builder prices his products and where there may be room to negotiate price or upgrades.

Without agent representation
Without agent representation, you are one buyer purchasing only one home. But an agent can significantly impact a builder's bottom line by providing a steady supply of customers. The agent's leverage may work in your favor at the negotiating table. [Note: The builder may require your agent to accompany you on your first visit to the site. Check with the builder.
The lender approval process may go smoother if an agent schedules visits, accompanies you to lenders, and helps expedite required documents.

Purchasing a newly constructed
Purchasing a newly constructed home is a stimulating opportunity, one that awakens the imagination and inspires a fresh approach to the property acquisition process. Customarily, buyers select one of two primary methods when becoming involved in a new construction purchase. An architect and a builder can be employed to construct a custom home on a parcel of land, or a house can be bought after the construction process is already underway. Either method allows for a varying degree of creative control and influence on the buyer's part. Conversely, both options introduce consumers to many specialized factors to be taken into consideration.
One notable difference in the transaction is the type of real estate contract used in the purchase of the property. On existing properties, buyers use the "Standard Real Estate Contract" provided by the Real Estate Commission. For new construction properties, builder contracts should be used to appropriately address specific issues and circumstances. We suggest negotiating the following items with the builder in advance. (Please be aware there may be numerous additional issues that are not mentioned below):

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FOR SALE BY OWNER LISTING WITH REALTOR'S MLS - Get you home listed on your local REALTORS Multiple Listing Service plus REALTOR.com, MSN.com Real Estate & virtually every local REALTOR website. Get a Photo Listing on this website with printable house flyers, maps driving directions and more.
$395

FOR SALE BY OWNER LISTING, WITH REALTORS MLS AND SHOWCASE OPTION -Your home listed on your local REALTORS Multiple Listing Service plus REALTOR.com, MSN.com Real Estate & virtually every Local REALTOR website. Get a Photo Listing on this website with printable house flyers, maps driving directions and more.
$495

With this new feature, "Showcase Listings" you are allowed to add 5 additional photos and a new custom description of your home on Realtor.com. It includes an eye catching scrolling banner, which is more attractive to a prospective buyer. Showcase listings will place ahead of non-showcased homes, and allow you to advertise your open houses for free.
 
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