Is it better for realtors to work with builders?
Realtors used to believe that they were better off working alone, but lately more and more builders and realtors are collaborating and the results are showing. Let’s talk a bit about this beneficial partnership. Realtors have a job to do and so do home builders.
Can a builder bring his real estate agent?
The downside of not bringing your own real estate agent along is that all the information the prospective buyer receives is filtered through the builder/seller’s agent. Another issue is that the first visit to a new development typically sets a chain of events in motion.
Do you consult a realtor before touring a model home?
Before touring model homes, consult a Realtor. Many new home buyers mistakenly anticipate that if they approach the new home builder or his representative directly, they can negotiate and pay a lower price for a home. They wrongly assume that they will avoid the expense of real estate commissions and therefore lower the price.
Who is the real estate agent at a new home development?
Almost always when a prospective new home buyer visits model homes at a new home development, there is real estate agent on site. That person asks the prospective buyers questions, directs them to view the models, helps draw up the agreement if a prospect decides to buy and, most important, is a representative of the builder and/or developer.
Can a real estate agent work with a builder?
An even better scenario involves hiring an agent well versed in the new home sales process, which is different than a standard real estate transaction. An experienced agent can help the buyer negotiate a new home purchase with the builder.
How often do Realtors sell new construction homes?
Realtors sell over 70% of all new construction homes, according to the National Association of Realtors. But, what does that mean to you, the buyer? It means that an agent has clout with the builder, especially if the agent is associated with a large, national firm. Statistics show we will be back if that builder does a good job for you.
Do you need a realtor to represent a builder?
Builders will not credit buyers the commission they would otherwise pay to a Realtor. If they were to do so, realtors would no longer bring clients through the builder’s doors and ultimately it would impact their future sales. Therefore, there is no downside and no cost on your end to have an outside agent represent you.
Almost always when a prospective new home buyer visits model homes at a new home development, there is real estate agent on site. That person asks the prospective buyers questions, directs them to view the models, helps draw up the agreement if a prospect decides to buy and, most important, is a representative of the builder and/or developer.