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Should I Use A Realtor When Buying A New Home From A Builder?
Using your own Realtor to purchase a new home from a builder can save you a lot of money...and grief.
Who is going to read the fine print and ensure you are getting the best possible representation?
Getting a cash incentive or contribution towards upgrades and/or closing costs sounds VERY GOOD; however, what is the builder's incentive for doing this? What interest rate and monthly payment are they offering? Would you get a lower rate and monthly mortgage payment using your own lender? Additionally, what is the builder's lender charging you in fees (origination fees?) I would recommend speaking to a trusted lender (or two) and see what rate and payment they quote you. If it's the same as the builder’s lender, then those incentive dollars make sense and you're set. If the builder’s lender is charging you a higher interest rate and payment, then you’re likely paying for those incentives in other ways. It could just be a marketing ploy.
Additionally, did you know that the home price and upgrade expenses are typically negotiable? In fact, everything is usually negotiable. Many builders take advantage of people who walk into the model homes simply because the average person is unaware that the terms may be negotiable. They may even tell you that the price of the home and terms are fixed, however, this may or may not be the case.
If you bring a Realtor of your choosing with you to purchase a new home, you can usually get a better deal, because the builder knows you are being represented by a licensed professional. Additionally, it is FREE to use your own Realtor, since the builder pays the Broker fees out of their pocket...not yours.
The days of lotteries and putting your name on waiting lists to buy new homes are long gone. Don't be fooled by free cookies. Free Buyer Representation from the Realtor of YOUR choosing beats free cookies any day! Let us get you the best deal!
The Myers Team with Simply Vegas Real Estate is nationally recognized as top Realtors in the Las Vegas area. They know how to negotiate with new home builders to get you the best possible terms.
Visit the Myers Team web site at http://www.LasVegasList4Less.com
Additionally, visit http://www.NevadaShortSaleInfo.com
The Myers Team
Page Updated Last on: Jan 13, 2014