An unrepresented buyer can be at a real disadvantage by deciding not to use an experienced real estate professional. Purchasing new construction is usually more complicated and intimidating than buying a resale home. It is important with a new-home purchase that a buyer use a real estate agent who is knowledgeable and experienced dealing with new home construction in Las Vegas to represent them in this process.
The people you see working at most of these new home builder demo models are staffed by agents who work directly and represent the builder. They are looking after the builder’s best interests, not the new home buyer. It’s as simple as that. Buyers need expert representation – and why not? After all, it’s free to consult a real estate agent to look after the buyer’s best interests in the process.
If a buyer were to just “stop by” and register for a particular new-home community without an agent, they are immediately at a disadvantage as the builder owes them no fiduciary duty. They are on their own in shark infested waters so to speak. Think about this:
- That friendly and helpful salesperson on site works for and represents the builder’s interest and the builder’s interest only. They are technically not there to “help” the potential new home purchaser – it’s very important that this point is understood fully.
- Knowledgeable agents know the new home communities well. They can inform the new-home buyer of any issues in terms of construction and knows what questions to ask because you don’t always get what you see.
- Many times, experienced agents save customers money just because builders may not disclose to potential buyers any developer incentives they may be offering. This point alone should practically insure that buyers should use an agent to represent them. The savings here can be in the thousands of dollars!
Agents give objective and professional advice and insight during all phases of the process, such as contract, construction, walkthrough, and closing. It’s important that new construction buyers understand their contract and obligations including when to schedule construction inspections. New home buyers definitely need an agent to negotiate purchase prices and terms, and experienced agents can use recent and historical sales data to aid in the negotiation. New home construction data is quite tricky.
Remember, using a buyer’s agent costs you nothing as the builder has allocated a sales commission to be paid to a buyer’s agent as most consumers are represented for the above reasons. When a buyer does not use a buyer’s agent, the builder either pays their sales representative a higher commission or pockets the savings – and it won’t help you in the slightest in that situation.
In summary, don’t visit that new home construction site on your own! Contact us first, or fill out the form below to schedule a quick complementary consultation that may save you both time and money.