Finding the right home is one of the biggest challenges for potential buyers today. Right now, the supply of homes for sale is still low. But there is a bright spot. Newly built homes make up more of the total homes available for sale than normal. That’s why if you’re craving more options, seeing if a newly built home is right for you makes sense.
But it’s important to remember the process of working with a builder is different than buying from a homeowner. And, while builders typically have sales agents on-site, having your agent helps make sure you have proper representation throughout your home-buying journey.
As Realtor.com says:
“Keep in mind that the on-site agent you meet at a new-construction office works for the builder. So, as the homebuyer, it’s a smart idea to bring in your own agent, as well, to help you negotiate and stay protected in the transaction.”
Here’s how having your agent is key when you build or buy a new construction home.
Agents Know the Local Area and Market
Considering how the neighborhood and surrounding area may evolve before purchasing your home is important. Your agent is well-versed in the upcoming communities and developments that could influence your decision. A real estate agent can help by reviewing the builder’s site plan.
For example, you’ll want to know if any plans exist to construct a highway or add a drainage ditch behind your prospective backyard.
Knowledge of Construction Quality and Builder Reputation
An agent also has expertise in the construction quality and reputation of different builders. They can give you insights into their track record, customer satisfaction, and construction practices. Armed with this information, you can choose a builder known for consistently delivering top-notch homes.
Assistance with Customization and Upgrades
The most obvious benefit of new home construction is the opportunity to customize your home. Your agent will guide you through that process and share advice on the upgrades that are most likely to add long-term value to your home. Their expertise helps make sure you focus your budget on areas that will give you the greatest return on your investment later.
Understanding Builder Negotiations and Contracts
When working with builders, having a skilled negotiator can make all the difference. Builder contracts can be complex. Your agent can help you navigate these contracts to ensure you fully understand the terms and conditions.
Plus, agents are skilled negotiators who can advocate for you, potentially securing better deals, upgrades, or incentives.
As Realtor.com says:
“A good buyer’s agent will be able to review any contracts before you sign on the dotted line, ensuring you aren’t unwittingly agreeing to terms that only benefit the builder.”
Bottom Line
If you want to buy or build a new construction home, having a trusted real estate agent in Chicago, Illinois, can make a big difference. If you’d like to start that conversation, let’s connect!
