K. Jennifer Cook

Broker Associate, REALTOR

Real Estate Blog

Why You Need An Agent For New Construction

1/4/2018

 

Are you ready to buy a home and considering going in the route of new builds? It may seem like an easy enough process, but there is a lot of risk when it comes to new construction. It's unfortunately not as trouble free as we'd like to hope. Below, we'll dive into the many reasons you need a professional buyer's agent representing you in the sale.

1. HIRING THE RIGHT BUILDER

The most important part of finding an agent is having a professional's perspective to finding a builder with a great reputation. You get to benefit from your agent's network of vendors, lenders, and home builders. They have the industry expertise to connect you with a builder that matches your needs, and more than likely, have already had experience with the builder with a past client. Or, if they haven't worked with a builder you want to use directly, they can gather person-to-person recommendations from other agents to know the expected experience with said builder. They will help you find one, that not only delivers exactly what their clients want, but in a timely fashion.

2. THE RIGHT LOT IN THE RIGHT NEIGHBORHOOD

The lot you choose to go with in a new build can either be a positive to your new home, or detrimental. In the excitement of the process, we tend to overlook important features of a property. It's important to have a professional to ensure you make a purchase that will best serve you. They'll be able to find a neighborhood that best fits your lifestyle and a lot that has a location that works for you. Whether you're single with pets, or a family with children, the lot location can really make a huge impact. Especially when it comes time to selling it in the future. These are important things your agent will be able to help walk you through, so your decisions work in your favor in the long term, as well as now.

3. UPGRADES AND PLAN MODIFICATIONS

Not only will your agent be able to ensure you get the upgrades and modifications that will best suit your lifestyle, but will also help you make decisions that will increase the value of your home in the long term. They are working for your best interest long term, and with an agent's guidance, you can be sure to make changes that end up benefiting you.

4. HANDLING CONTRACTS AND PAPERWORK

Your agent will handle the contract and all of the paperwork, and they will be sure to review it to ensure that it is in your best interest. They will be able to help you break down the best loan types, purchasing processes, and steps to take that benefit YOU, not the builder. They'll make sure there are no overlooked terms in a builder's contract that could end up hurting you after you move in. Or even during the building process. You want to make sure you have a professional who is experienced with the paperwork and contracts and knows how to make revisions that work in a way that make you happy.

5. NEGOTIATIONS

It is imperative in the purchasing process to have an agent that is able to represent you and negotiate for you. The building process is so much more than having the builder put in your favorite counters and floors. They will be able to get you a price that benefits you - not the builder. They will be able to run a comparative market analysis to ensure you are paying a fair price for the property. You don't want to end up overpaying for the home - it could put you in a tough spot when it comes time to sell. They'll also be able to negotiate terms around building time frame, closings costs, and so many other aspects of a contract that you may otherwise overlook.

6. BUILDER'S AGENT REPRESENTS THEM, NOT YOU

It may seem easy just to pop into an office of a new build, or a builder's office, and use the onsite agent. But keep in mind that this agent works FOR the builder, NOT for you. So they will be working to make sure the builder gets the best deal at the end of the day. By having a buyer's agent of your own, you can ensure there is a professional on your side that can walk you through the process and avoid being taken advantage of during the transaction. They will also have a better handle on things when you hit bumps along the way. If you end up working with a builder who isn't holding their end of the deal, they will have the power to make connections that ensure the builder holds their end of the contract terms.

Fall Leaves Bring Buyers

10/20/2017

fall leaves

Summer has come to an end and you may be thinking you've lost the opportunity to sell your home and need to wait until the Spring. But, that's far from the truth! Although the market is not as hectic with the swarm of summer buyers and tourists, the fall season brings out the most serious prospects. They are the pool of buyers that waited out the summer frenzy to find their perfect home in the fall, before year end. In our market, we also see an influx of "snowbirds" and northerns traveling to Northeast Florida for the holiday and winter season - and many of them decide to stay and invest in a home here! With the right agent, and expert pricing and marketing, you can do exceptionally well selling your home now. Here are the top 3 benefits to listing during the fall season.

 

1. Serious Buyers - Although the summer brings in a large crowd, that crowd contains a lot of people that are excited by the season, and fall into the "trend" of house hunting. These people end up not really being serious about the process, and tend to hold off for another time. If people are investing time to look during the fall season, they are more likely to be interested in actually buying your home, instead of touring it. Fall buyers are also motivated to make a purchase before the end of the year for tax purposes. By purchasing before the new year, Florida homeowners can file for Homestead Exemption, significantly reducing the taxable value of their home.

 

2. Less Competition - Selling in the fall isn't something many families can accomplish due to personal schedules. That's why a significant amount of homes get listed during the summer season. Which means that summer time brings in a lot of competition. Selling in the fall means the potential house next door that has slightly more perks that may have been listed during the summer, doesn't make your home sit stagnant, since everyone wanted your neighbor's house. It also doesn't devalue your home because of the house that could go up next door that could be under-priced in your neighborhood, and draw all of the attention.

 

3. Easier to Find Your Dream Home - Not only do you get to benefit from a slower season during the selling process, but you can also benefit on the buying side. With less competition on your dream house, you can get a better deal. The summer brings a lot of missed opportunities for buyers on their dream homes, because they go off the market instantly. This will give you the opportunity to get your home on the market and take your time to find the right one to resize into. A much calmer pace to the transaction will make it less stressful, and everyone all around happier. Don't feel rushed into buying a home overnight.

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