Posted in: New construction, Buying a home, Luxury homes

Three big reasons to work with a REALTOR® when purchasing new construction

Hire a realtor new construction

Key insights:

  • New construction is on the rise and offers an alternative to purchasing existing homes.
  • A REALTOR® acts as your advocate when buying new construction.
  • REALTORS have the experience needed to guide you through the process.

With a low inventory of existing homes, new construction has become the answer for many looking to move into a new space. With new construction on the rise in the Midwest and nationally, there are plenty of options for home buyers to consider.

Before embarking on your new construction journey, here are three reasons a REALTOR® is an essential piece of your transaction.

A REALTOR will look out for your best interests

A REALTOR who is well-versed in new construction looks out for your interests. A builder’s sales agent represents the builder and works on their behalf, so you need a strong advocate in your corner, as well. The contract is written by the builder, for the builder, and is different from a standard real estate purchase agreement. Your REALTOR will ensure you understand the contract and can advise you on how specific clauses and options affect your purchase before you sign on the dotted line.

A REALTOR helps negotiate the extras

REALTORS often have relationships with builders, which could mean access to deals, warranties and insights into the home or area that you might not have otherwise. While a builder may not be willing to negotiate on price, your REALTOR may be able to help identify things they will negotiate on, such as upgrades that add value or better suit your needs. Whether it’s a larger kitchen island, an added amenity or a certain type of garage door, your REALTOR is a valuable ally in securing your ideal home.

A REALTOR is a well-versed guide

Today, there are many choices for new construction in our marketplace. Do you want to work with a large, nationally recognized builder, or a smaller, local firm? Do you want a pre-designed home, a custom build or a move-in-ready home?

As an industry professional, a REALTOR has knowledge and expertise to guide you through the entire new construction process. From selecting a builder or a design to the mortgage application process, building process, home inspection and at the closing table, an agent is your advocate. They understand the process and their experience can help ensure that things are moving smoothly and on schedule. In the event an issue arises during the construction process — or even after you close — your agent is your go-to resource who can help get things resolved.

At Edina Realty, we work with REALTORS and builders to help make your dream home a reality. If you’re considering a new construction purchase, please reach out and we’ll get in contact with one of our new construction specialists who can help you every step of the way.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings