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

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

Hire a realtor new construction

2015 is off to a great start with both new construction and existing homes selling fast. The economic outlook continues to trend upward and interest rates remain at historic lows. Buying a new home may never be more affordable.

At the Edina Realty New Homes Division, we work with REALTORS® and builders to help make your dreams come true. Our Customer care team can connect you with one of our new construction specialists who can help you every step of the way.

Before embarking on your new construction journey, here are a few reasons a Realtor is an essential piece of your transaction.

A professional to 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 also need a strong advocate in your corner, as well. The contract is written by the builder, for the builder and is different than 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 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 and at the closing table, an agent is your advocate. 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.

Agent representation will not always cost more

A common misconception is that if a new construction buyer does not have an agent, they will pay less, which is not always true. In most cases, the buyer will pay the same price whether they are represented by an agent or not, so why wouldn’t you want to have a professional working for you?

If you’re considering a new construction purchase, please reach out to get in contact with one of our new homes experts.

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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.

Contingent and Pending statuses may not be available for all listings