Back around 2005-2006 the US housing market saw a "bubble" which lead to the foreclosure crisis of 2007-2009. With home prices rising quickly in 2020 and 2021, many homeowners (and prospective)
Do you need a REALTOR® to buy a new construction home?
Dated: March 4 2021
Every day home buyers head off to builders' offices and model homes without a REALTOR® representing them as a Buyer's Agent. Sure you can buy a home on your own, but aren't you giving up a lot if you don't use a REALTOR?
Before we talk about the advantages of having a REALTOR represent you when you purchase a new home from a builder, remember that usually this representation costs you nothing! According to the guidelines of the Denver Builder-Realty Council, builders can not offer incentives to buyers in exchange for not using a REALTOR. Builders pay the REALTOR's commission, and you get the benefits of representation!
When considering whether or not to use a REALTOR for your new home purchase, here are some things to consider:
An Even Playing Field
The builder hires salespeople to protect THEIR interests, shouldn't you have someone looking out for you? Salespeople are very helpful throughout the process, but ultimately they work for the builder.
We are Real Estate Professionals. This is our full-time job, and we pride ourselves on our knowledge of the local real estate market. We know new home sales (Michael Kearns holds a Residential Construction Certified designation) and can provide up-to-date market information on comparable home listings and sales, as well as suggestions on options which you may or may not want to choose to enhance your new home's value.
We've helped our clients buy over 200 new construction homes.
A real estate transaction is complicated. In most cases, buying a home requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page government-mandated settlement statements. In the case of new home sales, most builders use their own contract forms, written to protect THEIR rights! A knowledgeable guide through this complexity can help you avoid delays or costly mistakes.
Your Time is Valuable
Most buyers have limited time available to look at houses. Our knowledge of the new home market can help you narrow your choices and save time when you're househunting.
We Watch Out For YOU!
Because of our extensive business in new home sales, we're out talking to builders or walking around construction sites just about every day. We'll keep an eye on your home throughout construction, helping to answer your questions and working with the builder's staff to ensure your home is all you expect it to be. Have you ever had to select flooring, tile, and appliances for a whole home? We have. Ever done a Framing Walkthrough? We do them all the time.
We'll be with you when you sign contracts, when you have construction questions, and when you go to closing and get the keys to your new home!
And remember, usually you pay nothing extra to have us represent you!
We are The Kearns Team, and we bring a new perspective and over 30 years of real estate experience to the Denver and Colorado Front Range real estate markets. In today’s real estate environment, yo....