Do I Need a REALTOR When Buying New Construction?

    new orleans new construction home buying

    New Orleans New Construction Home Buying

    There’s a common misconception among New Orleans home buyers that they don’t need to have their own REALTOR® when they decide to purchase a new construction home. But we’re here to tell you that nothing could be further from the truth.

    Why not just use the sales agent on duty? The sales reps that are on site work for the builder, not you. They have no fiduciary duty to represent or protect your interests. In fact, they often are not even licensed REALTORS, in which case they don’t owe you even the minimum level of service. It’s all about the builder.

    You have a limited amount of time to choose upgrades and your agent can help you maximize that time frame. When your real estate agent writes a contract, they do it with every angle in mind. Maximizing your choices is just one of the things that a good agent will do.

    Your agent will encourage you to have inspections done. While the builder would be happy with a closing and a punch list of things you discover after the fact, your REALTOR® will recommend a full home inspection. I can’t tell you how many times we’ve come up with a laundry list of fixes that need to be made to brand new homes. Things like hot water running through toilets. Or A/C ducts that weren’t connected to anything. Or a builder that forgot to provide access panels for shower and tub plumbing. You’ll have a much better success rate at getting these items fixed prior to closing if you have a professional inspect the property on your behalf.

    Beware that deposits on new construction are often non-refundable in the builder’s contract, so working with an agent that has protected your interests with inspections and cancellation clauses can save you thousands of dollars.

    Your agent may have past experience with a builder. Knowing the pros and cons of working with a particular builder can mean the difference between being OK with your new home and being ecstatic.

     

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