What to Know When Buying New Or Pre-Construction

So many developers are sitting on millions of dollarsgreat agents that truly love not only what they do but
worth of real estate because the market just isn'twho they work for as well. Taking that into
what it was several years ago when they beganconsideration, not knowing who the listing agent is really
buying up all the property. From 2000-2005 or so theworking for, it only pays to have your own buyers
market was great and builders couldn't keep up withagent.
demand. This led to more builders and developers2. Get a buyers agent to represent you.
entering the industry and if they couldn't get them allHaving an agent solely on your side throughout the
sold them, they may still be sitting on them today. Theprocess ensures your interest and your financial state
prices for these new homes have droppedwill be keep at top priority. If the listing agent knows too
dramatically and builders and developers are doing allmuch about you that is not required to be disclosed,
they can to get these homes off their hands fromthis can be used against you. having a buyers agent
offering extravagant buyers bonus to buyer incentives,not only puts pressure off you when touring these
even cars and trips.homes but it keeps your interest at the forefront. A
But how is a buyer to really be cautious whenbuyers agent is only concerned about the buyer finding
considering this type of home? The model homes andthe right house, not selling any one house in particular.
showrooms are always set up nice and appeal to theThey negotiate on your behalf and weed through all
home owners dream of a house custom designed.the legal jargon that can sometimes become a blur for
The buyers are walking into these showroomsbuyers.
completely uneducated and unattached and there is3. State your case when you enter a showroom.
nothing a listing agent loves more.When you tour model homes or showrooms the
Here are some key points to keep in mind whentypical response to listing agents is like that of a used
considering purchasing new or pre-construction.car lot. The descend like vultures clamoring to sell you
1. The listing agent will do just about anything to sell thea house. If you state upfront you are working with a
home.buyers agent then the pressure is off. You might even
The listing agent has been hired by the builder orhave to be persistent because some agents will still try
developer to sell the properties. The agent may beand steal you away. This is even more reason for
receiving a kickback but almost 99% of the time thatconcern as they are not respecting anyone involved.
agent is getting 100% of the commission. Not only doesAgain, hear me, not all agents are like this. There are
the agent get the selling side but also the buyers sidesome very devoted and respectful agents and
when a buyer walks in without a buyers agent on theirbrokers out there that love what they do because of
side. Of course real estate agents need to make athe customer. But these are pre-cautionary thoughts to
living too but at what extent are some willing to do tokeep in mind when considering buying new or
sell a home? Without knowing your agent well it's hardpre-construction.
to determine if the agent is truly looking out for yourFor excellent agent representation in the Sedona AZ
best interest or their own. So many business ownersreal estate market consider the helpful agents with
are more after the almighty dollar than actualRemax Sedona. Not only do they help provide buyer
customer service anymore and finding an ethical andand seller services but also mortgage and loan
honest agent is sometimes a stretch.information.
Don't let me scare you off completely; there are some