Imagine living in a newly-built home in Berks County. There's no bad smells left from the previous owner, no marks on the walls, there's nothing to repair, and everything is fresh and new. All you need to do is move in and relax.
There are many reasons you may want to buy a new home instead of an older home. Let's take a look at the process of buying a newly-constructed home so you know what to expect.
The Real Estate Agent
When looking at new home communities, you want to make sure you have your own agent representing you, such as Jeff Martin. Many new home communites are set up so that you are led to the buulder's office before you get to view any homes. And the person who will likely greet you in that office will be the builder's real estate agent. Read that again: the builder’s real estate agent. There may be nothing wrong with this agent, per se, but they are there to represent the builder, not you.
If a new home community agent tries to recruit you as a client, all you need to do is say that you are already working with an agent. The builder's agent will hopefully back off and not try to pressure you.
The builder pays the real estate commissions, so there is no reason not to have your own representation during the purchase process and many reasons to have it. Real estate agents have what are known as “fiduciary” duties to their clients. The duties for the buyer’s agent are different from those of the seller and they do conflict.
Working with the buyer's agent alone without your own agent would be like being represented in divorce proceedings by the same attorney that is representing your spouse. Not a good idea.
The builder may also have a lender that they want you to use. In this case, there may be nothing wrong with using thier preffered lender, as long as they offer a good deal. But as with buying any home, make sure you do your research and compare rates. Getting pre-approved for a loan is also an important step, as it lets you know how much you can afford before you start looking at new homes.
The advantages to using the builder’s lender include the fact that it may have appraisers who are familiar with the new community.
Never feel that you have to use the builder’s in-house lender. You have the right to use any lender you prefer.
As in most professions, there are good builders and there are those that take short cuts or do a lousy job.
If you aren’t familiar with the builder, do some checking on his or her background. Start with the Better Business Bureau in Berks County, and then check public records for lawsuits against the builder.
There is a lot more to buying a newly-constructed home than an existing home. Carefully choosing your real estate agent and then investigating the builder will go a long way to helping the transaction run smoothly. Jeff Martin has the experience you need to help you find the right new-construction home and to get the best deal.
Make sure to visit to our blog every week for more real estate advice, along with local Berks County articles. Need help finding the perfect home for sale in Berks County? Our powerful home search tool will help you find the home of your dreams.