Why to Use a Buyers Agent When Buying a New Home In North Carolina
New home construction is a booming business, even in tough economical times. Discerning homebuyers want a new home that no one else has occupied, with everything inside brand spanking new just for them. Whether you choose to custom-build or simply purchase a new home, you have the option of working with either the builder’s sales agent or your own exclusive buyer’s agent. Before you decide, consider the following.
Who Does the Real Estate Agent Work For?
A builder’s sales agent is paid to represent the builder alone. In many instances, a builder’s agent is paid a salary plus commission, but regardless of how they are paid, their job is to sell you the builder’s product. An exclusive buyer’s agent works for you and you alone. An experienced buyer’s agent can save you money, negotiate contracts in your favor, and act as an unbiased party representing your interests.
What is the Real Estate Agent’s Responsibility?
While both the builder’s sales agent and a buyer’s agent have legal obligations, some issues are a matter of emotion or condition. The builder’s agent is not responsible for protecting your interests beyond legalities. Further, they may not do a thorough job of explaining legal documents such as the sales contract, warranty matters, and even financing. When you are represented by an exclusive buyer’s agent, you have access to their wealth of information and experience negotiating contracts. Further, your own agent can assist you with financing options, where as a builder’s sales agent will almost always direct you to their own lender.
Will Your Real Estate Agent Help with Legal Advice?
Sales contracts for new home construction or purchase vary from state to state and are more intricate than a simple purchase agreement on a used home. For example, liabilities for upgrades, cancellations, and warranties are all considerations in new home construction. The builder’s agent will have a purchase contract that not only has language the typical lay person fails to understand, but it may not protect the buyer. When you purchase a new home in the Triangle area using Buyers Advantage Group, you have access to real estate attorneys that can help make the process a smooth transition.
Serving new home buyers in the Raleigh, Durham, Chapel Hill, and Cary areas of North Carolina, Buyers Advantage Group works for you to ensure your new Triangle home purchase is as easy as possible.
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