Buying A Home
lolc
member
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
If we buy a brand new home, should we bring our realtor in?
We are about to list our current home.
DH and I started "getting lost" in the area we want to move our family to (about 30-40 minutes north of where we live now...)
We were delighted to see there are new houses being built (for some reason, in this market, this surprised me!)
Our realtor who is selling our house had also mentioned wanting to help us relocate....
Anyway are there any advantages to having a realtor when buying a "to-build" home?? Or can having a realtor actually cost us more money if we decide to buy a brand new home from a developer?
Re: If we buy a brand new home, should we bring our realtor in?
"The House We Built."
A journey of building the dream.
I would ask if there is a discount if you use their realtor. If not, I would use a discount broker like RedFin so I can get 1.5% back at closing. Don't believe for a second that you don't pay for the 3% agent fees... you pay for it, just not directly.
Plus there usually isn't a lot of negotiation for new houses.
I agree with this. Bring the REA to your first visit with the sales office; some new construction places won't work with your REA if you don't bring them in right away. We didn't bring our agent with us but disclosed up front that we were working with one and it was no problem.
He was a good go-between when we didn't feel like talking to the sales counselor ourselves. We also used him to let us visit MLS listed homes in the neighborhood. The model home was decked out with all the upgrades; by touring the MLS homes we got to see what a "real" house would be like without all the bells and whistles.
Maybe it depends on the builder but I have purchased two places from builders where I went to the sales office without an agent but purchased with agent.
I am sorry, but I would never encourage someone to use the builders realtor. While yes, on paper, they are working for the buyer, they are the builders realtor, hence conflict of interest. And just like you said about how they will pay for their own realtor just not directly, the absolute same, times likely 20% more for using builder realtor.
We are using a REA for our new build. She's been good in helping us with many items. Most importantly the lot next to us was possibly going to be used for a driveway to a plot of land behind us and she helped us go to the city and ask the right questions. She's also just been a sounding board on some of the structural changes we've wanted to make to the place.
NO cost to you. The builder has to pay them.
i like the idea of using a redfin realtor to get 1.5% back.
our realtor schlepped us around to a TON of houses before we decided on new construction, so it wouldn't have been fair to not use her when we bought, but she was pretty much useless at that point. she used to work for a builder who did NOT negotiate on prices or upgrades, so she just stood there shocked that DH negotiated a bunch of additional upgrades on top of the incentives they already offered. the builder's agent kept saying yes, so DH kept asking for more.
Have you seen my monkey?