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Commonly Asked Questions
Do I Need a Realtor Representative When Buying a New Home? There is no requirement that you use a Realtor representative when buying or building a new home but unless you have bought or built several new homes in the past you should seriously consider using an experienced, professional Realtor representative. They will help you navigate through the entire home building process and be your advocate to ensure the builder doesn't take advantage of you and that you are happy with your new home.
Can I get a better deal if I go it alone? Conventional wisdom would say that, if the builder doesn't have to pay a commission I will get a better price on the home. The reality of it is that many builders don't want to alienate Realtors by "going around them" just to give you a better price. If the word got out that they did this then Realtors would stop bringing their buyers to them. Besides that, having a Realtor representative on your side may very well get you a better deal that you would have gotten on your own.
Do Builders Negotiate? Of course they negotiate but this is another reason to use the services of a Realtor representative. Depending on the location, inventory levels and market conditions your Realtor representatives will advise you on the best negotiating strategy that will be most advantageous to you.
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New Home vs. Spec Home: There are certainly advantages to building your new home from the ground up. You can usually do minor floor plan changes and you get to choose the styles, colors and upgrades in the home. Everything from the brick color to cabinet finishes to flooring types and colors. With a spec home (a home that is complete or nearly complete) the home is ready now but most of the upgrades and colors have already been chose for you. The advantages to buying a spec home are that the home is ready now, or very soon, and you can usually negotiate a better price for a spec home vs. a ground up home.
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Listing information last updated on July 25th, 2017 at 7:45am CDT.