New Construction in DeLand
DeLand is experiencing a new construction housing boom. Victoria Park is slated for over 1,500 new homes alone, not to mention the other communities that are building out. In the current market, it may make sense to build a new home over purchasing an existing one. However, what many don’t realize is that a qualified real estate agent can help you navigate the building process, helping you score some extras you may not have known about. The best part is you won’t pay a dime.
When house hunting, the allure of a new home is hard to avoid. The idea of having everything brand-new and having a warranty is very tempting. Even though building a new home may seem like plug-and-play, getting a "buyer's agent" to represent your interests in the beginning is imperative. The home’s builder is considered the seller, and the agent representing the builder is called the "builder's agent."
Once you’ve decided to build a home, it is a good idea to have your agent accompany you on your first visit to the new construction site. Why? It will make it clear in the beginning that the builder’s agent will be on the hook for paying commission, since the builder is responsible for paying commission in new construction transactions. Some builders might even refuse to pay your agent a commission if you don’t register the agent the first time you visit the home on a new construction site.
Although with new construction, there isn’t much room to negotiate price, an agent can still provide much value. Hear a few things a buyer's agent can help you with when it comes to new construction.
Negotiating extras: Want upgraded counters or appliances in that new home? Your agent can help you with all those extra perks, amenities, and upgrades. They can often negotiate with the builder on things like paint color or even the style of garage door, especially if the housing development is in the beginning stages.
Recommending financing: A builder typically will have a “preferred” lender that it will try to steer you to, but your real estate agent can help make sure that you’re getting the mortgage that works best for your situation. Shopping around is always wise, and you don’t want the builder’s agent pressuring you into using their suggested professional unless it’s right for you.
Overseeing a home inspection: Tempted to forgo a home inspection in new construction? Most agents will advise you don't do it. The number and severity of new-home defects often rival resale home problems. The builder’s agent is unlikely to push for or offer up an inspection, so it’s up to you and your real estate agent to make it happen.
With so many details, often, there is a lot of buyers remorse that happens after purchasing new construction. Having a real estate agent in your corner will help facilitate peace off mind.
Also, if you are considering building in DeLand, we can help.
Once you’ve decided to build a home, it is a good idea to have your agent accompany you on your first visit to the new construction site. Why? It will make it clear in the beginning that the builder’s agent will be on the hook for paying commission, since the builder is responsible for paying commission in new construction transactions. Some builders might even refuse to pay your agent a commission if you don’t register the agent the first time you visit the home on a new construction site.
Although with new construction, there isn’t much room to negotiate price, an agent can still provide much value. Hear a few things a buyer's agent can help you with when it comes to new construction.
Negotiating extras: Want upgraded counters or appliances in that new home? Your agent can help you with all those extra perks, amenities, and upgrades. They can often negotiate with the builder on things like paint color or even the style of garage door, especially if the housing development is in the beginning stages.
Recommending financing: A builder typically will have a “preferred” lender that it will try to steer you to, but your real estate agent can help make sure that you’re getting the mortgage that works best for your situation. Shopping around is always wise, and you don’t want the builder’s agent pressuring you into using their suggested professional unless it’s right for you.
Overseeing a home inspection: Tempted to forgo a home inspection in new construction? Most agents will advise you don't do it. The number and severity of new-home defects often rival resale home problems. The builder’s agent is unlikely to push for or offer up an inspection, so it’s up to you and your real estate agent to make it happen.
With so many details, often, there is a lot of buyers remorse that happens after purchasing new construction. Having a real estate agent in your corner will help facilitate peace off mind.
Also, if you are considering building in DeLand, we can help.