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New Construction - Should You Have a Buyers Agent Represent You?

Friday, November 25, 2016   /   by Jason Huerkamp

New Construction - Should You Have a Buyers Agent Represent You?

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Most times a Buyer will appoint a buyers agent to represent them and their best interests when purchasing a resale property, however that fact is often overlooked when purchasing new construction. Most buyers think that the New Home Builder has his own in-house marketing team who will give them the best price on the home they wish to construct. That is a myth. The agent in the Builders Model Home will then receive two sides of the commission and she/he will still be acting for the Seller and not always offer you the best negotiating options.
If you are looking for a new construction home it is a good idea to get your own buyers representation. 

These are the points you should know about New Construction 

    • The Seller is represented by the wonderful marketing person inside that model home
    • The Sellers Representative is looking after the New Home Builders best interests
    • They will not tell you about the special deals they have. They tell you only about what is on their schedule
    • You will not have the same negotiating options that you get when you appoint your own buyers agent

Your buyers representation is free of fees to you the Buyer, so why would you not want to take advantage of that opportunity?

Most times an experienced buyer's agent will 

      • - already know what has sold in the development, for how much and what was included in the deal. 
      • - know what specials are being offered by the New Home Builder that is not on their printed list
      • - what upgrades you can get for the same money
      • - the notes in the MLS for the agent often state that the developer will be willing to negotiate price or closing costs, things you may never know about if you do not have a buyers agent
      • - what competitive New Home Developments are available in your price range and what they offer
      • - give you alternative finance and mortgage choices
      • - probably be au-fait with the contract and will know what items to look for to ensure you are being looked after. He/She will also know whether the property is priced comparably with properties for sale in the area. You do not want to pay an inflated price compared to resale homes selling in the same or similar area.
      • - recommend that you get a home inspection done. The builder may be building a brand new home but he is not always on site to see if any short cuts have been taken by his team or his sub contractors. A home inspection will iron out any major issues and give you peace of mind and save you money in the future.
      • - look after your best interests when things don't go as planned with the builder. The Sellers agent will not be there for you, they are bound with a contract to work for the Seller's best interests.
      • - be there throughout the build. They will help you meet your commitments timeously and check that the builder keeps to his schedule too.
      • - know what is expected of a home in the area that you are constructing a home in terms of the upgrades you can make. You don't want to overspend on upgrades that you may not get your money back but choose the right products for the right price range.

Take advantage of the experience your buyers agent can give you. It could save you a few thousand dollars along the way and peace of mind too.

The Huerkamp Team are your real estate specialists in the Twin Cities and surrounding communities of Minnesota. We are ranked in the top 1% of agents nationwide! The Team is dedicated and experienced in the Twin Cities real estate market and we look forward to being your real estate agent for life! You will have a great experience buying or selling real estate.  We have many raving fans and we pride ourselves in having the experience to deal with your real estate transaction.



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Jason Huerkamp
14300 Nicollet Court # 208
Burnsville, MN 55306

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