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Tag: new build

5 reasons why you should use a buyer’s agent in a new construction

The Home Builders Association of Greater Kansas City (HBA) is hosting the 55th Annual Spring Parade April 22 through May 7, 2017. Homes will be open from 11 a.m to 6 p.m with free admission.  This year the HBA is partnering with Harvesters to help alleviate child hunger during the summer months. From April 14 until the end of the Spring Parade (May 7) the HBA will be accepting non-perishable food items at its headquarters at 103rd and I-435 as well as donations at its website.  The HBA is hoping to raise 55,000 meals (or $18,500) for area kids this summer — donate now and help the HBA hammer out child hunger!With so much to look at on the Spring Parade, it’s the perfect opportunity to note why it’s important to use a buyer’s agent in new construction.Many people don’t realize that the builder’s agent only represents the builder.  Sure, they know a lot about the neighborhood and the builder…but they are the builder’s agent.  You need representation (as a buyer) by a licensed, knowledgeable agent.Here are five reasons why you should use a buyer’s agent on a new construction purchase:

  1. Your agent will discuss all options with you; new construction and resale.  Once you determine that new construction makes the most sense for you, she will help you evaluate and select a building lot and options.  Lot location and certain options/upgrades absolutely come into play when it comes to future resale value.  It might make sense to wait and install some options after construction, while others end up costing you more if not done during construction, before closing.
  2. As mentioned above, a buyer’s agent truly represents YOU, the buyer.  Your agent will negotiate on your behalf.  “Representing you” means that your agent might be able to negotiate terms/conditions that are more favorable to you, but still acceptable to the builder.  An experienced agent will have many new builds under her belt, and know what to look for and where to negotiate.
  3. A buyer’s agent can (and should) check on the property and building progress during construction.
  4. A buyer’s agent will attend a final walkthrough with you before settlement to make sure that all items are completed to your satisfaction.  If items remain undone, your agent will create a list for the builder with terms, to make sure that the items are completed post-settlement.
  5. As with any purchase, resale or new construction, your buyer’s agent will obtain and review a preliminary HUD-1 settlement statement to be sure it is accurate, while advising you of the amount of money needed for settlement/closing.

There are even more ways your Realtor® can assist you with your new construction purchase.  We have experience with builders on both sides of the state line and would love to help you with your dream home…from the ground up!  Give us a call today! You can reach Cami Jones at 913.206.2410.