Do I Need a Real Estate Agent to Buy from a Builder?

Dated: February 14 2019

Views: 6

Looking to buy a home? Are you looking for a new build or and existing home? Investopedia put together an article offering their two cents on the subject. But if you are leaning toward purchasing a new build there is a question you need to ask yourself: Do I need to hire a real estate agent to represent me when I buy a new home from a builder?

And the answer is, legally, no. But if you don’t, you might be missing out on some tangible benefits that impact your wallet and how much you get for your money.

There are many reasons why an agent is a sound investment during the purchase process with a builder. While some of them can be quite complex and go beyond the scope of this blog post, here are a few highlights:

Market Value Compared to Purchase Price: How much money are you going to be able to come out of pocket for your down payment? If you don’t want a nasty surprise when it comes to disparities between your agreed upon purchase price and the actual market value of the home, you’ll want an agent with access to information which will help you accurately assess the true value of that brand-new home.

Negotiation Power: Real estate agents are professional negotiators, and often an agent can get more from a builder than you would on your own. While some of this might be related to purchase price, other perks may include property or home upgrades.

Financing: It’s probably no surprise that your builder will have preferred financing partners to work with. Many of those “partners” pay good money for the opportunity to handle your loan. But is it the best loan at the best rate? An agent can be both a sounding board for financing terms and a source for trusted alternatives.

Contract Expertise: While your real estate agent isn’t an attorney, they know a great deal about the ins-and-outs of property contracts. This includes builder’s contracts, which may have provisions that put you in dicey territory should something unforeseen happen. Protect yourself with an agent.

These four reasons are a good place to start, but there are plenty more advantages to having a Real Estate agent on your side during the buying process. The bottom line is: The builder will have their own system in place to maximize their profit and minimize their costs. Shouldn’t you?

There are numerous new home developments in the Prescott area, click here to see homes available in these subdivisions. Contact me if you have questions about any of these homes, or questions about the buying process.


Trent Beaver
(928) 916-1921

Latest Blog Posts

Evaluate Schools Before You Buy Your Home

The quality of schools is a contributing factor for anyone buying a home. According to the National Association of Realtors, more than half of homebuyers with children, rate the local school&

Read More

Yahoo Finance: Arizona REALTOR, Trent Beaver, Uses Social Media to Promote Listings Amid the COVID-19 Pandemic

Feature on Yahoo FinanceThe COVID-19 pandemic has created challenges for many businesses and industries, including the real estate industry. With more people losing their jobs or refusing to meet in

Read More

Tips to Declutter and Maximize Small Living Spaces

Does household clutter drive you nuts? Don't fret. There are ways to declutter and make a small living spaces feel bigger! Below are tips to help you make the most out of small spaces.Tips to

Read More

Tips for Saving on Your Homeowners Insurance

Homeowner's insurance is vital for protecting your investment. Lenders also require coverage if you have a mortgage on your home. For some reason, many homeowners overlook ways they can save money

Read More