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The
professional fees paid by homebuilders
to REALTORS® are included in the price
of the home or paid using
separate marketing budgets, so…there’s
no cost for you to have professional
representation!
● If
a REALTOR® is involved in the sale of
the homebuyer’s existing home, a
reduction of the professional fee is
negotiable if the same REALTOR® is
representing the homebuyer in the
purchase of a new home.
● Most
homebuilders encourage REALTORS® to
bring their clients to new communities
to purchase homes.
● Builders sell
60-80% of their homes through REALTORS®
Homebuilders want to avoid alienating
the REALTOR® community; therefore, they
do not price homes differently for
homebuyers who do not have REALTOR®
representation.
● REALTORS®
have access to information not generally
available to the public, including MLS
sales and pricing history of homes.
On-site builder sales representatives
also negotiate favorably with REALTORS®
in order to build relationships with
REALTORS® and encourage repeat business.
● REALTORS® with new home experience
who specialize in representing clients
purchasing new homes often understand
the development of a community; i.e.
which homes have better location and
pricing, and also understand the
competitive builder’s environment.
● REALTORS® who specialize in
representing buyers for new homes
preview new construction as regularly as
other REALTORS® do pre-owned homes and
are frequently advised of builder
specials and incentives.
● Experienced REALTORS® can work with
the homebuyer and builder sales
representative to structure the best
transaction for the homebuyer.
● Your
REALTOR® can attend the closing at the
title company with you to ensure that
you are represented. Usually the
builder’s on-site salesperson will not
attend the closing.
● Homebuilders
often give financial incentives tied to
their monthly, quarterly or annual
financial performance objectives. Your
REALTOR® should be familiar with these
important dates and the financial
incentives available because of this.
● REALTORS® are
familiar with new construction trends
and can identify out-dated or
undesirable features; REALTORS® can also
prevent a homebuyer from making costly
upgrade mistakes which can hinder the
resale of your home.
● The REALTOR
can manage the purchase process from
start to finish for a client. Usually
the on-site salesperson hands off the
purchase transaction and allows others
in his company to finish the purchase.
● Most
importantly, you will be represented by
a REALTOR® who is bound by a strict code
of ethics to maintain a fiduciary duty
to his client, and to hold your
interests above those of anyone else.
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