Results Realty Buzz: Spring TX New home - Why should you use a REALTOR®!!

Informing you on the Real Estate Market in Spring Texas and the surrounding areas and other interesting tid bits!

Spring TX New home - Why should you use a REALTOR®!!

Using a REALTOR to buy your Spring TX new homeI am often asked; "why should I use a REALTOR® when buying a new home in Spring TX"?  The advantages of having me help you purchase a new home are the same as those for purchasing a resale home...knowledge of the market, help in finding the perfect home quickly, expertise in contract writing/negotiation, and closing assistance. The builder has a professional representative watching out for his needs, and you need the same expert representation.

I want to repeat that last part again. The builder has a professional representative watching out for their needs and you need someone that is watching out for your needs.  Typically these professional representatives are very nice people but keep in mind that they represent the builder's interest not yours.  Buying a new home in Spring TX is a little more difficult and time-consuming that buying a resale home.  It is important that your interest be professionally represented. 

I will give you an example of a new home that sold here in Spring TX where the couple did not have representation.  This home happened to be in the subdivision that I live in.  The lot that the home was built on in my opinion should have been reserved as a subdivision park.  This lot is on the main road coming in to the subdivision, backs up to a mobile home park and is across the street from the community clubhouse.  When buying a home it all comes down to location, location, location and in this particular instance this location was not a good location.  I can't tell you how many times I told my husband that I was sure that the couple who bought that home did not have a real estate agent looking out for them.Using a REALTOR to help with the details of your Spring TX new home

Several years later I was called to go on a listing appointment for this house.  In the course of the conversation I found out that as I suspected they had not been represented by a REALTOR.  I explained to them that this house was not going to be worth as much as other homes because of where it was located.  Needless to say I did not get the listing. I watched the other agents sign languish in the yard for over a year until the price got down to what I had told them.  This is a long story to explain some of the pitfalls that can happen when you don't have representation while buying your new Spring TX home.

My mentor years ago told me to never sell a home that I could not re-sale.  I took this message to heart and I'm always looking to make sure there's nothing that would cause a home to be difficult to sale later on.  This also applies to any changes that you make in the floor plan.  For instance I recently saw a home where they had put two small bedrooms together to make one large bedroom.  By doing this they made the home functionally obsolete.  In our area there's not a very large market for 2 bedroom homes.

Typically you DO NOT get a price break for NOT using a real estate agent.  Most builders build the real estate commission in to the price of the home.  Just as in any re-sale Spring TX home the seller (which in this case is the builder) pays for the real estate agents fees.

In our current, fMarchel Peterson Spring TX REALTORast-paced real estate market, there are many new home communities to choose from. You need to ask yourself some pertinent questions when looking for a new home. Is this a good builder? Does he have a solid reputation?  How many years has he been in business? How does the quality of this builder's product compare to that of other builders? What are the existing inventories of the various builders? How do builder models meet your needs (floor plans, square footage, and location)? If I sell in a few years, what upgrades should I include to be competitive?

When you find the answers to these questions, ask yourself if the time spent in researching these answers was time well spent - put a dollar value on your time. Real estate professionals can be a valuable asset in collecting information in areas which may affect your decision on the purchase of a new home.

It only makes sense to have your own representation.  Your new Spring TX home is probably one of the biggest expenses of your lifetime.  You would not think of buying insurance without an insurance agent or making a trip to Europe without a travel agent.  If you depend on people in the service industry for travel needs, filing a claim for hail damage to your roof, or other legal matters, then why would you want to represent yourself in the most expensive and probably most important purchase of your lifetime your new Spring TX home?

Comment balloon 10 commentsMarchel Peterson • September 15 2009 02:58PM

Comments

Hi Marchel, I cannot imagine buying a home without a realtor.  After all, it doesn't cost the buyer money and can actually save them money by having proper representation.

Posted by Shirley Parks, Broker, 210-414-0966, San Antonio TX Real Estate (Sands Realty 210-414-0966) about 9 years ago

Well written about the new home sales in Spring TX. I dont think I could said it any better.

Posted by Loreena and Michael Yeo, Real Estate Agents (3:16 team REALTY ~ Locally-owned Frisco TX Real Estate Co.) about 9 years ago

Marchel, you sure hit that nail right on the head. And I agree, never sell a home you wouldn't take back in a resale.

Posted by Andrea Swiedler, Realtor, Southern Litchfield County CT (Berkshire Hathaway HomeServices New England Properties) about 9 years ago

Marchel, using a Realtor is a win win for a Buyer.  They get full use of their knowledge and expertise, and the Seller pays for it.  Can't go wrong with that.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) about 9 years ago

I had a buyer interviewed me and then called back to tell me they decided to go directly to the builder because the representative said if they didn't have to pay a co-broke fee, the would through in more hardwood and stainless steel appliances... so for a few more goodies... the buyer proceeded directly with the builder/seller. 

Posted by Joan Whitebook, Consumer Focused Real Estate Services (BHG The Masiello Group) about 9 years ago

SHIRLEY, When we first moved here we bought new but had representation and we learned the advantages of having someone work as our advocate.

LOREENA, Thank you!  That was quite a compliment as I know how good you write.

ANDREA, That was wonderful advice from my mentor.  She recently passed away but I will never forget her wise words.

GEORGE, It is a WIN/WIN but there are those that go it alone.

JOAN, If they only knew.  Most builders in our area work the real estate fee in but it does happen here also.

Posted by Marchel Peterson, Spring TX Real Estate E-Pro (Results Realty) about 9 years ago

Howdy there Marchel

Your sure right, that folks always want to be sure to use a Realtor to help them buy a home. No matter if its a resale or a new one.

You sure did write a real fine post, for home buyers to learn from.

Baker Home Inspection and Consulting AR Signature

Posted by Dale Baker, New Hampshire Relocation Real Estate Information (Baker Energy Audits and Commercial Properties Inspections) about 9 years ago

Marchel, I think this topic is so important that I wrote a series about it for one of Bob's challenges. You are 100% right. Great post!

Posted by Sharon Alters, Realtor - Homes for Sale Fleming Island FL (Coldwell Banker Vanguard Realty - 904-673-2308) about 9 years ago

As usual great post Marchel!  I linked to this post in an post I wrote about good blogging

Posted by Tiffany Cloud (HomeSmart Real Estate) about 9 years ago

You are absolutely an amazing person.  I love your blogs, and thank you for your response.  You are a great example.  Lu

Posted by Lu Kalaj almost 9 years ago

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