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5 Steps To Safeguard Yourself From A Real Estate Bubble
As any internet stock investor can tell you, it is no fun to be in a bubble when it bursts. While there is still considerable debate about whether or not the recent run up in home prices represents a true bubble, it is certainly prudent for those in...
For Sale By Owner vs. Realtor
Why Choosing a Realtor to Sell Your Home Could Save You More Than Just Time!
Only Realtors are Allowed Access to the MLS
If you choose to sell your home by yourself, you are not allowed to use the MLS; or Multiple Listing Service. Only real...
HOUSES WITH DAM(P) BASEMENTS WON’T SELL
A real estate agent’s gut-wrencher: The prospect turns to hubby and says, “Isn’t this so homey and practical and just what we were looking for. Now, let’s go down and look at the basement.” They open the basement door and get the feeling that Noah...
Much Ado About Mansionization?
Los Angeles allows a 7600 square foot home on a 5000 square foot lot. This isn't fuzzy math, and the city is not saying you should re-position your neighbor's fence in the middle of the night, gaining a 2600 foot advantage for your new breakfast...
Planning An Out Of State Move
There’s a lot more to moving to another state than there is to staying within the same state. Expenses can vary greatly from state to state and even though your new salary is going to be much higher than your old, you could still end...
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Buying A New Build? Get A Realtor!
One of the biggest mistakes people make when it comes to buying a new build is thinking that they don’t need their own realtor. This is mostly due to inaccurate myths and misinformation about real estate. Let me explain why.
Why do I need a Realtor?
I guess the question you need to ask yourself isn’t “why do I need a Realtor?” A better question is “why wouldn’t I get a Realtor?” Some people believe that if they don’t use a Realtor when purchasing new builds that they will receive a price reduction or a “better deal”. This just is not true. Usually the price of a new build is not negotiable so whether or not you have representation the price will most likely stay the same.
Why do I need Representation?
The key word here is representation. It is always a good idea to have someone working for you that has your best interest at heart when making the biggest investment that you might ever make. You will have someone working for you to look over the documents to ensure that everything is in order. Most importantly your realtor can keep up with the process of the purchase to ensure everything is moving along smoothly and that your best interest is being met, not the builders.
How much
will it cost me?
The best part of having a Realtor is that it’s FREE!! It should not cost you the buyer anything. Most new builds CO-OP to realtors and actually welcome Realtors. Remember that your Realtor needs to be with you to sign you in the first time visiting new build sites. If you go without your Realtor on the first visit, the builder will not pay their commission if you decide that you want one.
So, if you are in the market of purchasing a new build home, go out and get representation. You will have peace of mind knowing that a professional Realtor is looking out for your best interest. Remember that new build Realtors work for the builder but your Realtor is working for you. Thank you and good luck with your new home.
About the Author: Erica Wilson is a full service Realtor working with Merit Company Inc. and serving the Colorado Springs and Pikes Peak areas. You can search for Colorado Springs Real Estate at http://www.springscoloradorealestate.com.
Source: www.isnare.com
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