Have you been searching and searching for the perfect home in the Columbia Valley of British Columbia but still haven't found the perfect one? Buying a new construction may be the perfect solution.
Buying real estate can be both an exciting and challenging process. When considering a new construction, it is essential to have an experienced real estate agent by your side to help guide you throughout the journey. However, there are a few steps between dreaming and moving in, and an experienced Invermere real estate agent can be immensely helpful.
With Team Rice by your side, you benefit from invaluable knowledge and enthusiastic support every step of the way from start to finish. So, whether you are a first time homebuyer or a veteran of the market, let Team Rice help you find your perfect place.
Do I Need a Realtor For a New Construction House in BC?
If you have been exploring BC Lake Front Property for sale in new residential developments in the Columbia Valley, you may have been told that you do not need buyer's agents to purchase one of these homes. This is true, per BC real estate regulations, but having an experienced Columbia Valley real estate agent representing you in each realty transaction process can make home buying easier and ensure that you're protected as you navigate the new construction process.So, what are all the benefits of working with a realtor to purchase a new construction home?
Your Real Estate Agent Represents Your Interests and Yours AloneSome builders will tell you that you don't need your own realtor to buy new construction because the contractor has an in-house builder's agent to handle all the paperwork. Bear in mind, though, that the builder's agent represents the contractor and builder's interests, and while they may be able to help you with the purchase paperwork and other documents, they are not your personal advocate.When you hire a new construction buyer's agent, though, you know that you have a real estate professional representing your needs, financial situation, and goals and will work to get you the best deal possible for your new construction home.
Seasoned Real Estate Agents Are Skilled NegotiatorsNegotiating real estate deals can be an overwhelming task due to the complexity of the real estate transaction process. However, hiring a good real estate agent who is knowledgeable about local real estate markets and experienced in negotiating contracts can give you the edge you need to obtain the best terms possible on your real estate transaction.Purchasing your dream new construction house is an emotional time, and the hope and nervousness you may feel can cloud your judgment and make your negotiating skills less attuned. Your real estate representative is a cool head, working for you in negotiations, and will keep a focus on your needs.Secondly, a qualified real estate agent knows what kind of concessions builders have to offer. Your real estate professional may be able to negotiate extended warranties and complimentary upgrades for the new construction house or have the builder pay the closing costs, just as a seller would in a real estate transaction.
Real Estate Contracts Can Be Complex
Reading the fine print of contracts can be difficult, especially if you're unfamiliar with the complexities of real estate transactions. Your real estate professional, however, is trained to read, edit and draft real estate transaction contracts and can review the ones for your purchase to ensure that they are legal and correct. They explain the details of the contracts and how the terms affect you. This way, you won't have any surprises at closing or after the purchase.Building a new construction home is a more complicated real estate transaction than purchasing a resale home. You may need multiple contracts for:
- Buying the lot
- Employing the builder
- Design decisions
- Setting a timeline for completion
- Addressing contingencies for weather or supply delays
- Negotiating warranties