Triangle Real Estate
Greater Raleigh New Construction Tips and Resources
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Who Has Your Best Interest At Heart?
The Buyer's Agent vs. The Builder's Agent
If you’re searching for a new home around Raleigh, NC, you might have wondered if you need someone to represent you. Is it really worth it? If you think you want to go it alone, here’s what could happen:
Let’s say you decide to check out a model house in a Raleigh community with newly constructed homes. Of course, model homes are going to look amazing; they'll be clean and beautifully staged. They’re set up that way to get your attention. Sometimes the agent offers you a bottle of water or a soda, and music is often played in the background to put you at ease.
The agent who represents the builder will walk you through the model home, showing you all the updated features. He or she will provide you with the knowledge you need concerning this particular Raleigh community. You’ll also find out all about the builder, including future plans and reputation, and, most importantly, information about the cost of the home.
If you’re convinced that this is the right place for you and decide to make a move on it, things might not go as smoothly as you think.
In these scenarios, the agent who represents the builder is obviously going to put the builder before you. He or she will still assist you with the contract, though. But once you sign it, there’s no going back.
As you go through the contract, the agent might try to pressure you into buying things you don’t want – upgrades or extras that only make the price soar higher.
And if you think you’re going to get the same attention from the agent during closing, you’re in for a surprise. You’ll be facing the builder’s attorney and the builder’s agent. Basically you’re stuck on your own at a time when representation is vital.
Don’t let your Raleigh area home search end like this. If you want someone who will represent your interests, be sure to contact us.
Who Represents Whom on the Triangle Real Estate Market
When purchasing a new Raleigh area home, it can be very confusing figuring out who really has your best interest at heart.
In a typical real estate transaction there is a buyer and a seller. The buyer has their own real estate agent and the seller has their own real estate agent.
According to the North Carolina Real Estate Commission, which establishes the rules and laws that every real estate agent is supposed to follow, each agent is to fully represent their own party and protect their best interests whether that be negotiating, conducting research, or understanding the contract they are about to sign.
In a new home situation, this does not always occur. And typically, those involved do not have your best interests as a Raleigh area home buyer in mind.