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New Home Buyer
Caution--Caution--Caution--Caution
If you have
decided to purchase a new home, you need to have Buyer
Representation. The on-site Agent represents the builder and/or
developer. The local 2007 new home inventory is extensive and
on-site agents are under great pressure to make sales. Even when
things go relatively smoothly, a Buyer’s Agent is able to assist
you with the process and educate you on options you may not
consider. A Buyer's Agent can research and learn the truth about
whether a builder negotiates down prices (some do), or makes
concessions on upgrades. As your Buyers Agent I will read the
agreement the builder wants you to sign and explain how it differs
from the New Home Agreement prepared by the Georgia Association of
Realtors. You will be fully informed before you sign. Your Buyer’s
Agent will assist in negotiations, as well as facilitate, advise,
communicate, review and keep records when things go well. But when
things do not go well a Buyer’s Agent is there to help you
through whatever problems come up. The stories you see on the news
are frequently about new home Buyers that did not have Buyer
Representation.
Outlined below
are three situations where Sharon was able to accomplish for new
home Buyers something that may not have happened without Buyer
Representation. There are many other stories.
#1) As
a Buyers Agent, Sharon verified the promised completion date
with the on-site Agent just one week prior to the scheduled
closing date. The home was not ready on the Friday promised and
the Builder could not provide a Certificate of Occupancy so the
house could not close. The Buyers had to vacate their current
residence by Saturday. Sharon was able to negotiate with the
Builder for her Buyers to move their belongings into the garage
and basement of the new home. Sharon further negotiated hotel
and eating expenses for her Buyers until the closing day.
#2) Sharon's new home Buyer
contracted to build. The Buyer chose carpet, paint, cabinets,
etc. and put down the large Builder deposit (not earnest
money--ask your Buyer's Agent to explain). Four months into the
home building, just three weeks before closing, the Buyer
decided to quit his job and move to Tennessee to become a
pastor. Sharon negotiated a full refund of his non-refundable
money
#3) Sharon negotiated for a Buyer
when the builder built an unsafe deck on a backfill cliff. The
builder fixed the problem before closing.
**in 2007 I am
helping a seller with a house that she purchased directly from the
builder. Two loans (80%/20%) both interest only with prepayment
penalties the first 2 years with huge payment increases on month
25.
Until the
laws changed in January of 1994, all Real Estate Agents in Georgia
represented the Sellers. Now you, the Buyer, can have someone look
out for your best interests. Buyer Representation is a right that
experienced and educated Buyers choose. Interview Sharon today!!
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