Welcome to the ShanekHughes.com Blog

2016-01-12 17:21:02
Why have my own Agent when I purchase from a Build
Ahhh the ever shifting Real Estate Markets! We have heard the terms 'Buyers Markets' & 'Sellers Markets' I am going to call the market in Salt Lake a 'Builders Market' right now- with existing housing inventory so low many buyers are looking to builders which is great! (We just represented a couple of our Buyers with Builders) What people need to know this is a different type of Market! Why?....... a buyer often thinks they can't or don't need to have an Agent Representing them, so I would like to point out a few things:
1. The Model Home Agent represents the builder interests
2. Usally the purchase if for something you can't even see yet (What could go wrong there? lol)
3. Builders generally use their own contracts
4. Usually they ask for larger non-refundable earnest money deposits
5. Completion of the home (or when contractually you need to close is in most Builder Contracts 'Substantial Completion'~ what does that mean anyway???
6. Interest rates usally can't be 'locked' util the last 30 days
7. AND BUILDING NEW HOME IS USUALLY ALOT MORE STRESSFUL!
I write this because I have had more than my share of clients so mad at the end they don't want to close and of course it's not that easy~ I have been a Model Home agent and have represented several buyers in the process (no cost to the buyer btw) So Buyer Beware there is alot more to the purchase of New Construction than an existing home, feel free to call with questions before you sign the contract!! 801-518-9121
 
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2016-09-28 14:05:32
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2016-01-12 17:21:02
Why have my own Agent when I purchase from a Build

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