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ROLES DURING THE BUYING PROCESS

When buying a new construction home, you encounter much of the same professionals that are involved in a resale home buying process, but there are differences. It is important to understand those differences and how everyone is working for you.  This article lists and describes the roles of key players in the new construction home buying process.

 

Straight from the Builder Advocate/ Agent

A Straight from the Builder advocate serves as your personal advisor when buying a new construction home from a builder. A regular real estate agent may not be well-versed in dealing specifically with builders. Regular real estate agents are often unaware of buyer incentives that can save you thousands. A Straight from the Builder advocate knows the reputation, quality of work, and history of the builders they deal with as well as valuable incentives. The Straight from the Builder advocate can answer any questions you have about builders in your area and what to expect and avoid.

  • They serves as a resource through the home buying process
  • They help you negotiate an offer and address obstacles.
  • They helps the home buying process to run smoothly,
  • They are beneficial because they are Licensed  Agents/ Brokers that specialize in dealing with builders and new construction homes.
Straight from the Builder Concierge Service

Our concierge team is generally our customers first point of contact. For general questions or request our Concierge Team is here to serve.

Builder

The builder constructs the homes in a new construction site. They show you options for designing your home’s floor plan and features.

Builder Sales Representative

Builders hire sales representatives to help the home buyer select finishes and features for their new construction home. Some builders may have their own design center and design team for this purpose. However, the sales representative mostly serves as a buyer’s agent that has the builder’s best interests in mind. This is why you should consider hiring a Straight from the Builder Advocate to protect you from extra fees that you could avoid as well as a few pitfalls that may occur in the home buying process

Construction Manager

A construction manager directs the building project from beginning to end and is responsible for monitoring the expenses and schedules for the project. Also, they make sure the building process runs safely and smoothly.

Appraiser

After you’ve been pre-approved, an appraiser enters the stage. The appraisal protects the buyer and lender. It ensures that the home is listed at the correct market value. If the property is listed too high, the lender may not provide the loan. This is good for you to know, because no one wants to pay more than they should.

Lender

Mortgage lenders provide financing. Before closing, the lender will send you a closing disclosure which outlines the loan’s terms, outstanding charges, fees, and final closing costs.

Surveyor

Most lenders ask that you have a property survey conducted to ensure that the home is worth the same amount that the lender is willing to loan you. The survey is not legally required in most cases, but it’s a valuable resource for a home buyer. Some lenders are satisfied with only title insurance. The property surveyor researches the property, history of the deed, the land itself, and possibly a title search.

 

After researching the property’s history and title, the surveyor visits the property to conduct “fieldwork” which includes sketching a map of the land and its boundaries. The surveyor will provide the map which details the legal boundaries of the property.

Title Company

After you make an offer on the home and the seller accepts, the title company arrives on the scene and serves as an intermediary between you and the seller. The title company records legal documents and finalizes the purchase of the property

Click Here To Read More About What All They Do!

Insurance Agent

As a homeowner, you want to protect your most valuable and largest investment, so it’s wise to purchase insurance for your home. Lenders require insurance coverage such as hazard insurance. Homeowners insurance protects against theft, rain, wind, fire, and possibly more. If your home is located in a high risk area such as a flood zone, you may be required to purchase additional insurance. The insurance agent helps you determine which insurance is needed.

 

Hiring a Straight from the Builder Advocate to represent you and be your fiduciary could save you thousands and helps you avoid pitfalls during the home buying process. Remember, a builder’s sales representative will not discuss possible drawbacks of buying from a builder. A Straight from the Builder Advocate will put your interests above the builder’s. You are their number one priority. Please call us at (832) 319-4336 to learn more about how a Straight from the Builder advocate can help you find your dream home from the best builders at the best price.

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