Buying A New Condos?Posted by Huffman McMahan on February 13th, 2021 Many people are unaware that after they go into the sales office for a Leedon Green, the sales staff there to help you're working for and represent the interests with the builder so it's a good idea being a potential buyer to have your own representation with you. Retaining your own real estate agent to handle your case in your new construction condo purchase won't cost you anything and might actually save you plenty of energy and money. A good real estate agent not merely represents you inside the transaction using the builder, but also ensures you understand the process of what you really are buying and clarifies every one of the hidden costs of one's purchase. In purchasing a new construction condo costs are not negotiable your real estate agent can negotiate that certain charges like builder administrative fees or community and education levies be used out or capped.
In launching a fresh condo project, builders have VIP events in which they invite real estate agents to bring their customers prior to opening the work up to target the general public. This provides your realtor the chance to obtain the best floor plans and the top deals for you.
Although your own real estate agent's commission pays by the builder, your agent is independent of any particular condo developer. Therefore your agent can show you concerning all the new developments which may be coming up without bias to particular builder or condo development.
How do you know the price the builder is asking is fair? Price guidance and comparison will be the most important asset of retaining your own personal real estate agent when purchasing new. Not only can your real estate agent inform you of current market conditions in the new construction and resale markets, your agent also provide you with asking prices of units in similar developments and just what comparable units in newly built buildings are selling for on MLS.
A good real estate agent should be able to give you insider knowledge of the neighbourhood because they are aware of new construction proposals for new supply building projects which are coming down the pipeline and even paint an image as to the way the neighbourhood skyline will appear two or three years down the road when your new condo building is finally finished.
Why limit you to ultimately just one project? The builder's sales staff are only familiar with their own units in their own project. Furthermore your own real estate agent have access to info on all the new condo developments within your neighbourhood however a good realtor is also aware of buying opportunities of latest construction units to suit your needs in the resale and assignment markets too.
If you like the idea of living in a brand new condo however, you don't want to wait many years for the project to become built then going through the resale market of newly built condo buildings might be for you. In many cases newly built and registered buildings have several units available for purchase on the MLS who have never been lived in and are available for immediate occupancy. This also eliminates the guesswork of wondering in the event the floor plan can hold your lcd television or if perhaps your view overlooks the rubbish dumpster as you can tell the unit on your own and understand specifically what you are getting.
Had your heart focused on a particular new condo project but you didn't move quick enough? Now the development is all sold out with even broken ground and so are starting to build. Buying a project might be for you.
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