NEW CONSTRUCTION INCENTIVE
If you are considering purchasing a new home, this is a must-read. This is a no strings attached offer; presented exclusively by Brittany Leighton, a California Real Estate Broker. This is a win-win incentive that is very simple, takes 10-minutes to complete, and truly has no strings attached.
Up to $40,000 back for upgrades or closing costs assistance when you purchase a new construction home with Brittany Leighton representing you as your Real Estate Broker.
Visit any new home sales office and let them know during your very first visit that you are represented by Brittany Leighton as your Real Estate Broker. Upon closing escrow, Brittany will credit her buyers up to $40,000 to use towards closing costs and upgrades. The exact amount is determined by the overall commission offered.
New homes work on a referring agent bases and will typically pay 2.5%-4% of the purchase price of the new home, as a referral commission to a Realtor, simply for referring the buyer to the new home community. Brittany will give 50% of that commission back to the buyer, up to $40k (as long as the lender and builder allow the credit). New home communities do not raise the price or change the structure of your home purchase because they are paying a referral fee to a Realtor; there should be zero loss to the buyer. The buyer literally only has up to $40,000 to gain.
It is recommended that the home buyer tells the new home community that they are represented by a Realtor on their first visit to the new home community. The first visit is truly the only time a new home builder is required to honor the Realtor relationship. If the buyer is unable to mention the Realtor on their first visit; it is recommended that the buyer lets them know before an offer has been agreed upon - typically the new home community will still honor the Realtor referral up to this point. If all else fails, the buyer should simply have the conversation in the early stages.
There should be absolutely no reason to purchase a new home and not utilize this inventive. It is cash in the buyers pocket or beautiful upgrades; whichever the builder allows and/or what the buyer prefers. It truly is a win/win scenario all the way around.
In addition, Brittany will help by reviewing the purchase agreement, negotiating upgrades, providing connections for home inspections, and providing valuable information that most buyers do not think of when they purchase a new construction home.
Additional benefits to utilizing a Realtor -
Relators are important in every home purchase, always. Think construction delays, permit issues, and financing concerns. An experienced buyer’s agent can help you navigate all of these sticky situations. There is no cost to you, to utilize a buyer’s agent for a new construction home purchase.
Help you review your contract: Even if you have purchased a new home before, the contract for new construction is a different set of rules, and an experienced agent can help you make sure you understand everything, from floor plans to earnest money requirements, deadlines for requesting changes, and timelines for completion.
Negotiating additional upgrades: Want upgraded counters or appliances in that new home, but do not want to pay full retail value? An experienced Realtor will help you with all those extra perks, amenities, and upgrades. We can often negotiate with the builder on things like paint color or even the style of garage door, especially if the housing development is in the beginning stages. Homebuilders will offer you endless options for finishes and upgrades, and it’s easy to get overwhelmed. Having a Realtor that can recommend the upgrades that will get you the most bang for your buck in resale value, suggest finishes that might be cheaper to do on your own, and help you avoid over-improving, which can jeopardize your appraisal before closing; creates a win!
Recommending financing: A builder typically will have a “preferred” lender that it will try to steer you to, but your real estate agent can help make sure that you’re getting the mortgage that works best for your situation. Shopping around is always wise, and you don’t want the builder’s agent pressuring you into using their suggested professional unless it’s right for you.
Overseeing a home inspection: Tempted to forgo a home inspection in new construction? Don’t do it. The number and severity of new-home defects often rival resale home problems. The builder’s agent is unlikely to push for or offer up an inspection, so it's up to you and your real estate agent to make it happen.
CA REAL ESTATE RESOURCES