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Why use an agent when buying new construction

September 27, 2006

There are a lot of new condo buildings going up, all around Boston.

Perhaps you are thinking of buying a home in one of them.

There are still some very good reasons to use a buyer’s agent.

Even though you may have narrowed your search down to just one, or a couple properties, you still need to do an in-depth comparison of the project to other, similar developments. You need as much information as possible, before you make your offer. A buyer’s agent can help you with this.

Also, we may be entering a time where developers are offering incentives to agents, in order to get access to their clients.

If this happens, you may be able to put together a pretty good deal for yourself.

For example, suppose a developer is offering 2.5% commission to your agent, plus maybe a $3,000 or $5,000 bonus, on top that.

Well, it’s obvious what to do. Sign an agreement with a buyer’s agent, saying that the agent can have the regular 2.5% commission, but that any amount over that will be given to you, the buyer, if you end up closing on a purchase.

A buyer’s agent will almost always agree - the agent wants your business.

Meanwhile, you get a couple thousand dollars.

A win-win situation.

More: Why should I take a buyer’s agent along to buy a new house - By Greg Swann, Bloodhound Realty blog


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