Building a New Home in Medina
If you are considering building a new home in Medina, Minnesota, or the surrounding areas, you must have the right real estate agent on your team. A realtor experienced in representing new construction homes will protect you and save you money. Most homebuyers start online by asking Google to find new homes for sale or new construction homes in Medina. Hopefully, your search leads you to Joe Houghton, but most likely, it took you to a home builder's website or a realtor representing one particular home builder. It is evident to some home buyers why going directly to the home builder or the Realtor representing the home builder is a bad idea. Unfortunately, others think that they will save money and have a hassle-free experience by representing themselves or by having the builders' agent represent them. Here we will discuss how a good Realtor can help save you money and prevent common pitfalls of building a new home or purchasing an already built one.
Working Directly With the Builder's Representative
The new home builders in Medina typically have "in-house" Realtors/Brokers. These real estate agents sell exclusively for the home builder and do everything in their power to convince you why the builder they represent is the best builder for you. These builder representatives will claim to have the best product, the best prices, and the best value. They will impress you with the model home and tell you that it is not for sale, but you can build the same house for the low advertised prices. This is far from the truth. An average model home in Medina has $75,000-$150,000 in upgrades, not to mention $30,000-$50,000 worth of designer furnishings. When you have an excellent real estate agent representing you, they will help you compare apples to apples. Navigating the new construction world takes a unique discipline and knowledge base that few realtors have. Take your time to study new construction and new home building representatives before choosing the one that you want on your team. When you go to an open house or a new model home, be sure to tell the agent that you have your representation. If they ask you if you are under contract with another real estate agent and you say no, they have the right to keep both sides of the commission, and you will then have to pay for your representation. If you tell them you are already working with a Realtor, they have the legal obligation to pay your realtor a commission for representing you and working in your best interest.
A Realtor to Represent You When You Build a New Home
When you have a real estate agent that represents you and your best interests, you have more leverage in your negotiations and more protection throughout the process. The best realtors for representing buyers in new construction know how each builder operates and how each builder structures their transactions. Some builders offer attractive pricing upfront, but when all of the extra costs are added up, the deal becomes far less appealing. Some builders include everything in their pricing, and homebuyers have minimal future costs. A good agent will help you see past tricky marketing ploys and identify the home's actual price. The better your realtor is, the less likely you will be disappointed. New home builders will say what the home buyer wants to hear in the way they want to listen to it, only to be disappointed in the end. The home building process is different for every builder, and the more your agent can help you understand and see through that, the happier you will be in the long run
New construction homes for sale in Medina, MN
Below are all of the new construction homes for sale in Medina, MN, on the MLS. Feel free to register for a free account and get email alerts whenever new construction homes in Medina, MN, hit the MLS. Contact Joe Houghton if you want to learn more about all of the new construction options in the Twin Cities Metro. New homes and to-be-built homes don't usually show up on the MLS, and there are usually hundreds of more options when it comes to building a new home in Medina, MN, and the rest of the Twin Cities Metro.