If you are considering building a new home in Medina Minnesota, or the surrounding areas, it is critical that you have the right real estate agent on your team. A realtor that is 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 for sale in Medina. Hopefully, your search leads you to Joe Houghton, but most likely it took you to a home builders website or a realtor representing one particular home builder. It is obvious 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 new home.
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 the model is not for sale but you can build the same home for the low advertised prices. This is far from the truth. An average model home in Medina has $75,000-$150,000 dollars in upgrades, not to mention $30,000-$50,000 dollars worth of designer furnishings. When you have a good real estate agent representing you, they will help you compare apples to apples. Navigating the new construction world takes a special 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 certain to tell the agent that you have your own 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 own 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 for working in your best interest.
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 up front, but when all of the extra costs are added up the deal becomes far less attractive. Some builders include everything in their pricing and home buyers have very little future costs. A good agent will help you see past tricky marketing ploys and identify the homes true cost. The better your realtor is, the less likely you are to be disappointed. New home builders will say what the home buyer wants to hear in the way they want to hear it only to have them 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
Below are all of the new construction homes for sale in Medina, MN that are currently 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.
Bait and Switch in Real Estate You’ve probably heard of the bait and switch game in sales and perhaps have some first-hand experience. It is a tactic where a product is advertised at a low price to get a buyer’s attention. Once the buyer ... Read More