Three dangers of buying a New Santa Clarita Home

Not having your own Realtor

When you first enter a new home center or new builder community, you will see the “sales office”.

Inside the sales office at a New Santa Clarita Home builder community you are going to be pleasantly greeted by the New Home Representative – they are the New Builder Sales Agents.

They are licensed Real Estate Agents. Some are full fledged Realtors, some may not be. Some are nicer than others – but I digress.

Their job is to represent the new home builder 100%. That is their job. To get those visiting to sign up as to prevent them from having their own real estate agent who is on their side.

There is a rule at new homes, if you visit as a potential buyer and sign up for anything, put your name on an interest list, have your name written down by the new home real estate agent, or leave your name behind on a cocktail napkin, you are not allowed to have your own Realtor represent you in the process of buying a new home.

If you leave your name or any personal informationYou have to use the Seller’s Real Estate agent to represent you in the purchase the purchase of that new home.

A perfect scenario is if they had a large posting. (see the large posting 🙂

You may lose money

Your own Real Estate agent knows the new home seller’s representatives lingo.

Having your own real estate agent will be of ZERO cost to you. The new home builders always build in a “cooperative” commission within the sale so you can have your own real estate agent to represent you.

We have been successful bargaining with new home builders. We have been responsible for new home buyer builder bonuses, buyer builder discounts and being able to step in within a home buyer on a fresh cancellation which the new home builder notified us about first, due to our standing.

 

Resale maybe a problem

This comes up when there are extensive mello roos taxes or a new home development which has been located in an area where people aren’t wanting to purchase re-sale. While this may not be known at the time, it can be researched by your real estate agent.

The mello roos is also something that can be spoken about by your agent, giving you intel related to what type of impact that may have on your future attempts to re-sale.

The upgrades you choose may have you owning the most expensive home in the new home builder community. Owning the most expensive new home is going to put you in harm’s way when it comes to re-sale of the home when time comes.

Guidance by your very own Realtor is really important and will do a great job keeping you out of harm’s way.

Buying a new Santa Clarita or Southern California can be wonderful, you just need the right guidance.

Let me know when I may be of service to you. I’m Connor with New Santa Clarita Homes at REMAX of Santa Clarita. I have a California Real Estate License and will Travel 🙂

 

VIP events at New Builder Communities could injure buyers

If you are buying a new home or home from a new home builder then you have been bitten by the “new home bug”. Which is not a bad thing.

However, a majority of our real estate clients want us to be with them during the entire “buying a new home” process.

Our representation for a new home buyer is FREE. The new home builders will pay us a commission to bring and represent our buyers within their new home developments.

There is nothing that is sacrificed by the new home buyer to have us as their real estate representatives.

It’s 100% benefit, having another set of experienced and knowledgeable eyes on the new home buying process. It’s also beneficial from the standpoint of the home builder has their own representative and you will now have your very own.

We always tell our clients that signing up online, signing up during a tour without us at the open house, or simply leaving your name at the new home center can cause our representation of them to not be allowed.

When visiting the new home and new builder community for the first time, we need to be there to register our clients. We have to be with our clients. Some of the new builder communities will allow us to pre-register clients online or over the phone without going that first time to the view the model homes.

Just make sure you have your chosen real estate representative with you during your very first visit to the new home community. 

If you don’t, and still want to use your own realtor, I would not sign anything and just say, “I’m just looking…”, when asked by the new home representative to give up who I am for any reason.

The VIP event and what it means to a new home buyer

In some cases the new home builder will host a VIP, by invite only, event. These are used to target mostly online registrations.

If your chosen professional Realtor accompanies you to visit the new homes in person, is there to register you with the new home builder in person before you went alone, they will be allowed to represent you.

If you register online – you will still be able to use your realtor professional if they go with you in the flesh, together, during the first visit to the new home center/model homes/builder community.

If you have registered online, potentially before the new model homes have been built, you may be invited to an VIP event hosted by the new home builder. This would be their attempt at getting you to purchase without your real estate representative quickly during this 8-10 hour event.

In this scenario, you would be using the same real estate agent who is representing the new home builder in the sales of their home – to buy the home.

Interesting side note, there are several states in the United States which prohibit, make it against the law, for the same agent that represents a specific home seller to represent the home buyer on the same home. It’s Called Dual Agency and may not be best in a home buyer’s interest.

For you to decide and be safe. I’m Connor MacIvor, we have worked with many new homebuyers in the Santa Clarita Valley Cities. We also have an expansive real estate team and travel to other cities within Southern California to represent new home buyers when they enlist our services.

To use us be on your side when buying a new home will cost you nothing. You will not have to sacrifice any new home builder benefits or discounts which would be applied if we were not representing you.

At the end of the day, having your own agent representing you when buying a new home makes sense.

Disclosure is really important with new home builders

One thing you may now know – is that some of the new home builder communities don’t tell you what you need to know.

They may leave out important information pertaining to your new home purchase.

One such example is a client that contacted us after buying at a new home center directly from the new home agent, where the new home representative did not tell them the home had mello roos taxes and special assessments.

We are there to represent you at any new home or new builder community at no cost to you. You will not sacrifice any benefits of going it alone as far as incentives or anything else.

We are there for our new home clients and make sure you don’t sign anything without us being present to sign up as your representatives. Don’t even give up your name or email address to register to be kept up to date by the new home center or builder. We will take care of that for you and have the inside track as far as new home information.

Very important. Let me know when you are ready for our new home tour and we will be there for you.