What role does an agent play in a new build?
When considering building a new home- either in a planned development or with a custom builder- buyers can overlook the role of a real estate agent and simply focus on the construction. Where developments or master-planned communities have a sales center to guide you through the building process, an agent can be a valuable asset to you as a you navigate the process from lot selection to closing. Here are a few ways an agent works with the buyer in new build/construction:
- Agent Representation:
- Property Identification: Real estate agents assist clients in identifying suitable land or properties for new construction projects. They consider factors such as location, zoning regulations, and proximity to amenities.
- Market Analysis: Agents conduct market analysis to help clients understand the current real estate trends, property values, and potential returns on investment for new construction projects.
- Negotiation: Real estate agents negotiate with sellers, developers, and other parties involved in the transaction to secure favorable terms for their clients.
- Legal Assistance: Agents help navigate the legal aspects of land acquisition, ensuring that all necessary permits and approvals are obtained before construction begins.
- Project Management Professional:
- Project Planning: Agents involved in construction project management assist in the planning phase, defining project scope, objectives, and timelines. They work closely with architects, engineers, and contractors.
- Budgeting and Cost Management: Agents help establish and manage budgets for the construction project, ensuring that costs are controlled, and financial goals are met.
- Contractor Selection: They play a key role in selecting and managing contractors and subcontractors, overseeing the bidding process, and ensuring that the chosen parties are qualified and reliable.
- Quality Control: Agents monitor the construction process to ensure that the work meets quality standards and complies with design specifications and local building codes.
- Communication and Coordination: Effective communication is crucial in construction projects. Agents facilitate communication between various stakeholders, including clients, architects, contractors, and local authorities.
- Risk Management: Agents identify potential risks and challenges during the construction process and develop strategies to mitigate them. This includes addressing issues such as delays, budget overruns, and unforeseen complications.
- Buyer's Advocate
- Advocacy: Whether it's a real estate agent or a project management professional, they act as advocates for their clients, representing their interests throughout the construction process.
- Problem Resolution: In the event of issues or conflicts, agents work to resolve disputes and find solutions that align with the client's goals.
Agents in new build/construction play a multifaceted role that encompasses real estate expertise, project management skills, and effective communication. Their goal is to guide clients through the complex process of new construction, ensuring a successful and satisfactory outcome, and ultimately protect their investment.
Our agents not only represent clients in a new build, they’ve been through the building process themselves. Lean on our experience- successes and mistakes- to guide you through your new build. Looking at a development, master planned community, or a lot of land? Let’s chat.
