You are currently browsing the Get Real Estate weblog archives for the day 28. November 2007.
28. November 2007 by Teri Deane.
Most home builders are good guys, but beware! If you walk into a model home without a real estate agent you will be on your own. Perhaps this is the first time you are buying a home, and if not it certainly isn’t something you do everyday, right? Realtors do do this every day. We know the contracts, contingencies and pitfalls that can beset an unsuspecting buyer. We’ve been there before.
What prompts this post? Today a contract to purchase a new home came across my desk that made me want to cry, or scream! It was a builder’s contract for the purchase of a home to be built. . .what a contrast to the Maryland Residential Contract of Sale! All the terms were in favor of the seller (builder) with nothing to protect the buyer. . .in fact, I’d go as far as to say it was designed to screw the buyer!
So, folks, take my advice and bring a Realtor with you when you want to buy a home from a builder (or anyone else for that matter). As your buyer’s agent, Realtors have made an ethical promise to treat you fairly and work completely in your best interest. We take that seriously! And here’s the best part, the seller pays our commission!
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