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Old 03-02-2012, 12:51 PM
 
88 posts, read 86,290 times
Reputation: 52

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I'm looking at new homes in Riverstone, I've narrowed down my search to one plan from Coventry and one plan from Ashton Woods. Given I'm looking at a dirt build, does it make sense to involve a realtor at this stage of the game? At the end of the day, would I be able to negotiate a 3% reduction in sales price since I don't have a realtor/agent? Builders don't seem to be negotiating much on dirt builds, so wouldn't a 3% reduction in price (plus any upgrades I can negotiate) outweigh the discounts/upgrades a realtor would be able to get me?

I understand I would want to have the house/grounds inspected at multiple stages during the build and I would visit the build site a couple times a week to make sure everything was up to par (I assume these visits would be done to ensure all the options and upgrades were being done properly) in the absence of having a realtor.

Thank you!
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Old 03-02-2012, 01:22 PM
 
Location: Cypress, TX
862 posts, read 2,424,923 times
Reputation: 716
If you are a good negotiator and have been through the home buying process before... in my opinion I wouldn't get a realtor. Ask the builder about any holdback incentive money. This is typically given in addition to the buyer's realtor's 3%, and without a realtor you can pocket it. Good luck.
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Old 03-02-2012, 02:02 PM
 
Location: League City
681 posts, read 1,536,593 times
Reputation: 425
Depends on how educated you are about everything and how good of a realtor you get. It is possible to do it without a realtor. I didn't use one when I bought my new construction house and from what I've gathered from talking to a few neighbors, did better than they did with a realtor.
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Old 03-02-2012, 03:09 PM
 
806 posts, read 1,433,058 times
Reputation: 813
Main thing when going with out a Realtor is remember builders have big mark up on upgrades and get as much as you can thrown in. Things like blinds, appliances, garage door openers can be easily thrown in depending on the builder. Say you do 50k in upgrades and have them pay 25k of them they still make money with their markup. Go with their lender and they might throw in closing cost. Ask for the moon, what is the worse that can happen and they now.

When you make an offer ask for everything you want thrown in at that time. Going back they will typically say no. At the end of the day is how many houses they are moving that month.
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Old 03-02-2012, 03:39 PM
 
Location: Pearland, TX
3,333 posts, read 7,794,606 times
Reputation: 2309
Hell ya! Especially if you have a friend that's a realtor. I did a dirt build and brought along a realtor/friend. She got a bonus, half the commission, helped me negotiate for upgrades and had huge boobs.

Ronnie
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Old 03-02-2012, 03:44 PM
 
Location: Spring
754 posts, read 1,855,981 times
Reputation: 220
depends if the builder budges on things. you can always find a realtor to try and worst case just give you a kickback of their comission. However i would say using no realtor and using that as leverage to negotiate more would be best. any kickback you get from a realtor has to be claimed as income. better off with upgardes, discount.
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Old 03-03-2012, 09:32 AM
 
413 posts, read 979,959 times
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I'm in the process of building a coventry home; I'm just tired of the crap they give me. They claimed to be a "top notch" builder with high standards but all they're doing is nickle and dime'ing me. It's frustrating.

A friend built a coventry home - he had recessed lights in his media room standard.

A friend bough a coventry inventory home - he had recessed lights in his media room.

My home is $400K+ and I'm told that they are no lights in the media room and that I have to shell $300 per light. Same with the lights outside the entrance

With coventry it's pretty simple - If you ask before signing a contract, it's standard; If not and you assume - it's an upgrade. The way the "Features" page is worded - it says "as per plan" in parenthesis and leaves scope for interpretation.
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Old 03-03-2012, 09:46 AM
 
1,666 posts, read 2,864,406 times
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You should have had a pre-construction meeting with the builder where you went over the plan right? If you had any electrical questions you would go over the electrical plan of the blueprint. On the electrical plan the light fixtures are clearly marked. Builders have to build "per plan", otherwise a customer could just assume anything is standard. If it's not on the feature sheet and it's not on the blueprint, it's not standard.
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Old 03-03-2012, 02:16 PM
 
1,290 posts, read 4,835,669 times
Reputation: 717
If you are building a $400K+ home, you should go with an actual custom builder.
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Old 03-03-2012, 03:34 PM
 
1,042 posts, read 2,791,219 times
Reputation: 329
I would get a Realtor that is well known in that are who works closely with the realtors there. Our first build we went in it alone and though we did fine there was a ton of B.S. that could have just been handled by the Realtor. They probably can make resolutions happen more quickly if problems do arise then if you just go it alone.
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