First time home buyers almost always start their home search on the internet. Next is to go out looking at open houses and driving neighborhoods. Eventually they usually pick a real estate agent to help them buy their first home. Along the way, they often stop in to a new home development. That is when the trouble can potentially start.
If a buyer goes into a new home development with out an agent the first time they will generally not be able to use a realtor to help them if they decide to purchase in that development. There are some exceptions to this but for the most part it is a big problem.
If you have already made this mistake there are a few things you can do.
1. You can ask a realtor to talk to the developer about making an exception and paying that realtor to represent you.
2. You can pay the realtor yourself. This can be done as a percentage of the home price, a flat fee, or an hourly consulting fee.
Can you buy a new home without representation? Of course. Is it a good idea? Probably not if this is your first home. The developers have legions of lawyers and brokers helping them. Many of these developers are good, honest business people, but the process is complicated and I believe it is better to have someone looking after your interests, not the interest of the developer.
If you have any questions about buying a new home in Santa Clara or San Mateo County please feel free to contact me.
Marcy Moyer
marcy@marcymoyer.com
650-619-9285
D.R.E. 01191194
Marcy Moyer Keller Williams Realty Palo Alto, Ca. Specialist in Short Sales and Trust and Probate Sales
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