I have an idea of where I want to live, but where are the new communities? Is what I’m seeing online all that’s out there? Who are these builders, and are they good? Do the builders agents look out for my best interests? Am I overpaying? These are all great questions and we’re here to help you navigate through them.FAQ
Frequently Asked Questions
Why should we work with you, instead of my mother’s cousin’s nephew’s brother who is a local area Realtor?
We are only area Realtors to specialize in new home construction. While most “resale” agents don’t have a specific niche, or only work in a certain area, we specialize in new construction and work in all areas across Metro Detroit. Plus, most “resale” agents spend their time courting new resale listings while we spend our time working with our clients through the new build process. This means saving time and money for our clients, while reducing the stress of going through the process on your own.
What kind of pre-approval or mortgage is needed to build a new home?
The basic pre-approval needed is just like any typical loan—simply call your lender (or we can recommend a bunch) and talk about your income, funds available to purchase, and budget. Your lender will give you a basic idea of what price range to look at. Some builders just require one deposit, while others require a construction loan.
How is this free for us? How do we save money working with you? Won’t the builder offer a discount if they don’t have to pay you a commission?
Builders want real estate agents to bring clients, so the builder pays us a buyer’s agent commission. We save our clients money in a couple of ways: we advise our clients regarding which items to spend money on during selections, versus those that can be added post-close for less money; we know how to negotiate with builders and get our clients the best price; and we save our clients money by discounting the commission rate when selling their existing home. This all adds up to thousands in savings. The commission builders pay is simply an advertising expense…and unless you’re a licensed real estate agent in Michigan, it’s illegal for a homebuilder to offer commissions as a rebate for buyers. In the end, get free expert guidance or the builder just saves money!