Here's a brief list of things I have run into over the years with buyers in escrow:1) don't make large deposits into your bank account2) don't go out and buy furniture, a car, anything for the house
Would You Use Your Spouses Attorney In A Divorce
If you care about your assets, the answer is not no, but HELL NO!
So why would you purchase a new home without a Realtor?
One of my rental prospects looked at my home. Then they decided they loved Las Vegas and wanted to retire here. So instead of contacting me, who they knew was a Realtor, they went to a new subdivision and signed a contract to purchase a new house.
Congrats to them. Except that they are now at the mercy of the home builder: Their contract, their rules. They now don't have an advocate if there is a dispute about anything.
I have worked with many buyers who purchased new homes. In many cases it's more work than buying a resale for ME because we were constantly bickering with the builder. And it's not just about the wrong grout color. The financial details are at issue too. And you may not know where the pressure points are....but I do!
Who is going to review the closing document for you? That's where the builders pile on the fees that make some of their profit. Just this week I saved a client almost $400 in junk fees that were inappropriate.
Please note home builders will only allow you to use a Realtor if they are with you when you FIRST tour their subdivision and sign in. Builders do NOT want us Realtors to get involved and gum up their money-making venture. I've only worked with one builder here in Vegas who let me in on the transaction after my client had toured the subdivision.
The message here: If you are going to buy a new home, bring a Realtor with you the FIRST time you sign in a subdivision. Or plan to pay up.
((hugs)) BETH Ellyn
THE Las Vegas Real Estate Concierge
State Managing Broker, Nevada
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MBA: L'ecole du Hard Knocks
Licensed in Nevada since 1996: I have previous
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