A realtor? For a new home being built?
My first reaction was to laugh - but now I'm curious. What will this realtor do, besides charge you a percentage (3%?)
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I just read all the answers below - and I know Jim is a pretty level headed guy, so if he says it's a good thing, then I have to give that some weight.
But we JUST built a house (moved in in July), and watched my brother in law build his last year. We went with the best builder in the area - his name came up at every bank and every realtor (unrelated to this transaction).
We interviewed a couple others, but it was like a night and day difference. Ours gave us a guaranteed price with allowances, warranties - and we picked out everything (this was not a model unit or a partially constructed home).
The only place I could imagine a realtor coming in is after we've negotiated everything we want and the blueprints are approved - to come in and say "this is the price my clients will pay".
Ummm...no. I have big boy pants, I can negotiate myself. And I'm certainly not going to pay 3% of the construction cost for a negotiator.
And I'm still confused about all this legal advice a realtor can give. First, no they can't as legal advice giving is limited to lawyers. And second - really? A mortgage is confusing? I borrow, I pay back.
I think I'm missing something here....because this strikes me as being as useful as socks on a rooster.
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per your SWH
OOooooooooooooooooooooooooooh. That makes more sense. I still wouldn't do it, but I can totally see using a realtor there.