Why You Should Always Bring a Realtor When Buying Pre-Construction
As a buyer, it's important to know that you won’t be responsible for paying your realtor’s commission when purchasing a new pre-construction property. Now that we've cleared that up, here's why having an experienced realtor by your side is a smart move – and could actually save you money in the long run:
When you visit a builder’s sales center, the builder's agents will likely ask you to sign a "registration form" that may secure their commission if you make a purchase. Without your own realtor present, the builder’s sales team will represent both you and the builder, which can lead to a conflict of interest. Their goal is to sell you a unit, which means your interests might not always align. So, who’s looking out for you? That’s where your realtor comes in.
A realtor works for you, not the builder. At Condolookup.ca, we specialize in pre-construction condominiums, taking the time to understand your unique needs and preferences before recommending the right property. We’ll analyze the projects that interest you and guide you every step of the way.
While prices for new homes and condos are typically fixed, your realtor can help you secure a better deal through other means. Here’s how:
✅ VIP Incentives & Offers: Realtors get access to exclusive VIP events, offering the best floor plans and pricing before they’re available to the public.
✅ Upgrades: We’ll keep you informed about available incentives and upgrades, so you get the most value from your purchase.
✅ Deposit Schedules: Your realtor can negotiate a payment structure that works with your budget, making it easier to manage.
✅ Mortgage & Financing: We can connect you with trusted mortgage brokers to help you secure the right financing.
✅ Understanding Your Agreement: Your realtor will ensure you fully understand your Purchase & Sales Agreement and can refer you to real estate lawyers if needed.
✅ Minimizing Closing Costs: We’re skilled at negotiating capped closing costs, potentially saving you money.
✅ Assignment Fee Negotiation: If you ever decide to assign your unit, your realtor can help you navigate the process, including dealing with builder restrictions.
✅ Rental Assistance: If you plan to rent out your unit during the occupancy period, we’ll guide you through the process and help you comply with builder policies.
Key takeaway? Always bring a realtor with you the first time you visit a builder’s sales center!
If you're interested in exploring any pre-construction projects, feel free to reach out to us at 416-888-4116 for a free consultation. Let’s find the perfect property for you!
