08 Jun Why hire an agent when buying in a new development?
Should you hire an agent if you’re buying in a new condo development?
We think so. Can you go straight to the developer and get a better deal by cutting out the agent on the buy side? Usually, the answer is no.
When you buy a home in San Francisco, you have a contract that was written by an attorney. It’s a fair and balanced contract that actually gives a little more weight to the buyer than the seller. In a new development, the advantages are definitely written for the particular developer, not the buyer. The contracts that the developers have are actually specialized and written by them. You will want to have a seasoned person review this with you.
It can be very helpful to have an experienced local real estate agent walk you through the pros and cons of the different buildings and neighborhoods versus just sell you on one place. And depending on the state of the San Francisco real estate market there could be ways to negotiate upgrades and finishes, decreases in price, comping HOA dues and all kinds of other things.
Those are just a few of the reasons why you might want to use your own representation when buying in a new development in San Francisco. Check out the new condo development section of our website for more information on specific buildings.
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