Updated almost 2 years ago on . Most recent reply
Representation new construction
Hello, my spouse and I are looking into new constructions in the Orlando area. We’re first time home buyers and debating on whether to get a realtor or represent ourselves. Figured we could try to negotiate lot premiums, design incentives and closing cost incentives ourself.
Given FL dual agency laws and the recent NAR, what would this mean as far as commissions? Would we be able to pocket the buyer commission to remedy the final sales price or closing costs?
Most Popular Reply
#4 Investor Mindset Contributor
- Lender
- Tampa, FL
Use a good agent...I didn't say any agent...I said a good one that really understand the construction process. Builders normally build in a little something for buyer's agents, and the NAR agreement doesn't take the buyer's agent comp out of the MLS for a bit, but the agreement still allows for them to offer something to the buyer's agent. Use a good agent and they'll make the process smoother. You're not going to get a better deal by doing it yourself...trust me on that.