If I am buying house on a plan, could i still face a bid war?

If I am buying house on a plan, could i still face a bid war?

Seattle, WA · Member since 2017 · 7 posts · 0 votes
Hey all, If I want to buy a new townhouse or a new home from a builder through plans, is there a possibility of other buyers coming in and making counters on it as well? For More Context: I’m looking at older and newer townhomes in Seattle and they are close enough in price ranges so im considering a new townhome on a plan. Also, if im going to move forward with this, would I still need to work with an agent of my choice or will builders generally already be partners with a firm? Thanks all! Ivan
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  • Realtor · WV · Member since 2018 · 454 posts · 310 votes
    8y
    @Ivan Xiong with new home builders they will typically only write one contract on a to be built home at a time. If you are offering lower than they are asking they may not accept your offer but won’t write another contract until yours has been rejected. So you are pretty safe once you get your offer in writing and submitted. The builders rep works directly for the builder and should treat you fairly but don’t represent the buyer. In most cases you can bring your own agent and the builder will work with them. If they won’t, they will tell you at that time that they don’t work with cooperating agents. I do suggest getting your own agent that will work on your behalf. All scenarios can be different but this is how it generally works from my experience. Good Luck! Aaron
  • Seattle, WA · Member since 2017 · 7 posts · 0 votes
    8y
    @Walter Aaron Poling Thanks for the helpful information.
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