{"id":361,"date":"2006-09-21T20:02:16","date_gmt":"2006-09-22T03:02:16","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=361"},"modified":"2006-09-30T11:55:04","modified_gmt":"2006-09-30T18:55:04","slug":"ask-the-broker-why-should-i-take-a-buyers-agent-along-to-buy-a-new-home","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/361\/ask-the-broker-why-should-i-take-a-buyers-agent-along-to-buy-a-new-home\/","title":{"rendered":"Ask the Broker: Why should I take a buyer’s agent along to buy a new home . . . ?"},"content":{"rendered":"

This question came at an appropriate time. My column in tomorrow’s Arizona Republic<\/i> deals with this topic<\/a>:<\/p>\n

Last year it was so hard to buy a new home. We would have had to camp out in some builders’ parking lots just to have a chance to be in a lottery to see if we could qualify to buy their house! But now it seems the builders are are giving really good deals. And I don’t need a realtor to find new houses that the builders are selling. So, is there any reason why I should use a realtor when I find a house that I think I want to buy?<\/p><\/blockquote>\n

I love this picture:<\/p>\n

<\/p>\n

Those people are waiting on a line to take a raffle ticket that will afford one or two lucky winners the opportunity to put a deposit down on a house that will not have been built for ten months or so. The photo was taken last June, in the midst of the buying frenzy that was going on in the Phoenix area at that time.<\/p>\n

I was at another subdivision at about the same time where a couple was living outside the sales office in their mobile home. One or the other was continuously waiting on line on the off chance that the builder might release a lot for sale.<\/p>\n

All of these folks were owner-occupants. Investors were banned from new home subdivisions at that time, and no investor would wait day-upon-day for a chance<\/i> at a lot, anyway. The investors were buying resale homes, where all you needed was cash and fast information.<\/p>\n

Those days are done. Resale inventory hovers at around 47,000 homes right now, where normal is somewhere between 25,000 and 35,000, and new-home builders have their own excess inventory to work through. For one thing, their demand projections were wrong, so they planned more lot releases than they had buyers for. Add to this the slow sales in resale — which means that many would-be move-up buyers have had to cancel their contracts.<\/p>\n

For now, builders have a surplus of ‘spec’ homes — houses that have been specified, planned, permitted Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This question came at an appropriate time. My column in tomorrow’s Arizona Republic deals with this topic: Last year it was so hard to buy a new home. We would have had to camp out in some builders’ parking lots just to have a chance to be in a lottery to see if we could […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,6,5],"tags":[],"class_list":{"0":"post-361","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-ask-the-broker","7":"category-marketing","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":725,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/725\/ask-the-broker-are-new-build-prices-negotiable\/","url_meta":{"origin":361,"position":0},"title":"Ask the Broker: Are new build prices negotiable?","author":"Greg Swann","date":"December 1, 2006","format":false,"excerpt":"When purchasing a home or condo in a new development are the prices quoted firm or can the buyer negotiate the selling price with the broker? Are the costs of \"upgrade options\" negotiable.The definitive answer: Maybe. New home sales is a retail business. The builder has to move current inventory\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":772,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/772\/almost-famous-businessweek-on-excessive-buyers-agents-commissions\/","url_meta":{"origin":361,"position":1},"title":"Almost famous: BusinessWeek on excessive buyer’s agent’s commissions . . .","author":"Greg Swann","date":"December 15, 2006","format":false,"excerpt":"Eagle-eyed Kevin Boer of Three Oceans Real Estate was the first to catch it: BusinessWeek.com quoted me in an article on \"supersized commissions\":There's nothing wrong with incentives, even sizable ones, if they're disclosed and buyers fully understand what's motivating the agents who are showing them around. But in many states\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":733,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/733\/ask-the-broker-can-buyers-negotiate-for-the-buyers-agents-commission-to-be-paid-to-them-instead\/","url_meta":{"origin":361,"position":2},"title":"Ask the Broker: Can buyers negotiate for the buyer’s agent’s commission to be paid to them instead . . . ?","author":"Greg Swann","date":"December 5, 2006","format":false,"excerpt":"We have been focussing on new construction and have been meeting directly with builders and their agents. We have not been represented by a buyer's agent up to now. Our strategy has been to save on commission by dealing with a single party. We recently looked at several resales where\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":627,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/627\/excessive-buyers-agents-commissions-at-new-builds-killer-deals-often-come-with-payoff\/","url_meta":{"origin":361,"position":3},"title":"Excessive buyer’s agent’s commissions at new builds: “Killer deals often come with payoff . . . “","author":"Greg Swann","date":"November 10, 2006","format":false,"excerpt":"This is my column from today's Arizona Republic (permanent link). I don't write the headlines, and I don't think this one is terribly representative of the article, but it is what it is. I asked the paper to change the attribution to use BloodhoundBlog's web address rather than my phone\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":413,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/413\/blogoff-post-36-ask-the-broker-why-do-people-hate-realtors\/","url_meta":{"origin":361,"position":4},"title":"Blogoff Post #36: Ask the Broker: Why do people hate Realtors . . . ?","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"The question is Cathy's, and it really plagues her:Why do people hate Realtors?It's funny, truly, because almost nobody hates his own Realtor. Some people have real horror stories to tell, but most people don't. To the contrary, most people have very happy, funny, charming stories to tell about the Realtor\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16976,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16976\/ask-the-broker-why-do-people-hate-realtors\/","url_meta":{"origin":361,"position":5},"title":"Ask the Broker: \u201cWhy do people hate Realtors?\u201d","author":"Greg Swann","date":"September 11, 2020","format":false,"excerpt":"The question is Cathleen\u2019s, and it really plagues her: \u201cWhy do people hate Realtors?\u201d It's funny, truly, because almost nobody hates his own Realtor. Some people have real horror stories to tell, but most people don't. To the contrary, most people have very happy, funny, charming stories to tell about\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/09\/harmen-jelle-van-mourik-0yfWDwHOB0g-unsplash-1-480x319.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=361"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/361\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}