In Episode 263 Brokering New Construction: Strategies for Agents, we jump into the crucial aspects of handling new construction projects as a real estate agent. Understanding the timeline for new constructions is fundamental, as delays are a common occurrence. Setting realistic expectations and maintaining open communication lines among the buyer, builder, and agent is emphasized to navigate these challenges smoothly.
We also explore the financial intricacies involved in new construction deals, highlighting the necessity for agents to be transparent about the total cost, including potential upgrades and unforeseen expenses. Offering guidance on how agents can assist clients in staying within their budget by preemptively discussing additional costs is a key focus of this segment.
The episode contrasts the intricacies of ground-up construction with the process of buying builder-completed homes. While ground-up construction allows for extensive customization, it demands a comprehensive understanding of initial costs, such as land purchase and construction permits. On the other hand, opting for a builder-completed home offers a more streamlined process, with a focus on the final sale price and what's included, simplifying the buying experience for clients. This episode equips agents with the knowledge to adeptly guide their clients through the complexities of new construction purchases, ensuring a successful and satisfying outcome.
Do Online Reviews Matter? - EP 272 - Real Facts on Real Estate
Do You Need to go to College to be a Real Estate Agent in Massachusetts? - EP 271 - Real Facts on Real Estate
Who Really Pays The Commission? - EP 270 - Real Facts on Real Estate
How to Become a Real Estate Agent in Massachusetts - EP 269 - Real Facts on Real Estate
Exclusive Buyer Agency Agreements - EP 268 - Real Facts on Real Estate
Working As A Buyer's Agent - EP 267 - Real Facts on Real Estate
Understanding Home Sale Contingencies - EP 266 - Real Facts on Real Estate
Unlock New Listings With a Suitable Housing Clause - EP 265 - Real Facts on Real Estate
How To Be a Successful Real Estate Agent - EP 264 - Real Facts on Real Estate
The Fear Factor: How to Overcome It and Excel as a Realtor® - EP262 - Real Facts on Real Estate
Winning A Bidding War - EP261 - Real Facts on Real Estate
Three Key Reasons for Failure in Real Estate - EP260 - Real Facts on Real Estate
Three Lead Sources That Never Fail - EP259 - Real Facts on Real Estate
Community Connectors in Real Estate - EP258 - Real Facts on Real Estate
Licensing Requirements for Brokering Businesses - EP257 - Real Facts on Real Estate
Setting SMART Goals for Realtors in 2024 - EP256 - Real Facts on Real Estate
Is 2024 a Good Year to Be a Realtor®? -EP255- Real Facts on Real Estate
Should I Get My Real Estate License in Multiple States? - EP254 - Real Facts on Real Estate
How Much Money Does A Realtor® Make in Massachusetts? - EP253 - Real Facts on Real Estate
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