What to know when buying in new construction in San Francisco
Are you considering buying a newly built home in SF?
The developer has their own representation, why shouldn’t you…?
We will help you with:
Incentives and pricing - We are plugged in to current market dynamics and stay on top of pricing and incentive offers. The on-site agent’s job is to get the best price for their client, the developer. We know the market and will represent your best interests exclusively.
Financing - While new developments typically have pre-approved lenders, we can offer you access to a much wider range of mortgage brokers who may have more options that suit your particular financial situation better than the in-house lenders.
The purchase contract - While approved in advance by the California Department of Real Estate, the contract is written by the developer to protect the developer. While we can’t provide legal advice (that would be illegal), we make sure you understand what you are signing and how the contract operates. If there are sections of the contract that you don’t understand or have concerns about, we can recommend excellent real estate attorneys that we know have a good track record with helping buyers.
Inspections - The home is new, should you have an inspection? Most new construction contracts have no inspection contingency. We help you understand not just the home you are purchasing, but also the building and neighborhood. Our job is to make sure you understand what your home, building, and neighborhood might look like in the future.
Escrow and Closing - New construction sales have as much paperwork and as many people as any other real estate transaction. Our job is to make sure none of the details are overlooked, that everyone is on the same page, and that your escrow is as stress and worry free as possible.
It’s free! - Developers know that Realtors have access to the most qualified pool of buyers who understand the market and are ready to purchase. You pay no additional cost for independent buyer representation, nor will you get a better price by choosing to give up independent representation.
As your buyer’s agent, we have a fiduciary duty exclusively to you.
It is important to know that if independent representation is important to you, then we must accompany you on your first visit to the sales office. We are happy to schedule a private appointment for you at your most convenient time.