New home sales are booming in Northern Colorado. 72 percent of new home sales are below $400,000, which means 28 percent of new homes are in the higher-end market.

There are 40 active new home neighborhoods in Larimer County today, with the top selling neighborhoods being Thompson River Ranch, McClelland’s Creek and Bucking Horse.

There are distinct and very meaningful advantages to Buyer’s having their own agent representation when buying new homes. This means you seek out an agent with proven, new build knowledge.
Here are the advantages:

  1. A Buyer’s Agent is paid by the new Home builder company at closing, so there is not out of pocket fee to obtain representation.
  2. Your own Buyer’s agent has helped buyer’s build homes many times before, so they are experienced in helping you do pre-budget plan and ask pre-build important questions.
  3. Your agent has a large group of contacts and the builder is more likely to work with you on item changes, as they want to have benefit of a good representation.

How do I know these things? I’ve helped many people build new homes. Currently, I have two in Thompson River Range and one in the luxury subdivision of Harmony in Timnath. One buyer couple found out that their lot wasn’t large enough and wanted to change to a different one. The builder agreed but wanted to impose a $10,000 upcharge for the privilege. It took me a couple of days to climb the “corporate” homebuilder ladder and get the change approved for no charge. The second home buyer had issues with where the island placement was and missing lighting. The third family are building a semi-custom home and wanted my expertise in going to the finishes meetings to ensure that they were getting the high-end materials one would expect in a country club home.

Previously, I worked for a few months to get a furnace replacement, when it was found the installed furnace was too small for the home’s square footage, and another time, I found that the builder’s in-house lender had charged double the amount of closing costs. These are just a few of the items that should not happen, if a buyer gets their own realtor representation.

It would seem that perhaps it would be easy to go in and purchase your home, using the non-licensed builder’s representatives, and it definitely will be for the builder. However, for the buyer, there are only advantages to having qualified, experienced Realtor help.