Real Estate Agents work like professional consultants whose services you can use when buying pre construction Condos, townhomes or houses.
Here are the reasons why working with an agent is a good idea:
Compare properties: Real estate agents don't work with just one builder-they work with all of them. A good agent will do their research and present you with comparable properties from many different builders that you'd like to consider before making your final purchase. A particular builder, on the other hand, will only sell their properties and not show you or compare properties of other builders.
Price: Real estate agents will negotiate on your behalf for a lower price and better incentives when buying the property.
Deposit Structure: In some cases, the deposit structure may be too tight for you, e.g 20% down in one year. A real estate agent can negotiate and stretch the deposit structure depending on your circumstances.
FREE professional service: When buying a preconstruction property, the builders pay the commissions to the real estate agent. You don't pay anything to the real estate agent.That means you will get professional advice at no cost, completely free!
Team of professionals: Buying a property may need the services of mortgage brokers and lawyers, and a good real estate agent has a team of professional mortgage brokers and lawyers who they work with and can refer you to. This saves you the trouble of looking over yellow pages or google to find lawyers and mortgage brokers.
Agreement: A real estate agent will help you understand all clauses of your Agreement of Purchase and Sale.
Assignment and Leasing Clauses: A real estate agent can negotiate the various clauses in your Agreement of Purchase and Sale, including assignment, ability to lease, occupancy date etc. to make the deal more favorable to you.