New construction can feel very different from traditional resale transactions. In this episode, we dive into new construction for Realtors with special guest Chad Broussard, a builder from Lafayette, Louisiana with more than 20 years of experience.
Chad shares his perspective on what agents should know when working with builders and representing buyers in new construction homes. From managing costs and timelines to setting clear expectations with clients, this conversation offers valuable insight into the builder side of the process.
We also discuss the relationship between builders and agents, the importance of professionalism on job sites, and how Realtors can build strong partnerships with builders in their market.
Here's what we cover in this episode:
- An inside look at new construction for Realtors
- Chad Broussard's journey into the building industry
- The difference between spec homes and custom homes
- How builders manage construction costs and budgets
- What agents often misunderstand about new construction
- Why builder addendums and contracts matter
- Setting buyer expectations during the build process
- Jobsite etiquette and scheduling visits properly
- Coordinating with lenders and appraisers during construction
- The role Realtors play when representing buyers in new builds
- Builder warranties and post-closing expectations
- How strong builder-agent relationships improve transactions
Understanding new construction for Realtors helps agents better serve their buyers while building stronger relationships with builders. When expectations are clear and communication stays professional, new construction transactions can be smooth and rewarding for everyone involved.
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