Real estate agents are involved in the construction process

The partnership with Blue Brick Group is based on trust. They have solid confidence to deliver on their promises and maintain strong relationships with clients.

Continuing our series on real estate agents, we spoke with Roberta O’Banion, a professional with experience in the real estate sector, with a degree in Business Administration and 24 years of experience in the segment.

Here at Blue Brick Group, we have interesting real estate agents who help make your dreams come true. Learn a little more about the work of Roberta O’Banion, whose professional mission is to provide each client with an extraordinary experience. Among the characteristics of our agent are loyalty to the project, diligent and faithful service to ensure that the job is done in the best possible way.

1) What is the routine of real estate agents when they serve flipping clients or those who want to buy a property to build?

When assisting a buyer in the purchase of a new construction property, it is important to provide them with a clear and organized view of the steps involved. Here’s a step-by-step breakdown from a real estate agent: Understanding the buyer’s requirements: Start by discussing the buyer’s needs, budget, specific location, and any specific features they’re looking for in a new construction property. This will help narrow down the options and focus on suitable projects.

Research and selection: Conduct thorough research on new construction projects in your desired area. Consider factors such as builder reliability, amenities offered, project timeline, and pricing. Present a list of suitable options to the buyer for their consideration.

Site visits: Schedule site visits for the buyer to physically inspect the selected projects. Go along during these visits to provide guidance and answer any questions they may have about the property or the construction process.

Financing and budgeting: Help the buyer understand their financing options and get pre-approved for a mortgage, if necessary. Help them establish a realistic budget that takes into account not only the purchase price, but also additional costs such as upgrades, taxes, and closing fees. Negotiating and signing the contract: Once the buyer has selected a specific new construction property, help them negotiate the purchase price, terms, and any customization options. Review the contract carefully with the buyer to ensure they understand all clauses and obligations before reviewing it.

Monitoring construction: Maintain regular contact with the builder to monitor the progress of construction. Provide updates to the buyer and address any questions or issues that may arise during the construction phase.

Inspections and walkthroughs: Coordinate with the buyer and builder to schedule possible inspections at different stages of construction. Accompany the buyer during these inspections to ensure the property meets their expectations and quality standards.

Closing and handover: Guide the buyer through the closing process, including the final inspection of the property. Ensure all necessary paperwork is completed and the buyer understands their obligations and responsibilities as the new owner. Post-purchase support: Provides post-purchase support to the buyer, such as assisting with setting up utilities, providing recommendations for home maintenance services, or addressing any issues that may arise after purchase.

2) What is the main question that clients have when looking for an investment property (flipping)?

One of the main questions they usually ask is: “What factors should I consider when buying a house to renovate as an investment property?” This question reflects their desire to understand the key considerations and factors that can contribute to a successful renovation investment. For these investors, the answer is to analyze important factors that should be considered, such as:

Location: Choose a location with a strong real estate market and potential for appreciation. Look for areas with high demand, desirable amenities, good schools, and proximity to transportation and other conveniences.

Purchase price: Negotiate a purchase price that allows for a profitable resale after renovations. Consider the initial cost, potential repair and renovation expenses, and the desired resale price to ensure an adequate profit margin.

Renovation costs: Assess the condition of the property and estimate the cost of necessary repairs and renovations. Consider hiring professionals, such as contractors and inspectors, to provide accurate cost estimates.

Time frame: Determine the expected timeline for completing renovations and selling the property. Consider market conditions and potential delays in the construction process to avoid holding the property for an extended period of time.

Market Demand: Research your target market to understand the preferences and demands of potential buyers. Focus on popular features and design trends that can attract buyers and ensure a quick sale.

Financing: Explore the financing options available to purchase and renovate the property. Consider interest rates, loan terms, and potential risks associated with different financing options.

Realistic Profit Expectations: Set realistic profit expectations by analyzing the potential resale price, deducting all costs, and factoring in unforeseen expenses. Avoid overestimating your potential profit to ensure a successful investment.

Expert Advice: Seek guidance from experienced professionals, such as real estate agents, contractors, and property inspectors, who can provide valuable insights and help you make informed decisions throughout the process.

3) Do real estate agents follow the entire process between the client and the builder in the case of a home buyer property?

We are actively involved from start to finish in the construction process. This may involve assisting with selecting a builder, providing guidance on design choices and regularly visiting the construction site to ensure the project is progressing as planned. We can act as a liaison between the client and the builder, addressing any concerns or issues that may arise.

4) Why is it important to partner with Blue Brick Group?

Blue Brick Group has a proven track record of experience and expertise in the construction industry. Partnering with them can provide access to their knowledge and skills, ensuring that the project is executed efficiently and to the highest standards.

Quality and craftsmanship: Blue Brick Group is known for its commitment to quality and craftsmanship. Their attention to detail and dedication to delivering exceptional results can contribute to the success of a project. By partnering with them, you can be confident in the outcome and the satisfaction of your clients.

On-Time Completion: Blue Brick Group understands the importance of on-time project completion. Their efficient project management and scheduling can help ensure that deadlines are met and the construction process progresses smoothly. This can be crucial to meeting client expectations and maintaining a positive reputation in the industry.

Collaboration and Communication: A strong partnership with Blue Brick Group emphasizes collaboration and effective communication. They value open dialogue and actively involve all stakeholders in the decision-making process. This ensures that everyone’s needs and concerns are addressed, leading to a more successful and harmonious project.

Innovative Solutions: Blue Brick Group is known for their innovative approach to construction. They stay up-to-date with the latest trends, technologies, and sustainable practices in the industry. Partnering with them can bring new ideas and creative solutions to the table, increasing the overall value and competitiveness of the project.

Trust: Building a partnership with Blue Brick Group means establishing a relationship based on trust. They have a solid reputation for delivering on their promises and maintaining strong relationships with clients. This trust can foster a positive work environment and lead to long-term success.