Today’s housing market is unlike any in decades. While existing home sales are increasingly in the news, new construction is proving to be an attractive and increasingly important segment for agents.
Despite a dip in new home sales in August, sales were still 5.8 percent higher year over year from August 2022, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD).11 New Home Sales Dip In August – NMP (nationalmortgageprofessional.com) With Offerpad’s Agent Partnership Program, you can build a niche market for buyers looking to buy new. You could earn an additional 3 percent referral fee in the process. Even more, with Offerpad recently lowering their service fee to 5 percent service, your sellers are pocketing more, too.
With builders offering incentives and price reductions to entice buyers, the new-home market is faring better than the existing home market, which continues to be at the mercy of rising mortgage rates. You can help them take advantage of those incentives by removing the biggest obstacle to buying new — the contingency of selling their existing home first. With our Homebuilder Services — made up of more than 40 of the top builders in the U.S. — you can request a competitive cash offer on behalf of your client while sitting in the builder’s office (or online) and within one hour, receive selling solutions to enable your client to choose their best way to sell.
Suppose your client’s existing home isn’t already listed on the MLS. In that case, Offerpad will pay you an industry-high 3 percent referral fee upon the successful completion of every eligible home sale on top of your regular commission.22 If the home is already listed, agents do not qualify for the 3 percent referral fee but can still request and receive an offer from Offerpad, with the seller paying the agent’s agreed-upon commission.
In addition to a quick cash sale (and no showings for your client — or you!), new-build buyers can easily coordinate closing dates up to 120 days to avoid double mortgages and having to move twice with Offerpad builder partners. Plus, they can remain in their existing home up to three days after they close when selling to Offerpad.
And talk about a smooth move. When your seller accepts a cash offer from Offerpad, they also receive a professional, free local move to get them into their brand-new home.33 Terms and conditions apply. For details, see www.offerpad.com/move-for-free.
Whether your clients are interested in buying a new build or just the easiest way to sell their home, Offerpad’s Agent Partnership Program can help make your job easier. Contact me to find out how or visit www.offerpad.com/agents.