Avoid These 4 Misperceptions When Buying From A Residential Developer

October 8, 2014

When Chicago Agent needed a source to discuss the keys to working with a development sales team, of course it tapped the expertise of Taylor Johnson client Related Realty, which has overseen the sales of hundreds of developer condos in the last year. In this article, Ami Bumia with Related Realty sheds light on some critical misperceptions many buyers (and some agents) have in purchasing a new home from a developer and how, when issues are addressed beforehand, sales go much smoother for both parties. For example, unlike in a resale situation, developers typically don’t negotiate on pricing, so buyers should keep that below-listing offer in their pocket.

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Ami Bumia is a broker at Related Realty.


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