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Appraising New Construction: Guidance for Follow-Up Inspections

McKissock

While most appraisals only require a single field visit—and in some cases none—when it comes to appraising new construction, you may need to visit the property several times. You will also need to conduct a final inspection. Inspection during construction. Final inspection. Don’t be lenient.

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Is a New Construction Home Inspection Needed?

Maximum Exposure Real Estate

Should You Hire a Home Inspector For a New House? Should you get a new construction home inspection? When you buy an existing home, a home inspection isn’t a difficult decision. The post Is a New Construction Home Inspection Needed? But if you are buying […].

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UWM rolls out construction-to-permanent loans

Housing Wire

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. The loan will cover an 11-month maximum build period with a one-month modification.

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Buying a New Construction Home

Windemere Buying

A new construction home, however, has no previous owner; it comes brand new. Learning about the new construction buying process will help you understand how it differs from other types of housing, such as existing single-family homes, townhouses, condominiums , etc. What is a new construction home?

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Buying a New-Construction Home: Pros and Cons All Homebuyers Should Know

Realtor.com

Getty Images While buying a newly built home may not be the first thought to come to mind for homebuyers, purchasing new construction is a common option that comes with distinct benefits in today’s market. New construction can refer to single-family homes, condos , or apartments, and are available across the U.S.

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New Year, New Home? 9 Myths About Buying a New-Construction House That Actually Aren’t True

Realtor.com

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

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66% of New Construction Buyers Express Regrets

RIS Media

In this highly competitive housing market, the persistent low inventory of existing homes has led many buyers to look to new construction as an opportunity to customize a home to their needs, without having to beat other buyers to the closing table. The result has frustrated many new construction buyers.