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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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5 Reasons Not to Skip a Home Inspection

RIS Media

HomeTeam Inspection Service of Kentuckiana Owner Brad Lawler explains why potential buyers should never skip a home inspection, even when housing inventory is scarce. “Waiving an inspection can open a buyer up to unforeseen costs down the road that could have otherwise been avoided.” ” 2. .”

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I’d list my home, but where would I move?

Housing Wire

Build a home instead of chasing after the scarce resale inventory 30% of available homes are new construction, so there are several advantages to this option. Next, the house is new. No rehab for them and no inspection woes for you. They may have a downpayment saved that isn’t their home equity. range currently!

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8 reasons we won’t have housing inventory armageddon any time soon

Real Trends

Are we on the all-new crazy train, destined to crash off the cliff in a pile of short sales and foreclosures? Are distressed sales headed to your market? The headlines say that the influx of active listings will drive prices down, reduce the velocity of sales and, consequently, wreck the market. Is the bubble bursting?

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Consumers’ Housing Market Perceptions vs. Reality

Broke Agent Media

Given 72% of sellers are also buyers, it’s not earth-shattering news that both sides are often willing to see things from the other side’s perspective—and make concessions to speed things along. After all, the harder it is to buy a home, the more difficult it is for buyer-sellers to move ahead with a sale.

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Renting vs Buying in Birmingham, AL: Which is Right for You?

Redfin

If you’re considering buying a home in Birmingham, it’s important to know the median sale price for a home is $255,000. In 2022, the average home price was around $300,000 and today the median sale price is around $255,000. Building equity Owning a home provides a unique opportunity to build equity over time.

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How Much Are Closing Costs in Pennsylvania?

HomeLight

Home inspections, earnest money, mover’s fees…the costs of buying a home in Pennsylvania can add up. Buy for cash or sell to a cash buyer: A cash buy or cash sale can eliminate two of the biggest expenses: mortgage fees and commissions. Will a builder pay closing costs on a new construction home in Pennsylvania?