Redfin

FEBRUARY 24, 2025

Purchasing an existing home often proves more cost-effective than constructing a new one, though total expenses vary based on factors like home size, materials, market conditions, and location. The cost of building a house vs buying: Which is cheaper? Is it cheaper to build a house or buy one? reached $390,000.

Debt-to-income ratio

Redfin

AUGUST 5, 2025

While many first-time homebuyers consider a starter home, you may be wondering if buying a new construction home is a better choice. In this Redfin article, we’ll outline the new construction process, including the pros and cons of buying a new build, and financing options. Where do you want to live?

Pre-qualification

Redfin

APRIL 23, 2025

But many buyers cant afford to buy with these high mortgage rates and record-high housing costs. Markets in the South, where new construction and investor activity have been more robust, are seeing a surge in listings. Flexible sellers : Homeowners are increasingly offering price drops, credits, or covering closing costs.

Marketing

Redfin

JULY 16, 2025

Looking for a new construction home ? So, whether you’re buying your very first home in Atlanta, GA or looking for a new build in Salt Lake City, UT , this article has you covered. Key takeaways A spec house is a great move-in-ready option for those looking for a modern new construction home.

Pre-approval

Marco Santarelli

MAY 12, 2025

He added, “This is great news for homebuyers that have been sitting on the sidelines as increased for-sale inventory and the easing of median prices brings more opportunities.” But things are starting to change. What does “normalization” mean for you? compared to March 2024. For single-family homes, there was a 5.5-months

Marketing

The Mortgage Report

JUNE 9, 2025

The recent tariffs, especially those enacted in early 2025, have had a significant ripple effect on the cost structure for both new construction and ongoing property maintenance. How can prospective homebuyers navigate higher costs brought on by tariffs and economic volatility? How Soon Can I Refinance?

FHA 203k rehab loan

Marco Santarelli

AUGUST 7, 2025

Pandemic Boom : These cities saw a massive influx of new residents and homebuilding during the pandemic. Cost Conscious : High mortgage rates are top of mind for the buyers. New Construction : Buyers are considering new construction because builders provide rate buydowns and closing cost assistance.

Marketing

Housing Wire

MAY 19, 2025

As builders struggle to close sales, resulting in declines in builder confidence and in company revenues, many have started to pile on buyer sales incentives. Considering that the new construction sector entered the Great Recession with over 1.5 The spring homebuying season is in full swing.

Purchase and sale agreement

Marco Santarelli

JUNE 12, 2025

year-over-year) Home Price Growth (March 2025): 3.4% (down from 4% in Feb 2025) Typical Home Cost: $367,700 (based on Zillow data) Interestingly, the market isn't uniform across the country. Some areas, particularly those with a lot of new construction, are seeing builders reduce prices. Louis offering homes under $300,000.

Equity

The Close

APRIL 3, 2025

This also allows it to close in as little as seven days. of purchase price and 100% of rehab costs Lima One Capital offers one of the best fix and flip loans for investors who want options and flexibility. However, what really sets Lima One Capital apart is the flexibility and alternative loan options. 11.25% Covers up to 92.5%

Loans

The Close

JULY 28, 2025

With that being said, portfolio lenders aren’t all created equal. To save you time from doing the research yourself, I’ve looked at more than a dozen different lenders and selected the following as my top picks based on things like the rates and terms offered, company reputation, and funding speed. As a testament to this, it has a 4.8-star

Pre-qualification

Redfin

JUNE 17, 2025

Pros of an old home Cons of an old home What is considered a new home? Pros of a new home Cons of a new home So, how old of a house should I buy? Whether a house was built in the 1930s or 1970s, old is old, and there are several factors that differentiate an old house from a new one. What is considered a new home?

Renovation

Redfin

MAY 5, 2025

After closing, homeowners face steep monthly costs mortgage payments, insurance, taxes, and more which have hovered near record highs for months, thanks to the combination of elevated home prices and high mortgage rates. Their share has since dropped due to skyrocketing costs but still notably influences overall housing inventory.

Closing costs

Housing Wire

NOVEMBER 27, 2023

In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S. On a year-to-date basis, new home sales were up 9.5% However, the share of new construction for sale in the third quarter was the highest ever recorded. in the Northeast, 5.8%

Sales

Housing Wire

FEBRUARY 1, 2023

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. This type of loan only has one set of closing costs to pay, reducing the borrower’s overall fees.

Construction

Housing Wire

APRIL 26, 2023

Brian Parkinson, a loan originator at Alerus Mortgage , says that niche loans – including bridge loans, construction loans, doctor loans and professional series loans for CPAs and attorneys – are a great way to grab an agent’s attention in a market where referrals are critical. Niche loans consist of about 5% of Parkinson’s business.

Loan Officer

HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Michigan? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase.

Closing costs

HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Georgia (GA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. to purchase a home in.

Closing costs

Realtor.com

NOVEMBER 17, 2022

Getty Images While buying any home is an expensive endeavor these days, buying a brand-new home—where everything is in pristine condition—will understandably cost a bit more. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

New Construction

HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Pennsylvania (PA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. What are closing costs?

Closing costs

HomeLight

APRIL 14, 2023

But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. Find a Buyer's Agent What are closing costs? Some of these costs, such as property taxes and insurance, apply to homeownership in general.

Closing costs

HomeLight

APRIL 13, 2023

Once you’ve found your dream house in Florida and settled on the purchase price, you might think you know the final cost you’re responsible for. However, there’s another set of fees and charges you must be prepared for, and those are closing costs. Find a Buyer's Agent What are closing costs? of the sales price.

Closing costs

HomeLight

APRIL 13, 2023

For the final tabulation in determining the cost of your new house, you subtracted the down payment. But did you remember to add closing costs? So, how much are closing costs in Nebraska? Find a Buyer's Agent What are closing costs? Who pays for closing costs in Nebraska?

Closing costs

HomeLight

AUGUST 17, 2022

Buying a new construction home can be intimidating. If decisions aren’t your thing, you might be able to buy a new construction home that is already built and ready for you to move in. Find a buyer’s agent who works with new construction. Find a Buyer's Agent to Help You Buy A New Construction Home.

New Construction

HomeLight

JULY 31, 2020

The average cost of building a new house can range between $165,563 and $474,977 , and it could save you up to 15% in comparison to buying an existing home — but what do you know about the new construction homebuying process? Have you weighed all the pros and cons of buying new? Pros of new construction.

New Construction

HomeLight

JUNE 27, 2022

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. However, you want to arm yourself with the tools and insider information so you don’t get too carried away with the new build. The dos of buying new construction.

New Construction

HomeLight

MAY 28, 2024

This year, many homebuyers in Texas have an eye on a new construction property rather than an existing home. According to Fort Worth -based real estate agent Lily Moore , the average costs to build a house in Texas can actually make undertaking new construction the more affordable option right now.

New Construction

Realtor.com

NOVEMBER 7, 2022

Builder incentives are promotions offered by developers that, much like a coupon, cut the cost of purchasing property in that community. Builder incentives are promotions offered by developers that, much like a coupon, cut the cost of purchasing property in that community. ” How financial incentives with builders work. .

New Construction

BAM Media

MAY 28, 2024

BAM Key Details: About one-third of single family homes for sale in the first quarter of 2024 were new construction, roughly the same as last year but nearly double pre-pandemic levels. New builds made up about one-third (33.4%) of all homes for sale in Q1 2024—pretty close to last year’s share but down from a record high of 34.5%

New Construction

Realty Biz

APRIL 12, 2023

Buying a new construction home involves a different process than buying an existing home, and some people wonder if they need a real estate agent at all to buy one. While you technically do not need a realtor to represent you when you buy a new construction home, there are a few reasons it would be in your best interest to do so.

New Construction

Marco Santarelli

JUNE 14, 2024

According to a Redfin survey , several Florida cities are seeing an increase in housing inventory, including a significant rise in new construction. For buyers, the surge in new construction is a silver lining. ” However, sellers face challenges due to the rise in new supply coupled with high mortgage rates.

Marketing

The Close

JUNE 15, 2022

If you’re brand-new to SEO, check out our in-depth guide here: Related Article. Closing costs 42. Who pays closing costs? Closing costs for seller 44. How much does it cost to sell a house? New constructions homes 39. Don’t worry, you’re not alone. Buying vs building a house.

Closing costs

Realty Biz

JULY 20, 2022

This type of mortgage can be used, not only, to buy homes in rural areas, but also for renovations, new constructions, and relocating a house. Along with zero down, it offers lower interest rates and closing costs. Buyers do have a low down payment choice from federal programs, and there are assistance programs too.

Loans

HomeLight

AUGUST 26, 2020

But the price of building your own home can vary widely ($100 to $155 per square foot, according to HomeGuide ), and it depends heavily on the home’s location, the size, and if it is a custom or production new-build home. For some buyers, the unknown cost of a new-build home can be intimidating. What’s the difference?

New Construction

HomeLight

FEBRUARY 14, 2022

Knowing how to sell a townhouse quickly will help owners when the time comes to move on to whatever is next. A niche buyer market and possible community competition present difficulties that might naturally increase a townhome’s time on the market. But that doesn’t have to be the case. Fee simple townhouses. Condo townhouses.

New Construction

HomeLight

SEPTEMBER 25, 2023

A bridge loan for a real estate transaction is a short-term loan that enables homeowners to purchase a new home before their current home sells. Also called a swing loan or bridging loan, it allows a homeowner to leverage the equity in the home they’re selling to provide the funds for a down payment and closing costs on their new house.

Equity

HomeLight

DECEMBER 30, 2021

Gaining an early understanding of the legal documents for buying a house will help you avoid confusion and keep stress levels to a minimum while you’re in the midst of negotiations , inspections , and closing. This legal document is the key to buying your new home! This stack of paperwork is, however, essential. Seller’s disclosure.

Purchase and sale agreement