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What is Covered Under a Builder Warranty in New Construction Homes?

Realty Biz

When purchasing a brand new construction home, they are often covered by a warranty for about the first one or two years of ownership. It is not uncommon to see some new housing developments advertise that they offer a builder’s warranty. What is Covered in a New Construction Warranty?

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Why Purchasing New Construction Can Be a Smart Move for First-Time Homebuyers

Realtor.com

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes.

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Some mortgage companies expanding despite challenges

Housing Wire

“Providing affordable housing, especially in large markets like Chicago, is vital,” said Kurt Carlton, co-founder and president of New Western. When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”. Rely Home Loans has plans to expand into Florida and Arizona.

Mortgages 382
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How Much Does a Home Appraisal Cost in Florida?

HomeLight

Loan type : According to the Appraisal Institute, FHA loans have additional requirements that can add time, so the cost of the appraisal can be higher. I had a new construction townhouse that took me three days,” she says. In addition to these factors, competitive pricing can also play a role.

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The 77 Best Real Estate Keywords of 2022 (+ How to Use Them & Find More)

The Close

If you’re brand-new to SEO, check out our in-depth guide here: Related Article. FHA loans. FHA vs conventional loans. New constructions homes 39. Generally speaking, the real estate keywords used in an article will represent the main subject of a blog post or webpage. Who pays closing costs?