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

Redfin

JUNE 17, 2025

Modern design With newer homes come up-to-date designs like open floor plans, en suite bathrooms, and larger kitchens and closets. Builder incentives If you’re looking to build your home, there are often money-saving incentives such as help with closing costs and interest-rate buy-downs.

Renovation

The Close

APRIL 3, 2025

Here are some of the most important considerations: Interest rates and fees : One loan may offer a lower interest rate, but charge more in origination fees and closing costs. The interest rates are closely tied to mortgage rates, which are typically lower than hard money loans. Plus, the repayment term can be up to 30 years.

Loans

Housing Wire

NOVEMBER 3, 2023

That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey. Loan must close to be eligible for reimbursement of credit toward closing costs at closing.

Closing costs

Realtor.com

NOVEMBER 17, 2022

Compare that with a preexisting home’s median price of $396,300 , and it’s clear that buying brand-new might set you back tens of thousands of dollars extra. 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

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

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

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

Examples might range from “For a limited time, get $5,000 in designer upgrades!” to “Purchase before X date, and we’ll pay all of your closing costs.”. Builders often work closely with certain lenders because they want to know that the loan will close without delay once the home is completed.

New Construction

HomeLight

AUGUST 26, 2020

The national cost of building an “average” home in 2020 is $248,000 (for comparison, the average cost to build a low-end home is $178,000 while the average cost to build a high-end home is $416,000.). Custom homes, on the other hand, are designed and built to the specifications of the homeowner. Negotiate financing.

New Construction

The Close

JUNE 15, 2022

Closing costs 42. Who pays closing costs? Closing costs for seller 44. New constructions homes 39. For example, tens of thousands of people might search for “closing costs,” but only a few hundred might search for “closing costs in Phoenix.”. Do open houses work?

Closing costs

The Close

AUGUST 25, 2022

They’re designed by and for top-producing real estate agents. Best of all, C&C costs less than a cup of coffee per day. If you’re looking for more social media templates designed just for Realtors, along with free and paid places to acquire them, check out our guide here: Related Article. Closing Costs Q&A (Video).

Staging

Realtor.com

NOVEMBER 28, 2022

Also known as Section 502 or 504 loans, these programs are specifically reserved for people with low or moderate incomes looking to buy in designated rural parts of the country. They can be used to purchase townhouses as well as single-family homes, fund new construction , or renovate an existing home.

Loans

HomeLight

SEPTEMBER 1, 2022

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. As far as home styles go, new construction is trending toward a country style, says Raymer.

Earnest money deposit

Marco Santarelli

AUGUST 3, 2024

Many first-time buyers underestimate the true cost of homeownership, overlooking the hidden expenses beyond the mortgage payment. Common Mistakes: Not Calculating the Total Cost: Ignoring closing costs, property taxes, homeowners insurance, maintenance expenses, and potential unexpected repairs can lead to financial strain down the line.

Closing costs

HomeLight

MARCH 23, 2021

First-time home buyers may have enough money for a down payment, but not enough to pay their closing costs and have money left over. In the Bronx, it is common for the seller to pay the buyer’s closing costs in exchange for a higher purchase price, says Dale. Source: (Florian COURTHIEU / Unsplash). City Island.

Inspection

Marco Santarelli

MAY 20, 2024

This makes them hesitant to sell their properties, fearing they'll be forced to take on a new mortgage at today's much higher rates. This seller hesitancy, coupled with new construction failing to keep pace with housing demand, has created a nationwide shortage of both existing and new homes for sale.

Mortgages

Redfin

JULY 10, 2023

You’ll need to factor other costs into the equation such as closing costs , home inspection fees , and appraisals , when determining how much house you can afford. Reach out to a few mortgage lenders to get a pre-approval so you can gain insight into your financing options and other costs you may need to consider.

New Construction

Dwell Real Estate

JULY 1, 2020

June 2020 15719 SEATON PLACE, BRADENTON Sold By: James Tassell | Built Price: $559,892 New Construction by Lennar/WCI Communities in Country Club East at Lakewood Ranch. 601 17TH AVE E, PALMETTO Sold By: Cathy Loeppke | Built Price: $567,640 New Construction, Correggio Model built by Lennar/ WCI Communities in Sanctuary Cove.

Construction

HomeLight

DECEMBER 31, 2021

Regardless of the type of loan you have, you can increase your equity faster by increasing your monthly payment and designating that those extra funds be applied to principal. Examples may include: Finish the basement, which costs about $18,000 on average but recoups up to 70% of the cost at resale.

Equity

Marco Santarelli

APRIL 24, 2025

Redfin's data breaks it down pretty well: The South: In many Southern markets, there's been a surge in new construction and investor activity. Motivated Sellers: With homes sitting on the market longer, some sellers are becoming more willing to offer price reductions, credits, or help with closing costs.

Marketing

Marco Santarelli

JANUARY 26, 2021

New York may have been the city that never sleeps with several cultural attractions, fashion icons, and trendsetting architectural designs but it’s been falling behind recently. Now Dallas has taken over as the hot destination for savvy and new real estate investors. The median listing price per square foot was $189.

Marketing

HomeLight

NOVEMBER 21, 2022

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. In South Carolina, a real estate attorney is required to oversee the closing process. Plus, when a seller isn’t working with an agent, the buyer’s agent may end up carrying more of the weight to get the deal to the finish line.

Purchase and sale agreement

Marco Santarelli

AUGUST 26, 2020

This means you can probably buy a home for less than list price, and the seller might be willing to pay some or all of your closing costs. Many variables could potentially impact the value of a home in Seattle in 2020 (or any other market) such as big changes in the distressed, new-construction, or luxury home segments.

Marketing

HomeLight

SEPTEMBER 30, 2022

A new construction home — yours from the ground up, with no prior owners — sparkles with possibility. Here, we’ve enlisted the expert advice of top agents, industry insiders, and recent homebuyers to address key questions to ask when buying a new construction home. Should I hire an agent for new construction?

Construction

RIS Media

MAY 24, 2021

.” You may be able to, but the costs associated with buying a home go beyond the mortgage payment. To determine how much house you can afford, it’s important to factor in additional expenses, such as closing costs, insurance and taxes, before committing to a mortgage. Complete Costs of Buying a House.

Closing costs

Dwell Real Estate

JUNE 7, 2021

This maintenance-free villa is tastefully appointed, light and bright with designer finishes throughout. The grand kitchen boasts a 10ft island, shaker cabinets, granite countertops, stainless appliances, a wine refrigerator in the island, walk in pantry, and designer backsplash.

Design