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7 Smart Ways To Lower the Cost of Buying a New-Construction Home

Realtor.com

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.

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UWM rolls out construction-to-permanent loans

Housing Wire

“The streamlined process and certainty One-Time Close New Construction loans offer is unmatched and will set brokers up to be the hero with builders, real estate agents and contractors, and get their borrowers in their dream home,” Mat Ishbia , president and CEO of UWM, said in a statement. UWM, which originated $33.5

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What Are Builder Incentives? The Secret to Getting a Deal on a New-Construction Home

Realtor.com

Builder incentives are promotions offered by developers that, much like a coupon, cut the cost of purchasing property in that community. to “Purchase before X date, and we’ll pay all of your closing costs.”. Homebuilders may offer incentives at any stage of the project’s development.

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Become a New Home Construction Expert

The Residential Specialist

However, many agents, including CRSs, are finding success in helping buyers manage the purchase of newly constructed homes. For those who want to add these capabilities to their service offerings, it is possible to add new home construction to your portfolio while maintaining your existing business.

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How Much Are Closing Costs in California?

HomeLight

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.

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Getting a Home Loan With Low or No Down Payment

Realty Biz

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. Department of Housing and Urban Development funds down payment assistance programs in every state.

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Buy a New Construction Home Using These 14 Tips from a Top Agent

HomeLight

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.