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.

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Realtor.com

SEPTEMBER 18, 2020

Even in the midsize town in northern Alabama where we wanted to buy, the real estate market was nuts. When we finally did go under contract on this third home, we learned of another issue: Home inspectors in the area were booked for two weeks and up, but our contract stated that we had only seven days to get an inspection done.

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Realtor.com

JUNE 24, 2021

In this latest installment of our new series, “ First-Time Homebuyer Confessions ,” we spoke with Nicole Krouse (who happens to be director of marketing at Realtor.com ). Nicole and Pat, however, were able to buy their house for just over half that sum by choosing new construction. So we thought, “Why not?”

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RIS Media

JULY 8, 2021

HomeTeam Inspection Service of Kentuckiana Owner Brad Lawler explains why potential buyers should never skip a home inspection, even when housing inventory is scarce. It’s no secret that the current housing market is hotter than ever. ” Lawler offers five reasons why buyers should always get a home inspection: 1.

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HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Michigan? Your closing costs may differ depending on your circumstances and the terms of your home purchase. Your Michigan dream home has just come on the market, and you’re eager to make an offer.

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Realtor.com

OCTOBER 15, 2020

However, just because a house is new doesn’t mean it’s free of flaws. There are a lot of factors that could make a brand-new home a less than ideal purchase. So, before closing on a new-construction home, here are some things you need to consider. Quality of the build. Possible upgrades and design options.

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HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Georgia (GA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. When it comes to closing costs, the Peach State is one of the friendlier parts of the U.S. to purchase a home in.

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HomeLight

APRIL 14, 2023

Your California dream home has just come on the market, and you’re eager to make an offer. 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?

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HomeLight

APRIL 13, 2023

However, there’s another set of fees and charges you must be prepared for, and those are closing costs. According to ClosingCorp, which provides real estate closing cost data for the mortgage industry, closing costs in Florida, including transfer taxes, average 2.3% Find a Buyer's Agent What are closing costs?

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HomeLight

FEBRUARY 2, 2022

While serious structural defects are rare , when red flags pop up, general home inspectors often refer buyers and sellers to professionals, like structural engineers, who can conduct further specialty inspections. “A In this comprehensive guide, we’ll answer all the hows, whens and whys of structural inspections. A home inspection.

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HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Pennsylvania (PA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. Home inspections, earnest money, mover’s fees…the costs of buying a home in Pennsylvania can add up.

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The Residential Specialist

FEBRUARY 27, 2024

New home construction can be a profitable niche for real estate professionals who are willing to dedicate the time and effort By Myrna Traylor Most residential real estate professionals enter the real estate field with an eye on the largest market—resales of existing homes. New construction is always seen as much more expensive.

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HomeLight

APRIL 13, 2023

You successfully negotiated an affordable price for a Nebraska home and are ready for closing. 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? Who pays for closing costs in Nebraska?

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Housing Wire

JULY 20, 2023

We are still at least a million listings shy of being a balanced market, so this excuse is not going to subside anytime soon. Stop answering clients’ concerns by saying, “Yeah, there’s really nothing on the market, I mean everything in the MLS is already pending. Builders are closing loans in the 4.5 Next, the house is new.

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HomeLight

JANUARY 6, 2021

If you’re trying to save money or keep your costs down, you may wonder if you really need to have a home inspection done. So, why get a home inspection? And how much does a home inspection cost? What is a home inspection? After the inspection, they’ll give you an inspection report.

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Broke Agent Media

MAY 16, 2023

BAM Key Details: The results of a new Opendoor survey reveal an inconsistency in housing market expectations, along with areas where buyers and sellers can meet in the middle. Data from a new Opendoor survey is shedding some light on how buyers and sellers see the housing market, what their top concerns are, and what they can agree on.

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Real Trends

MARCH 2, 2022

Even as the COVID-19 pandemic destabilized the economy, the 2021 housing market was the hottest ever recorded in U.S. Millennial homebuyers enter this scorching-hot housing market as the largest share of home buyers among all generations, and many of them plan to use a real estate agent.

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HomeLight

JULY 6, 2023

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. Learn More Contingent or pending, you’re under contract!

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HomeLight

OCTOBER 29, 2021

If living in a brand new house with no footprint other than yours appeals to you, you might be thinking about a new build. New construction gives you the chance to move into a house that is exactly what you want because you get to choose everything, from the builder and lot, right down to the light fixtures and bathroom hardware!

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Redfin

MARCH 30, 2021

All you want to do is move in, but first, you have a lot to schedule and arrange, and you’re wondering just how long it will take to close on your new home. Closing on a home typically takes 30-60 days, with several steps that need to be taken in order for a swift and smooth closing process.

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HomeLight

AUGUST 16, 2022

So, to help you navigate in this new world where everything costs more, we’re arming you with the latest information about: what is causing inflation. how it’s affecting the housing market; and, the steps you can take to make the most of that market and to combat inflation for the good of the country and your bank account.

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HomeLight

FEBRUARY 1, 2022

But the house itself will get a certain price when you sell it, often based on its fair market value (FMV). But what is fair market value? And how is it different from market value or appraised value? What is fair market value? When might a home not sell for fair market value? How is it determined? Kent Pratt.

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RIS Media

OCTOBER 5, 2021

Millennial buyers are being squeezed out of the market as prices continue to climb. He also noted that the price gains are likely cooling down along with the heated competition for listings as the market settles, providing better buying opportunities for folks still in the market. We’ve all seen the headlines.

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Real Trends

MARCH 22, 2023

Negotiation happens not only when the offer is made, countered and hopefully accepted, but also during home inspections, appraisals, commission collection and many other times before your clients finally make it to the closing table. Was it a pending sale that returned to the market? Were there inspection or appraisal issues?

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The Residential Specialist

FEBRUARY 26, 2021

New home construction has become an enticing option for buyers—and right now the market is surging. Even before the coronavirus pandemic put unanticipated stress on the housing market by reducing inventory and increasing prices, new home construction was an enticing option for many prospective homebuyers.

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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?

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HomeLight

APRIL 29, 2021

From cocktail parties to backyard barbecues, it seems like everyone around you is talking about how hot the real estate market is. So does that mean you’re in a buyer’s market or a seller’s market? Like stock prices, the real estate market fluctuates. Seller’s market: The odds are in your favor. Home prices rise.

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HomeLight

AUGUST 31, 2021

Don’t let the pristine facade or shiny appliances of a model home deceive you: buying new construction will be as complex as any old real estate transaction, if not more so. These are all areas where a knowledgeable buyer’s agent who’s got lots of new-build experience and local builder connections can be invaluable.

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Realtor.com

DECEMBER 8, 2022

Photo-Illustration by Realtor.com; Photos: Getty Images (6) Buyers got on a roller coaster in January 2022 and stayed strapped in for the real estate market loops throughout the year. Homes in July were snatched up in 34 days—and come November, they lingered on the market for 56 days. And happy home hunting.). Another reality check?

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RIS Media

MAY 19, 2021

However, this is just the start with many things to do before the status changes to “Closed.” It shows that the contract has been agreed upon, but some work still needs to be done before closing. Common real estate contingencies include the following: Inspection Contingencies. Financing or Mortgage Contingencies.

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HomeLight

OCTOBER 17, 2022

HomeLight’s free Agent Match platform can connect you with a top-performing agent in your market who can help you navigate your entire home-selling journey — from disclosures to closing. Once an offer on a home is accepted, the buyer is usually given a specified number of days to inspect the property. Find Agent.

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Marco Santarelli

AUGUST 21, 2020

As we enter into the 3rd quarter of 2020, Miami remains a buyers' market and investors need to capitalize on this advantage while it is still there. We will discuss the latest Miami real estate market trends and find out how they can affect the investors and homebuyers in the latter half of 2020. trillion), New York (2.6

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HomeLight

SEPTEMBER 26, 2022

New construction might seem less expensive — but if, for example, it doesn’t include landscaping, and that’s something you have to do yourself after closing, that can be expensive. It depends on your area and what’s included in the builder’s package. A preowned home already has all that. Gretchen Slaughter. Real Estate Agent.

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Realty Biz

OCTOBER 21, 2023

Development financing for larger new construction projects and alternative financing approaches should also be considered. By carefully managing costs, finding suitable financing solutions, and understanding market trends, builders can navigate these challenges and maximize their profitability.

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Real Trends

OCTOBER 5, 2022

Why buy your listing when there’s new construction with builder incentives? But, the market has changed and buyer concessions are becoming a thing. Have your seller contribute $10,000 toward the buyer’s closing costs. Again, this would be paid from the seller’s proceeds at closing.

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HomeLight

FEBRUARY 28, 2021

Cary homes are staying on the market for an average of 61 days , with a majority selling at the same price as the listing price. That can make it tough to close on the house you want. Don’t skip the home inspection. It’s important for anybody to get an inspector for a new home as well as an existing home,” he says.

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HomeLight

OCTOBER 15, 2020

With this comprehensive guide, you’ll find out what problems are common in Atlanta homes (and why you’ll definitely want a termite inspection and termite bond) and what neighborhoods match your unique criteria for the best place to live so that you can buy a house you’ll love living in for years. Source: (Sven Mieke / Unsplash). “We

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