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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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Buying New Construction Homes: What You Need to Know

Realty Biz

Buying a new construction home has its pros and cons. As the first owner, you'll enjoy the peace of mind of owning a brand-new property. New homes often require fewer repairs and updates since everything is up to date-and in good condition. Different types of new homes can be less expensive.

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Opinion: More financing options for ADUs are needed

Housing Wire

Heading into 2024, there are continuing and emerging financing options, grant programs and legislation all designed to help homeowners and builders create much-needed infill housing. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

Finance 461
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How fix’n’flip loans could help expand housing inventory

Housing Wire

“The average home age in the United States is about 40 years old, so there’s a huge stock of homes that need to be renovated.”. Given the rising price of lumber and other construction costs, renovations may sound impractical. A fix’n’flip loan is designed to cover the costs of purchasing a home and renovating it.

Loans 336
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Buy an Existing Home or New Construction: 5 Things to Know

Louisville Homes

You have a couple of options, namely, buy an existing home or new construction. The other option is to go the new construction route. Next is buying the materials and beginning construction. Over time, more repairs and renovations will be necessary and this could end up being costlier than building a custom home.

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How to write a lead-winning, memorable real estate agent bio (+ examples)

Housing Wire

Accreditations and designations Highlight your professional credentials and any special designations you’ve earned. With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales.

Agents 388
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Flagstar Bank offers brokers direct access to seasoned specialty lending experts and powerful tech solutions

Housing Wire

Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.

Lending 323