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New Year, New Home? 9 Myths About Buying a New-Construction House That Actually Aren’t True

Realtor.com

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

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A Guide to USDA Loans: A 0% Down Payment, Low-Interest Mortgage More Homebuyers Should Consider Now

Realtor.com

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.

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What Are the Costs Associated With Buying a Home?

RIS Media

The down payment is the part of the home’s purchase price you pay upfront, rather than financing it through a mortgage. It’s important to note that there are loans without a down payment requirement: USDA loans, for borrowers buying in designated markets (generally rural), and VA loans, for eligible service members and veterans.

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Your Guide to Buying a Home in the Sunshine State of Florida

HomeLight

As far as home styles go, new construction is trending toward a country style, says Raymer. Buyers will also find a lot of coastal home designs, as well as a good number of condos and townhomes. Contingencies: Financing, home inspection, and appraisal. Order a title search. Closing date. Home warranty.

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How to Sell a House by Owner in South Carolina: A FSBO Guide

HomeLight

Gila adds that FSBO sellers should list their home at fair market value , especially when competing with new construction in South Carolina that offers high incentives for buyers as well as real estate agents who provide Realtor® bonuses and buy-down interest programs or closing costs paid by sellers. Time to button up that deal.