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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New Construction Construction Inspection Development 73

Louisville Homes

SEPTEMBER 9, 2022

From looking for homes to buy to financing and more, there is a lot to learn. Even with new construction , it always pays for a buyer to have their own Realtor. Buying a house is a huge investment, so you should never go into it without doing your due diligence. Have the Property Inspected Before You Buy It.

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Due diligence Pre-approval Inspection New Construction 52

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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Construction Purchase and sale agreement New Construction Inspection 102

Redfin

JANUARY 6, 2021

Secure Financing. Unless you have a lot of cash on hand, you’re likely going to need some sort of third-party financing to afford the cost of construction on a new home. Luckily, lending is available to homeowners for construction in a similar way to securing a mortgage for an existing home.

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Construction Land New Construction Inspection 59

HomeLight

APRIL 13, 2023

Homebuyers typically order the home inspection soon after going under contract, and they pay the inspector upfront for the service, so it doesn’t appear on the closing document. Ask for a repair credit for home inspection issues that you would prefer to rectify yourself. Can I add closing costs to my home financing?

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Closing costs Closing Title Inspection 73

HomeLight

APRIL 14, 2023

That doesn’t mean that you won’t get an acceptable offer, but “the cash buyer just has a little bit more leverage than someone who’s financing.” The sale won’t be contingent on the buyer ordering an inspection, waiting for their home to sell, or securing financing. They’re all escaping and trying to come to the beach.”

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Sales Due diligence Agents Closing 78

HomeLight

AUGUST 9, 2022

Larsen cautions that if you’re buying a new construction home, you will likely be expected to pay a much larger percentage of earnest money. Closings costs for buyers often clock in between 2% and 5% of the purchase price, and expenses beyond your down payment may include some (or all) of the following: Property inspections.

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Earnest money deposit VA loan Purchase and sale agreement FHA loan 88