Realtor.com
JANUARY 2, 2023
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.
Realtor.com
JULY 9, 2021
The couple lived in a third-floor apartment with their two children in a pre-war building they loved on Manhattan’s Upper West Side. We kept it in the pre-war style of the building, so we maintained its spirit, but everything is modern and new.”. We wanted the apartment to be our own and to reflect what we like,” she said. “We
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RIS Media
MARCH 25, 2022
Another shift noticed by the brokers who participated in the roundtable is that people are not interested in homes requiring significant sweat equity. New Construction: . According to participating brokers, permit logjams, supply chain issues, and lack of builder confidence have created a dire shortage of new homes.
Keeping Current Matters
FEBRUARY 24, 2021
She then offers a possible solution: “While the fear of not being able to find something to buy will not disappear in a limited supply environment, new housing supply can incentivize existing homeowners to move.”. Perhaps you need time to get permits or approvals for certain upgrades you made to the house. A true win-win negotiation.
Real Trends
FEBRUARY 27, 2023
New build sales reps can be a goldmine , especially in medium-priced and luxury new construction communities. This means they know who has a home to sell before they can close on the new one! New build sales reps can also tell you which homes are about to fall out of contract. Aim for five relationships like this.
HomeLight
AUGUST 31, 2021
Does the idea of buying a fixer-upper and quickly gaining thousands of dollars in equity by making minor cosmetic repairs appeal to you? A 203(k) loan can be an excellent way to gain large amounts of equity soon after buying the home. And that difference of $25,000 is equity in the home that now belongs to the new buyer.
Redfin
JULY 10, 2023
Buying gives you the opportunity to create equity you can use later, to move up, to make updates, or just to create wealth. Reach out to a few mortgage lenders to get a pre-approval so you can gain insight into your financing options and other costs you may need to consider. Are you looking for more space or a big backyard?
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