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Buying a New-Construction Home: Pros and Cons All Homebuyers Should Know

Realtor.com

Getty Images While buying a newly built home may not be the first thought to come to mind for homebuyers, purchasing new construction is a common option that comes with distinct benefits in today’s market. New construction can refer to single-family homes, condos , or apartments, and are available across the U.S.

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10 Steps for Navigating the New Construction Home Buying Process

HomeLight

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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What is a Certificate of Occupancy in Real Estate and When Do You Need One?

HomeLight

To provide you with the most complete information, we talked to the experts: Eugene Lackey , Supervisor of Building Construction Inspections for the City of Cincinnati. Sandro Perez , Building Inspection Superintendent in Pleasant Prairie, Wisconsin. A home on which extensive renovations were done. Let’s get started.

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Tips for Marketing High-Performance Homes

The Residential Specialist

Agents may have to adjust their marketing strategies when selling an eco-friendly home. After getting an energy audit through a home inspection company, he followed recommendations to install foam insulation in the attic, replace the furnace and heat pumps with more energy-efficient models, and add solar panels to the roof. “The

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What Is Fair Market Value (FMV) and How Do I Determine What My Home Might Be Worth?

HomeLight

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? Transactions.

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How Is Inflation Affecting the Housing Market?

HomeLight

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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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

We don’t just pull numbers out of the air—they are market supported adjustments backed by ‘many angles’ of research.” ” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” “The definition of market value.”

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