BAM Media

JULY 24, 2025

Some are backing out during the inspection period when a better home hits the market or when they find a flaw they don’t want to fix. Some Sellers Are Willing to Bend In the past, sellers could afford to say no to inspection repair requests or lowball offers. Negotiate during inspections rather than reject requests outright.

Sales

Redfin

JULY 18, 2025

Maybe you finally found your dream new-construction build in Phoenix, AZ , or the next place to call home in Middletown, CT. That’s where a home inspection contingency comes into play. Key takeaways A home inspection contingency protects the buyer from purchasing a property with significant issues.

Inspection contingency

AAOA

AUGUST 4, 2025

You drive past new construction on the way to work, overhear parents talking about school quality at the grocery store, and know whether downtown traffic is steadily increasing or tailing off. Scan the new construction pipeline. Re inspect vacant units to gauge turn cost accurately. Ask tough questions.

Marketing

Redfin

FEBRUARY 24, 2025

Home inspection: Conducting a thorough inspection is essential to identify potential issues with the property. The cost for a standard home inspection ranges from $250 to $700, depending on location and the home’s size. For a median-priced home, this translates to approximately $8,384 to $20,960.

Debt-to-income ratio

Redfin

JULY 16, 2025

Looking for a new construction home ? So, whether you’re buying your very first home in Atlanta, GA or looking for a new build in Salt Lake City, UT , this article has you covered. So, whether you’re buying your very first home in Atlanta, GA or looking for a new build in Salt Lake City, UT , this article has you covered.

Pre-approval

Marco Santarelli

MARCH 20, 2025

Limited Space: Coastal cities often have limited space for new construction, leading to a shortage of housing and increased competition. Don't Waive Important Contingencies Lightly: While it can be tempting to waive contingencies like inspections to make your offer more attractive, be very careful.

Pre-approval

GeekEstate

MAY 14, 2025

NEO : a multilingual platform that partners with associations and MLSs to provide agents with a sales and marketing tool to help sell new construction more efficiently. QwikFix : enabling agents and their clients to turn home inspection reports into repair quotes that are fulfilled by licensed contractors.

MLS

Marco Santarelli

MAY 14, 2025

Supply and Demand Imbalances: Sometimes, a rush of new construction (perhaps during a boom period) can lead to an oversupply of homes if demand doesn't keep pace. Due Diligence is Key: Scrutinize the local job market, understand why prices are falling, and get a thorough home inspection.

Marketing

Marco Santarelli

JUNE 8, 2025

Buyers now have more time to consider their options, conduct thorough inspections, and negotiate terms without the intense pressure of immediate competition. Factors like recent construction trends play a significant role in the availability of homes in different areas.

Marketing

Marco Santarelli

JULY 18, 2025

Less Pressure: You might have a little more time to think, get inspections, and negotiate. If New York's job growth slows down, so too might housing demand. New Construction: The report shows new listings are up, but a big part of solving the inventory crunch long-term is new construction.

Marketing

Marco Santarelli

MAY 12, 2025

Others might be experiencing a slowdown in retiree demand or an increase in new construction finally catching up. The days of having to make an offer in 5 minutes with no inspections are hopefully behind us in most areas. It's likely a mix of reasons. Some may have seen prices get particularly ahead of local incomes.

Marketing

Redfin

AUGUST 5, 2025

They’re often cheaper than new construction homes Model homes are meant to be a reflection of what other properties will look like in a given development. Pros Cons Model homes are usually more affordable than other new construction homes. There’s an increased chance of construction errors.

Purchase and sale agreement

Marco Santarelli

JUNE 9, 2025

Buyers now have more time to consider their options, conduct thorough inspections, and negotiate terms without the intense pressure of immediate competition. Factors like recent construction trends play a significant role in the availability of homes in different areas.

Marketing

Marco Santarelli

JUNE 12, 2025

Buyers now have more time to consider their options, conduct thorough inspections, and negotiate terms without the intense pressure of immediate competition. Factors like recent construction trends play a significant role in the availability of homes in different areas.

Marketing

Rochester Real Estate

NOVEMBER 5, 2015

Builder’s warranties and routine inspections are part of a comprehensive quality assurance plan that can be implemented through specialized consultants or managers. The best new construction advice is to ask to review the warranty early on. What is a builders warranty?

Purchase and sale agreement

The Close

APRIL 3, 2025

However, Kiavi has the highest credit score requirement of 680, and uses a draw process that requires an inspection to release funds periodically. Unlike most types of fix and flip loans, it has no application fee, doesnt require an appraisal, and doesnt require income verification. This also allows it to close in as little as seven days.

Loans

Redfin

JUNE 17, 2025

New builds also often come with home warranties, which can protect you from future expenses. Cons of a new home Pricing While it depends, newer homes are often more expensive because of the brand-new construction. Do new or old houses cost more? There may also be additional costs like landscaping.

Renovation

Marco Santarelli

MAY 13, 2025

Supply and Demand Imbalances: Sometimes, a rush of new construction (perhaps during a boom period) can lead to an oversupply of homes if demand doesn't keep pace. Due Diligence is Key: Scrutinize the local job market, understand why prices are falling, and get a thorough home inspection.

Marketing

Redfin

MAY 5, 2025

Zoning laws have limited new construction In many regions, WWII-era single-family zoning laws have limited the ability to build enough housing units. Be flexible on negotiations: Expect buyers to push for inspections, repairs, and price reductions. Check out Redfin Redesign to test some looks before investing in a makeover.

Closing costs

Maximum Exposure Real Estate

JANUARY 24, 2022

Should You Hire a Home Inspector For a New House? Should you get a new construction home inspection? When you buy an existing home, a home inspection isn’t a difficult decision. The post Is a New Construction Home Inspection Needed? But if you are buying […].

New Construction

McKissock

JANUARY 11, 2022

While most appraisals only require a single field visit—and in some cases none—when it comes to appraising new construction, you may need to visit the property several times. You will also need to conduct a final inspection. Inspection during construction. Final inspection. Don’t be lenient.

New Construction

Housing Wire

MAY 6, 2024

NRMLA and MBA also request changes to language in certain forms, including in the Compliance Inspection Report, so that the report can “utilize the documentation from a licensed and bonded person as required by the state to certify without additional costs to the borrower or mortgagee.”

VA loan

Housing Wire

FEBRUARY 1, 2023

The streamlined process and certainty One-Time Close New Construction loans offer is unmatched and will set brokers up to be the hero with builders, real estate agents and contractors, and get their borrowers in their dream home,” Mat Ishbia , president and CEO of UWM, said in a statement.

Construction

HomeLight

JULY 22, 2024

When you’re buying an existing house, there’s hardly any question that you’d want a home inspection. However, that decision might not seem as obvious when you’re buying a brand new house : should you get a new construction home inspection?

New Construction

Realtor.com

SEPTEMBER 18, 2020

When we finally did go under contract on this third home, we learned of another issue: Home inspectors in the area were booked for two weeks and up, but our contract stated that we had only seven days to get an inspection done. We got lucky, but it left me wondering: Is it ever OK to waive a home inspection?

Inspection

HomeLight

AUGUST 17, 2022

Buying a new construction home can be intimidating. If decisions aren’t your thing, you might be able to buy a new construction home that is already built and ready for you to move in. Find a buyer’s agent who works with new construction. Find a Buyer's Agent to Help You Buy A New Construction Home.

New Construction

HomeLight

JULY 31, 2020

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.

New Construction

Housing Wire

FEBRUARY 22, 2024

Balancing supply and demand is a delicate dance between new construction and existing properties. Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability. HW: What are the risk management challenges for REO assets?

Due diligence

Realtor.com

NOVEMBER 9, 2022

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.

New Construction

Realtor.com

OCTOBER 15, 2020

However, just because a house is new doesn’t mean it’s free of flaws. There are a lot of factors that could make a brand-new home a less than ideal purchase. So, before closing on a new-construction home, here are some things you need to consider. You shouldn’t expect to have any problems in a new home for a long time.

New Construction

RIS Media

APRIL 22, 2022

In this highly competitive housing market, the persistent low inventory of existing homes has led many buyers to look to new construction as an opportunity to customize a home to their needs, without having to beat other buyers to the closing table. The result has frustrated many new construction buyers.

New Construction

Louisville Homes

DECEMBER 21, 2021

On a regular basis, acquiring good quality construction materials, visiting the construction site, and negotiating with the labor force, laborers, and painters is a physically challenging activity. In this piece, we’ll look at new construction pros and cons. Customization Is Amazing. Disadvantages . Limited Options.

New Construction

Windemere Buying

MARCH 29, 2023

A new construction home, however, has no previous owner; it comes brand new. Learning about the new construction buying process will help you understand how it differs from other types of housing, such as existing single-family homes, townhouses, condominiums , etc. What is a new construction home?

New Construction

HomeLight

JUNE 21, 2021

Buying a house is always an emotional cocktail of excitement and stress, but doubly so when it’s a new-construction home. Download Your New Home Inspection Checklist! Get your checklist outlining the primary steps in the most critical new construction inspections. Home inspections vs. walkthroughs.

Inspection

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.

New Construction

Realty Biz

MARCH 29, 2021

When purchasing a brand new construction home, they are often covered by a warranty for about the first one or two years of ownership. It is not uncommon to see some new housing developments advertise that they offer a builder’s warranty. What is Covered in a New Construction Warranty?

New Construction

McKissock

MAY 6, 2022

New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. Those requirements can make it hard to find other new construction comparables.

New Construction