6 Tips for Appraising New Construction Homes

McKissock

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.

Should You Buy an Existing Home or New Construction?

Keeping Current Matters

With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. New Construction . When buying a new home, you can often choose more energy-efficient options.

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Struggling To Find a Home To Buy? New Construction May Be an Option.

Keeping Current Matters

With so few homes available to buy right now, you might be considering building a new home as one of your options. First, let’s look at the benefits of purchasing a newly constructed home. With a brand-new home, you’ll be able to: 1. Have brand new everything.

These 50 US cities have the most new construction homes

The American Genius for Real Estate

These are the top 50 US cities with new construction homes. The post These 50 US cities have the most new construction homes appeared first on The American Genius Real Estate. Real Estate Big Data Growing Cities New Construction Real Estate News

35 Things to Add to Your New Construction Walkthrough Checklist

Redfin

Come prepared with a new construction walkthrough checklist and you’ll know exactly what to look for ahead of time. You might hear a new construction walkthrough called a “blue tape walkthrough.” Most new construction walkthroughs last about two hours.

66% of New Construction Buyers Express Regrets

RIS Media

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.

High Building Materials Prices Erode Preference for New Construction

Eyes on Housing

Preference for newly constructed homes skyrocketed in 2020, as buyers looked for homes with more square footage and amenities in which to work remotely, school children, exercise, etc. By the fourth quarter of 2020, 42% of prospective buyers preferred new construction.

Appraising New Construction: Guidance for Follow-Up Inspections

McKissock

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. Inspection during construction. Related Reading: 6 Tips for Appraising New Construction Homes.

New Construction Pros and Cons: Advantages and Disadvantages

Louisville Homes

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.

Have High Prices Reduced New Construction Interest?

Eyes on Housing

The drop is most likely the direct result of strong gains in new home prices in 2021, which have been driven by double-digit growth in.

Are Appliances Included in New Construction Homes? Your Guide to Buying Appliances for Your New House

HomeLight

You have the exciting opportunity to purchase a brand-new home! Buying appliances for new construction: Your questions answered. Let’s dive into some frequently asked questions about buying appliances for new construction homes.

Is a New Construction Home Inspection Needed?

Maximum Exposure Real Estate

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

The Most Unnecessary—and Most Valuable—Builder Upgrades for Your New-Construction Home

Realtor.com

Getty Images When buying a new-construction home, you’re presented with a variety of fixtures and amenities to choose from: Would you prefer white Shaker or wooden flat-panel cabinets? Buy home upgrades new construction new home builder

Could New Construction Help Level Out the Market?

RIS Media

If you’ve spent any time watching the real estate market this year or working in the field, you know we’re navigating one of the hottest seller’s markets on the books, and new construction has been an ongoing challenge. The post Could New Construction Help Level Out the Market?

Home Buyers’ Preferences Shift Towards New Construction

Eye on Housing

In other words, all else equal, their first preference would be to purchase a new home. Looking at historical data shows a clear shift in preferences towards new construction in 2020.

Buying New Construction for the First Time? Here Are the Dos and Don’ts You’ll Need to Know Before Jumping In

HomeLight

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. We’re going to equip you with the top dos and don’ts of buying new construction.

Buying New Construction? How Rising Mortgage Rates Can Add Thousands to Your Loan

Realtor.com

You’ve decided to buy a new-construction home in a pretty, woodsy development, complete with that never-been-lived-in smell. The rate a lender offers you is good for only a certain period of time—and we all know construction delays are not exactly rare.

High Prices Continue to Reduce Interest for New Construction

Eyes on Housing

The onset of COVID-19 propelled that share up to 42% by the final quarter of 2020, but strong gains in new home prices have driven it down for the last three quarters, reaching 32% in the third quarter of 2021.

Buying a New Construction Home

American Lifestyle

The post Buying a New Construction Home appeared first on American Lifestyle Magazine. Buying & Selling Finance Financial Advice Home Advice Home Buying Home Loan Real Estate Real Estate Agent Refinancing

Paris Square New Construction Final Phase To Offer 46 Luxury Condos In Northvale, New Jersey

Coldwell Banker

The post Paris Square New Construction Final Phase To Offer 46 Luxury Condos In Northvale, New Jersey appeared first on Coldwell Banker Blue Matter. Press Release Uncategorized Active Adult Bergen County New Construction new jersey Northvale

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?

Buy an Existing Home or New Construction: 5 Things to Know

Louisville Homes

You have a couple of options, namely, buy an existing home or new construction. The other option is to go the new construction route. Next is buying the materials and beginning construction. The need for eco-friendly construction cannot be overstated.

21 Questions to Ask a Home Builder When Buying New Construction

Maximum Exposure Real Estate

The possibility of owning a brand new home has obvious appeal. Many new home buyers can get the home customized, making the property even more desirable. Additionally, with a new home, you don’t have to worry about all the […].

15 New Construction Home Buying Tips: How To Buy a New House

Maximum Exposure Real Estate

What to Know About Buying New Construction Homes Are you thinking about buying new construction? The idea of buying a brand new house is appealing to many homebuyers. However, buying a newly constructed home isn’t the same as […].

Sales of New-Construction Homes Rebound to Pre-Coronavirus Levels, Rising 10% in July

Redfin

A surge in homebuilding before the pandemic is now driving growth in new-home sales. Meanwhile, the supply of new-construction homes for sale slid 28.4%, representing the largest drop since at least 2013, when Redfin began recording this data.

New Construction and Developments Heat Up in South Florida

Coldwell Banker

The post New Construction and Developments Heat Up in South Florida appeared first on Coldwell Banker Blue Matter.

More Buyers Are Specifically Looking for New Construction

Eye on Housing

A year earlier, in the first quarter of 2020, only 24% of buyers reported a preference for new homes, while 40% were looking. A recent post revealed that 16% of adults are planning a home purchase in the next 12 months.

New-Construction Home Listings Drop 4% in August, Reversing Course From July’s Rebound

Redfin

The new-homes market is recovering—with sales on the rise—but hurdles including a lumber shortage are still hampering builders. New listings of newly-built homes dropped 4.1% Meanwhile, new listings of existing homes grew 5.2%. There’s plenty of demand for new homes, but builders are facing a unique and costly set of hurdles as they attempt to satisfy that demand,” said Redfin chief economist Daryl Fairweather.

How New Construction Homes Are Helping Ease the Housing Shortage

Homes.com

As low-interest rates and high demand plague a housing shortage for first-time homebuyers, the one thing changing the game is the increased popularity of new construction homes. The post How New Construction Homes Are Helping Ease the Housing Shortage appeared first on Homes.com.

What is Covered Under a Builder Warranty in New Construction Homes?

Realty Biz

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.

How to Find the Right Builder and Grow Your Business with New Construction

HomeLight

The latest signs say we’re due for a surge in new construction as governments big and small look to balance the nation’s housing supply. This week on The Walkthrough , agent Danielle Seifert says now’s the time to consider making new construction a priority in your real estate business. Reviews help new listeners understand what to expect before they start listening to the show. Five new ways to grow your business. New construction.

New Construction Homes Rise to All-Time High, The Housing Market Has Doubled in the Last Decade, and More Appraisal News

McKissock

The share of new construction homes on the market rises to a record high. One-third of houses for sale are new construction, an all-time high. single-family homes for sale in December were new construction, up from 25.4%

Looking for New Construction? Here’s What to Keep in Mind

American Lifestyle

The post Looking for New Construction? Buying & Selling Closing Construction Finance Tips Home Advice Home Building Home Buying Home Selling Housing Market Mortgage Real Estate Real Estate Agent Real Estate Tips Refinancing Second Home Selling

Canadian Existing Home Prices Are Rising Twice As Fast As New Construction

Better Dwelling

Both new and existing home prices increased very quickly. However, existing home prices grew at twice the rate of new homes. The post Canadian Existing Home Prices Are Rising Twice As Fast As New Construction appeared first on Better Dwelling.

The Most Luxurious New Construction Condo Developments in the U.S. Right Now

Realty Biz

Residential construction in the U.S. Despite declines in both affordability and availability, however, the luxury new construction condo market across the country features more than a few intriguing options, starting with these high-profile developments: 1000M – Chicago, IL.