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New Year, New Home? 9 Myths About Buying a New-Construction House That Actually Aren’t True

Realtor.com

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.

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Mortgage rates might soar even higher

Housing Wire

We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. “We do not see new construction returning in a meaningful way any time soon. Our macro-outlook is that demand for housing will remain out of balance with supply for the mid to long term.

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Frequently Asked Questions about Buyers Agents in Real Estate

Realty Biz

Understanding the mortgage process, including prequalification and pre-approval, is also essential. Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure. It is essential to prepare for the mortgage pre-approval process.

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Ask Brian: Will 2022 be Another Tough Year for Home Buyers?

Realty Biz

But to start with, we all know that buyers should be pre-approved and have a solid list of features they can’t live without so they can be decisive and move quickly when they find the right home. This can open the possibility of buying new construction which is expected to focus mostly on houses larger than 2,000 square feet.

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Essential Real Estate Advice in 6 Steps

Louisville Homes

If you plan to get a loan, make sure that you get your pre-approval before you start looking. Even with new construction , it always pays for a buyer to have their own Realtor. One of the best pieces of essential real estate advice is to create your plan. A part of this plan is establishing your price range.

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Best Tips When Building a New House

Realty Biz

Understanding the Construction Process When embarking on the journey of building a new house, it is crucial to have a solid understanding of the construction process. Buying new construction can be exciting but quickly become a nightmare.

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Buy a House in Irvine, California: Plant Roots in America’s Happiest City

HomeLight

But if she had to choose a neighborhood specifically suited toward family life, she would suggest Great Park, where you can find all styles of living from single-family residential, luxury homes, or townhomes depending on your preference. Ameerally points out that buyers tend to gravitate toward new construction in the Great Park area.