Tasks for January 2015. #2, Locating and Previewing Local New Homes.
It's easy to understand your local new home market by how easy is it to locate new homes in inventory. A lack of inventory indicates a vigorous new home market. On the other hand a large selection of homes at various states of construction in inventory would indicate a slow market.
New home inventory may be either "spec" homes that the builder constructed inticipating selling that home to a qualified buyer. Agents who work with relocating buyer clients show these "spec" homes along with resales since the build-out and closing time is usually less than 60-90 days.
Or new home communities may have only to-be-built homes for sale. These homes give buyers the opportunity to make more selection of options available. You can come close to buying a custom home when you have the opportunity to select the;
home site (lot),
exterior style (elevation),
exterior materials (siding, brick, etc.),
interior flooring,
kitchen appliances (standard or upgrade),
master bath features,
deck (many builders do not offer decks)
and much more.
Working with an experienced buyer's agent benefits home buyers.
This is especially true if you are a first time home buyer. We buyer's agents with experience selling new home construction can help you make wise buying decisions. Through experience, we learn the positive and negative about lot selection, exterior finishes, kitchen selection, and more. The decision are yours to make but having an experienced agent on your side will help.
Most buyers agents are interested in helping you maximize the value of your new home investment. A new home that the original buyer loaded with costly features and upgrades may take many years before the owner can sell that home and not lose money. If the market for a community is $500,000, a home that the owner paid $500,000 for new, will cost that owner out of pocket to sell.
There are many considerations when buying new construction. Working with an experienced buyer's agent will help you for many years to come.
A builder who cares..
Courtesy, Lenn Harley, Homefinders.com, 800-711-7988. Serving home buyers in MD and Northern VA.
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