homebuying: 10 Things You Can't Forget When Buying A New Construction Home
- 12/03/17 12:55 PM
Hiring a licensed home inspector to evaluate the home during construction milestones such as foundation, pre-drywall, and pre-settlement. Many people feel that new homes are free from defects, but being exposed to the elements, human error, and faulty parts can cause deficiencies not otherwise exposed without the use of an inspector. Asking for the warranty manual that covers your home and researching what your coverage entails on all components that comprise the home. This diligent research will ensure you are clear on what is covered and for how long. It may also serve as a reminder to purchase your own home … (4 comments)
homebuying: Housing Inventory Shortage. Why and What To Do.
- 12/03/17 08:49 AM
If you’ve been house hunting in 2017 then you are well aware of the housing inventory shortage Northern Virginia is facing. The low supply has continued to push prices up and create scenarios of multiple offers throughout NOVA.
So why is inventory so low?
1 Low Inventory – Wait, what? Sellers know there is currently a low supply of listed homes and are hesitant to join the pool of buyers searching for a new home. 2 Mortgage Rates – Many current homeowners have the luxury of historically low interest rates. So the question becomes why give up a rate of 3.5% for an increase to … (4 comments)
Hiring a licensed home inspector to evaluate the home during construction milestones such as foundation, pre-drywall, and pre-settlement. Many people feel that new homes are free from defects, but being exposed to the elements, human error, and faulty parts can cause deficiencies not otherwise exposed without the use of an inspector. Asking for the warranty manual that covers your home and researching what your coverage entails on all components that comprise the home. This diligent research will ensure you are clear on what is covered and for how long. It may also serve as a reminder to purchase your own home … (4 comments)
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