If you’re shopping for a home right now, there may not be a better time to consider purchasing New Construction.
But don’t do it without representation (more on that later). In addition to some very valuable incentives from builders and contractors, like upgraded appliances, flooring, windows and smart-home features, several companies are offering what is possibly the holy grail of incentives, builder-funded mortgage rate buy-downs. Unlike other enticements that will save you money up front, a lower mortgage rate can save you money every single month for years! Regarding representation, in the case of New Construction, you must have your agent with you the FIRST TIME YOU VISIT a building site in order to ensure that you are represented. Without representation, builders are not obligated to, and indeed may not, inform you of incentives such as upgrades and mortgage rate buy-downs.
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