Those who are looking to purchase resale homes may or may not realize that, for nearly the same price, new construction could also be a viable option. However, there are five things that you need to consider before proceeding with a new construction purchase.
Feel free to follow our discussion in the video above, or else use the timestamps below to navigate the topic at your leisure:
0:23—No. 1: Who represents you? The importance of finding good agent representation
2:37—No. 2: Base price versus actual price, and the dangers of false expectations
5:35—No. 3: Closing costs for new construction are typically higher than resale closing costs
7:50—No. 4: What incentives does the builder provide to the buyer?
9:40—No. 5: Navigating the complexities of the new construction process
11:49—Things to check up on before the end of the building process
As a professional agent, I highly recommend that you consider these five points before undergoing a purchase. New construction is great—you can build a beautiful home that you couldn’t find in the market, and there are so many great builders out there to work with. But ultimately, buying new construction is a different process from buying resale and you need to be aware of it.
If you have any questions about purchasing new construction, don’t hesitate to reach out to us. We’d be glad to help you.