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5 tips for buying a home in a seller’s housing market

Housing Wire

Get pre-approved before beginning your home search. A mortgage pre-approval is non-negotiable in this environment. When faced with multiple bids, pre-approved ones are typically stand-outs, indicating a buyer is prepared, ready to buy and a safe bet to follow through with the deal. The long and short of it?

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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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New Construction Buyers: Results from the Zillow Consumer Housing Trends Report 2023

Zillow Market Reports

In this report, we take a deeper look at new construction buyers — household decision makers that own their primary residence and moved to a new construction home they purchased in the past two years. Sampling & Weighting Results from this survey are nationally representative of new construction buyers.

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6 strategies to get more from your MLS searches

Housing Wire

Look for new construction, even if your buyers don’t think they will like it. Add one well-selected new home at the end of a search for resale homes just to take their temperature. Your home for my pre-approved, highly motivated buyer clients who are looking only in 12 Trees and need at least 3 bedrooms.

MLS 355
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Our 19-point house-hunting checklist for real estate agents & their clients

Housing Wire

Get pre-approved with a local lender. Yes, many buyers will hop online and get a generic pre-approval letter. Offers are more likely to be accepted when the buyer’s agent can assure the listing agent that the lender has successfully closed other deals with them before. Instead, draw a firm boundary with buyers.

Agents 379
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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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Buying New Construction for the First Time? Here Are the Dos and Don’ts You’ll Need to Know Before Jumping In

HomeLight

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. However, you want to arm yourself with the tools and insider information so you don’t get too carried away with the new build. The dos of buying new construction.