RIS Media

APRIL 22, 2022

In this highly competitive housing market, the persistent low inventory of existing homes has led many buyers to look to new construction as an opportunity to customize a home to their needs, without having to beat other buyers to the closing table. The result has frustrated many new construction buyers.

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Realtor.com

JANUARY 2, 2023

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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McKissock

MAY 6, 2022

New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. Be careful as you choose comparable sales.

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Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Everywhere you look there seems to be bad news for the existing-home market — interest rates remain north of 7% and the median home price nears record levels at more than $410,000 as of June. Taken by Felix Mizioznikov.

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RIS Media

JULY 8, 2021

HomeTeam Inspection Service of Kentuckiana Owner Brad Lawler explains why potential buyers should never skip a home inspection, even when housing inventory is scarce. “Waiving an inspection can open a buyer up to unforeseen costs down the road that could have otherwise been avoided.” ” 2. .”

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Realtor.com

JUNE 24, 2021

Nicole and Pat, however, were able to buy their house for just over half that sum by choosing new construction. The Krouses’ new-construction home in South Austin, TX Nicole Krouse. We made an appointment with the development’s sales consultant, then went to see several model homes. It was great.

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Redfin

JUNE 13, 2022

Come prepared with a new construction walkthrough checklist and you’ll know exactly what to look for ahead of time. You might hear a new construction walkthrough called a “blue tape walkthrough.” Blue tape walkthroughs only apply to new construction homes. ” Why? Level tool.

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Redfin

OCTOBER 11, 2023

Whether you’re eyeing homes for sale in Reno’s picturesque neighborhoods or considering houses in Las Vegas’ bustling cityscape, a thorough Nevada home inspection needs to be on your homebuying to-do list. This crucial step can make all the difference in ensuring your new abode is a sound investment and a safe haven.

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Realty Biz

APRIL 12, 2023

Buying a new construction home involves a different process than buying an existing home, and some people wonder if they need a real estate agent at all to buy one. While you technically do not need a realtor to represent you when you buy a new construction home, there are a few reasons it would be in your best interest to do so.

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HomeLight

AUGUST 31, 2021

Don’t let the pristine facade or shiny appliances of a model home deceive you: buying new construction will be as complex as any old real estate transaction, if not more so. These are all areas where a knowledgeable buyer’s agent who’s got lots of new-build experience and local builder connections can be invaluable.

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Agents New Construction Purchase and sale agreement Construction 128

HomeLight

OCTOBER 29, 2021

If living in a brand new house with no footprint other than yours appeals to you, you might be thinking about a new build. New construction gives you the chance to move into a house that is exactly what you want because you get to choose everything, from the builder and lot, right down to the light fixtures and bathroom hardware!

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Redfin

MARCH 18, 2021

It’s easy to get caught up in the excitement of buying a home, but you’ll want to make sure you include a home inspection in your list of priorities to avoid any potential issues or unforeseen costs as you get further into the homebuying process. . A general home inspection is almost always recommended for anyone buying a home.

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Redfin

AUGUST 23, 2023

Among the crucial steps that potential homeowners must undertake, a comprehensive home inspection is one of the most important. Why should you get a home inspection in Ohio? Getting a home inspection in Ohio is essential for uncovering potential issues that might not be visible during a casual walkthrough.

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Inspection Due diligence Branding New Construction 59

Windemere Selling

FEBRUARY 26, 2020

A home inspection can be a useful tool for sellers looking to get the greatest possible value from their home. Finding Issues When you’re selling a house, a pre-sale inspection can be particularly useful. A pre-listing inspection can give you an edge as a seller, particularly in a competitive market.

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Redfin

OCTOBER 3, 2023

Within this vibrant market, the home inspection phase emerges as a pivotal step for both buyers and sellers alike. For buyers, a home inspection serves as a blueprint, revealing potential issues and guiding them towards informed investments. Why should you get a home inspection in North Carolina?

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HomeLight

JULY 13, 2022

Or, maybe the requirement came up during your home sale and you’re wondering what it is and why you need one. In this article, we explain what a certificate of occupancy is and when you might need one during your home sale. Sandro Perez , Building Inspection Superintendent in Pleasant Prairie, Wisconsin. Let’s get started.

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HomeLight

MAY 28, 2021

But there are protections in place that are designed to prevent the sale of a “lemon” house equivalent. Inspections. Home inspections are the best way for a buyer to prevent getting a “lemon” house. Basic home inspections don’t cover everything , though. Is there a lemon law for houses? Seller disclosures.

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McKissock

FEBRUARY 4, 2022

The share of new construction homes on the market rises to a record high. Read on for more appraisal news. One-third of houses for sale are new construction, an all-time high. single-family homes for sale in December were new construction, up from 25.4% Read the full report. 3 , or Mar.

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Windemere Selling

OCTOBER 17, 2018

For many people, a home inspection is a hurdle that has to be overcome during the process of buying or selling a home. Find out if the house you are selling has “issues” When you’re selling a house, a pre-sale inspection can be particularly useful. Getting an inspection is a smart, simple way to do just that.

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The Residential Specialist

FEBRUARY 27, 2024

New construction is always seen as much more expensive. So, I took it upon myself to learn more about it and found that a new build may be expensive up front, but when we look at the one-, five- or 20-year projections, and after considering the new technology and energy efficiencies that builders add, it isn’t actually more expensive.”

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HomeLight

SEPTEMBER 26, 2022

New construction might seem less expensive — but if, for example, it doesn’t include landscaping, and that’s something you have to do yourself after closing, that can be expensive. So is building an affordable dream home really doable? Let’s find out! It depends on your area and what’s included in the builder’s package.

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HomeLight

MARCH 16, 2022

Get an inspection to assess undetected damage to your Arlington home. It’s easy to understand why getting an inspection prior to a sale could be overlooked during the home selling process. It’s easy to understand why getting an inspection prior to a sale could be overlooked during the home selling process.

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The Residential Specialist

FEBRUARY 26, 2021

That’s one of the most compelling things about doing new construction: seeing the structure rise from nothing.”. The new construction market is surging, as marketing research firm Zonda reports that 90% of builders raised prices on new construction homes between September and October 2020. Make time to meet.

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Toronto Realty Blog

AUGUST 2, 2023

The note for the 2017 sale was longer and a bit mushier, as I disclosed that I had proposed to my wife in the condo, and that we brought our first child home to the condo, and that we wished the new buyers all the love and happiness in the world as they created new memories and experiences of their own in the condo.

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HomeLight

MARCH 13, 2023

Do you need to connect with cash home buyers in Austin for a fast sale? With so many people relocating to the Texas state capitol, there’s a need for housing – and there are plenty of cash home buyers in Austin to help sellers who need a quick sale. New construction surge contributing to competition for buyers.

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RIS Media

MAY 19, 2021

” What do they mean and how will they affect your home sale? Despite this, there can still be room to negotiate the conditions of the sale. Not all sales will have contingencies with them, but most will. Common real estate contingencies include the following: Inspection Contingencies. Home Sale Contingencies.

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HomeLight

JULY 6, 2023

Here are 5 common contingencies in real estate contracts: Inspection contingency A buyer and their lender understandably want a home inspection to make sure they’re not investing in a lemon. Buyers also can use the findings of an inspection to negotiate for repairs or credits. What other MLS statuses do agents use?

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HomeLight

APRIL 14, 2023

But both buyers and sellers are responsible for certain fees and closing costs in a home sale transaction, which we’ll break down in more detail in the next section. Buyers typically pay : 2%-4% of the home’s price (this may be less if it’s a cash sale). The exceptions are things like inspections and appraisals, which are paid upfront.”

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Marco Santarelli

MARCH 20, 2025

Limited inventory: When there are fewer homes for sale than buyers wanting to buy, demand increases, and homes sell faster. It will be interesting to see how the surge in for-sale inventory in DC plays out in the coming months, considering its large share of federal workers.

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Realtor.com

DECEMBER 8, 2022

Don’t assume a seller will fix every single needed repair found during an inspection. For instance, some buyers give up important contingencies, such as a home inspection , as a way to gain an edge in a bidding war. Buying a New-Construction Home: Pros and Cons All Homebuyers Should Know. Another reality check?

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BAM Media

MAY 28, 2024

Your buyer did WHAT in my seller’s new construction toilet that isn’t hooked up to plumbing yet??” This could have been a show-stopper, as this is a defect on a property’s deed, and it can kibosh a sale. I’m calling with an update on the sale of the house. Ever say one of these? Or deal with something like this?

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HomeLight

NOVEMBER 10, 2021

Unless they’re buying brand-new construction , buyers consider your home “used” and wonder how soon they’ll have to replace or repair something, such as a major appliance. You’ll better coordinate steps such as a pre-listing inspection and preliminary title report before your house hits the market (more on those below). “I

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HomeLight

FEBRUARY 28, 2021

Don’t skip the home inspection. Before you buy a house in Cary, you want to make sure to get a home inspection to help identify any potential problems. He says new homes typically are treated for termites and come with a one-year warranty against damage, but still recommends you enlist the aid of a home inspector for new construction.

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Inspection New Construction Construction Land 105

Realtor.com

MAY 19, 2021

Nearly all homeowners seriously thinking about putting their properties up for sale expect to sell their homes for a profit, according to a recent realtor.com® The severe shortage of homes for sale, coupled with record-low mortgage interest rates, which reduce monthly housing payments, have led to record home prices.

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Realtor.com

JANUARY 10, 2022

These towns and small cities tend to be a bit more affordable and offer more homes for sale as well as boast plenty of younger millennial residents, job opportunities, and places to go for dinner or a drink. Buyers willing to spend a bit more can score new construction, including this four-bedroom, 2.5-bath The Realtor.com®

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HomeLight

APRIL 13, 2023

of the sales price. Homebuyers typically order the home inspection soon after going under contract, and they pay the inspector upfront for the service, so it doesn’t appear on the closing document. of sale) – Typical buyer closing cost total $8,970* *Example estimate based on 2.3% of sale) – Title insurance (0.5%

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Closing costs Closing Title Inspection 103

McKissock

JANUARY 31, 2023

” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical. .” ” “That we research value, we do not assign it.”

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