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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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Bad Deals Might Be Good for Business

BAM Media

Your buyer did WHAT in my seller’s new construction toilet that isn’t hooked up to plumbing yet??” Ever say one of these? What do you mean there’s an open conservation commission Order of Conditions on the deed from 1977 and we can’t close until it’s resolved, which could very likely mean we have to push out the closing date.”

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How Much Are Closing Costs in Michigan?

HomeLight

Title search fee $250 Property taxes (May need to pay back buyer) Varies Wire transfer fees $30 Outstanding amounts (utility bills, HOA fees) Varies Compliance fee (paid to seller’s brokerage) $375 Typical seller closing cost total (7%-8%) $15,176-$17,344 *Example estimate based on a $216,800 median-priced Michigan home.

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Your Guide to Buying a Home in the Sunshine State of Florida

HomeLight

As far as home styles go, new construction is trending toward a country style, says Raymer. While it is not always recommended to completely waive contingencies to impress a seller, you might consider pairing down to just the inspection contingency and financing contingency to remain competitive. Order a title search.

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11 Things to Do Before Listing Your Home That Are Worth the Effort

HomeLight

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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What Costs Are Involved in Selling My House?

HomeLight

Pre-listing inspection, if desired or needed: $279-$400. Typically, those discussions occur between the initial offer and the signing of the contract , after the inspection and/or after the appraisal. Some common seller concessions or buyer incentives include: Home inspection fees: $279-$400. Title insurance premiums: Varies.

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How Much Are Closing Costs in California?

HomeLight

Common seller concessions include home warranty, home inspection fees, repair credits, and insurance for earthquakes and other natural disasters. 1% of the loan amount Credit report $25 Home inspection Costs vary depending on house size, location, and additional services. 2,942-$5,884 (20% down payment) 0.5%-1% 602 (1,500 sq.