Buying a home can be a stressful experience, and it can be even more so when you are working with a builder on a new construction project. Florida Realtors has put together the infographic below regarding items to think about before choosing a homebuilder. Based on my experience, utilizing a real estate professional for new construction can be even more important than when buying an existing home. The amount of interaction I have had with home builders to help give my clients (and the builders) peace of mind has been massive over the years.
Category: New Construction
Homebuilder confidence experienced its first decline this year in August, reflecting the challenges posed by a 7% mortgage rate and dwindling housing affordability. The recent report from the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) revealed a 6-point drop in builder confidence from July, resulting in a reading of 50.
Due to the limited supply of existing homes for sale, building is more attractive than ever (assuming you have time). Here are some things to think about when talking to your homebuilder.
Have you found yourself dreaming of your own piece of our planet lately? Whether you are looking to build a luxury retreat, or you just want a natural escape, the dream of owning a piece of land is an understandable one. But before you leap, it is important to remember that buying land is different from buying property with a structure already on it. Here are some things to keep in mind.
Purchasing a newly constructed home is more complicated than buying an existing home. Accordingly, it is often more important to hire a real estate agent with a new home purchase than it is with an existing home. That said, make sure that any agent you hire has experience with new construction, as builder contracts and the building process are different from what most real estate agents normally deal with.