With such low-interest rates on mortgages, it’s no wonder why people are rushing to secure a home right now. Combined with the extremely low inventory on the market right now, we’re seeing something of a traffic jam in real estate.
The problem is perpetuated by the fact that in order to sell their homes, people need to secure their next homes and since most people are encountering a great deal of competition in the market, many potential sellers are holding back.
Hunting for a home can get frustrating in the current environment, especially when you’re bidding over the asking price and still losing.
Thankfully, there’s an alternative! New home builds are an excellent solution if you’re feeling stuck in “Buyer’s Limbo.”
Whether you go with the custom build or keep it simple with prefabricated, you can be sure that at the end of the deal, you’ll have a home rather than sitting around watching the phone and wondering whether you lost another bid.
Here the top 3 reasons why a new home build might be right for you:
- Cut Out Competition: Dealing with a builder is much more straightforward than bidding on a new home, and it takes the bidding element out of the picture entirely. New home builds are the answer for those looking for simplicity and a low-stress alternative in real estate.
- Peace of Mind: It can take anywhere between 3 to 9 months for a new home-build to be ready, but that is comparable to a house-hunt these days. However, there’s a guaranteed house at the end of the process, so you can proceed with the calm certainty that comes from knowing you’ll be in a new home soon.
- Incentives: New builds can turn out to be better deals based on credits offered as incentives. If you go with the builder’s lender and title company, most builders offer their buyers credit or have some guarantee for buying their homes. Right now, they want to do everything they can to incentivize buyers to choose them, making it an excellent time to take advantage of their builds.
Want to learn more about the advantages of purchasing a newly-built home? The best thing you can do to help your odds is to get a highly-experienced realtor on your team. Call me today at 301.208.2288, or email judymartinsells(at)gmail(dotted)com.