Why Newly Built Homes Could Be a Game Changer for Homebuyers This Spring

Are you in the market to buy a home this spring? If so, you're likely facing challenges related to affordability and a limited inventory of homes for sale. However, there's a potential solution that could address both issues: considering newly built homes. 

New Home Construction Offers Inventory Solutions

When searching for a home, you typically have two choices: existing homes (previously owned and already built) or newly constructed homes. While the supply of existing homes has seen some increase this year, it's still lower than in previous years.

Turning to newly built homes can significantly expand your options. Danielle Hale, Chief Economist at Realtor.com, notes that the shortage of existing homes has made new-home construction a viable choice for more buyers. This means you have a broader selection to choose from, including move-in ready homes or the opportunity to customize during construction. 

Builders Are Offering Incentives

Builders are also offering incentives to make new homes more affordable. These incentives can include mortgage rate buy-downs and other perks. Mark Fleming, Chief Economist at First American, explains that builders have more flexibility in offering incentives compared to typical homeowners. This flexibility is due to builders' desire to sell homes quickly and efficiently.

According to HousingWire, the use of sales incentives by builders is on the rise, showing that there's momentum in making new homes more attractive to buyers. 

Partnering with a Real Estate Agent

Buying from a builder differs from buying from an individual seller, so it's crucial to work with a local real estate agent. Your agent will serve as your advocate throughout the process, offering guidance on construction quality, negotiating contracts, and helping you navigate customization options. 

In Conclusion

Considering newly built homes can open up a world of possibilities for homebuyers this spring. From a wider inventory selection to affordability incentives, these homes offer distinct advantages. Partnering with an experienced real estate agent can further enhance your homebuying journey. 

Are you ready to explore newly built homes as your next housing solution? Contact us today to learn more and find your dream home this spring!

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