If you’re thinking about selling your house, you may have heard the supply of homes for sale is still low, and that means your house should stand out to buyers who are craving more options. But you may also be wondering, once you sell, how does the current supply impact your own move? And, will you be able to find a home you want to buy with inventory this low?
One thing that can help you find your next home is exploring all your options, including both homes that have been lived in before as well as newly built ones. Let’s look at the benefits of each one.
First, let’s look at the advantages of purchasing a newly constructed home. With a brand-new home, you’ll be able to:
Now, let’s compare that to the perks that come with buying an existing home. With a pre-existing home, you can:
The choice is yours. When you start your search for the perfect home, remember that you can go either route – you just need to decide which features and benefits are most important to you. As an article from The Mortgage Reports says:
“When building, you gain more freedom to tailor the design, materials, and features, but it demands more time and involvement. Conversely, buying an established home offers immediate occupancy . . . yet may require compromises. Your choice should align with your budget, timeline, customization preferences, and the local real estate landscape.”
Either way, working with a local real estate agent throughout the process is mission-critical to your success. They'll help you explore all of your options based on what matters most to you in your next home. Together, you can find the home that’s right for you.
If you have questions about the options in our area, let’s discuss what's available and what's right for you. That way you’ll be ready to make your next move with confidence.
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The Home Run Team, Ltd. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The Home Run Team, Ltd. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
If you're planning on buying a home, here are some tips to help you reduce your closing cost.
With mortgage rates trending down, today’s market is a sweet spot for buyers—and it’s one that may not last long.
Buying is starting to win out vs renting in many major U.S. Cities. Here's what you need to know.
If you're looking to list you house on the market and sell it quickly, here are 3 tips for you.
Is buying a home on your mind, but you're just not sure about the timing right now? Then here are 3 questions to ask yourself.
When it’s time to buy or sell a home, one of the most important decisions you’ll make is who you’ll work with as your agent.
When buying a home, it is important to understand the need for someone who is locally knowledgeable. Here's what to know.
Should you buy a home now or should you wait? That’s a question a lot of people have these days. Here’s something you’ll want to consider as you make your decision.
Almost 80% of first-time homebuyers qualify for down payment assistance, but only 13% actually use it. If you're hoping to buy a home, be in the 13%. Here's why.
We're here to help people live wealthier lives and enjoy more freedom by educating and guiding them through their lifelong real estate journey. Whether you're buying a home, looking to sell or relocate, or are an investor, we can help you. No agents will work harder for you, because to us, going to bat for you, isn't work. That's just what you do when you're a team.