Here’s what you need to consider when deciding whether to buy a resale or new construction home.
Are you better off buying a resale or new construction home? To answer this question, there are three factors you need to keep in mind: price, location, and condition. If you buy a new construction home, it will offer advantages in terms of location and condition. You may pay a higher price, but you’ll get exactly the type of home you want. If you buy a resale home, it will offer advantages for location and price, but there may be some things you don’t like about its condition. However, that can be easily remedied.
If you’d like to talk more about this subject or you have any other real estate questions, don’t hesitate to reach out to me. I’d love to help you.
If you’re on the fence about when to buy a home, know that there are three good reasons to purchase in the fall.
The fall market isn’t as hot as it is in the spring and summer, so why should you consider purchasing in the autumn? There are actually three good reasons to do so:
1. There’s less competition. There are so many buyers out in the spring market who are ready to make offers on homes. Since there are fewer in the fall, that means you’ll have fewer competing offers to try to outbid, if any at all.
Since there are fewer buyers in the fall, that means you’ll have fewer competing offers to try to outbid, if any at all.
2. Fall sellers are serious. If a seller chooses to list their home in the fall, there’s probably a reason behind it—they might be transferring to a job out of the area, they might have a home under construction somewhere else, or some other reason that makes the timing of their fall home sale important. Most of the sellers we know here in Omaha are motivated to sell their home before the snow begins to fall.
3. Interest rates are low. Traditionally, interest rates tend to dip down towards the end of the year, increasing in the spring when activity picks up.
If you have any questions about buying a home in the fall or need an agent to help you accomplish your real estate goals, reach out to us. Find out what’s different about NextHome Signature Real Estate.