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.
Stay up to date on the latest real estate trends.
Unless specified by your loan type or lender, it’s typically not required to put 20% down.
Even a small change in mortgage rates can have a big impact on your purchasing power.
With supply still so limited, anything that causes demand to go up will likely cause prices to go up, too.
If you wanted to move last year but were holding off hoping rates would fall, now may be the time to act.
Here are three tips to help you turn your dream into a reality.
Here are some valuable tips you can use to get your house market-ready.
They may better fit your budget and can help you start building equity.
The data shows that, as a whole, home prices rose in 2023.
Let’s connect if you’re ready to break up with your rental and buy a home.
You’ve got questions and we can’t wait to answer them.