Although I’ve seen a definitive market shift at certain price points, it’s still considered a “Seller’s Market” because the real estate inventory is lower than the past trends. So, many home buyers are finding it more challenging to choose a home that is available on the market. What should you do if you are having a hard time finding your dream home?
It might feel discouraging, which is why some people think that the only option is to build a home to match their preferences. But, instead of undertaking the stress of building a home, why not look for new construction homes that are ready to buy? Here are a few things that you need to consider if you are going to buy a newly constructed home:
THE MLS MIGHT NOT SHOW NEW PROPERTIES
It is possible that the homebuilder doesn’t have the property listed with a local real estate agent. As a result, you probably can’t find a listing on the MLS. If you are searching for a home by yourself, then it is hard to find the right property since you are limited to the search tools that are available to the public.
On the other hand, an experienced real estate agent often has industry connections. As a result, your real estate agent might know homebuilders in the area or other places you can look to find homes that aren’t showing on the MLS.
ELIMINATE EMOTIONAL BARRIERS OF SELLING A HOME
When you are buying a home from a regular seller, they have many years of history inthe property. Not only did they celebrate holidays and raise their children in the home, but there are personal attachments to the décor and features. These emotional ties might make it harder to find a fair price. Or, the seller could choose another buyer regardless of the financial offers that are received.
In comparison, a new home builder is just looking at the numbers. They don’t have the sentiment tied to the sale of the home. So, you might have a little more room to negotiate the details of the deal.
REQUESTING UPGRADES FOR YOUR PROPERTY
If you are buying a home that is still under construction, then you might be able to request specific upgrades or features for the property. The best solution is to ensure that you have a great real estate agent who can help with the negotiations on the deal.
It doesn’t matter if you are buying an older home or a new build, it is essential that you lean on the experience of a leading real estate team in the area. Contact one of our experts at the Walker+Hailey Team at Realty ONE Group Music City at (888) 950-LIST or 950List.com.