December 8, 2023

Dispelling Selling Myths: A Guide for Sellers

If you’re considering selling your house, you may have heard that the supply of homes for sale is currently low, making it crucial for your property to stand out to potential buyers seeking more options. But what happens once you sell? How does the current supply impact your move, and can you find a new home in a market with such limited inventory?

Exploring Your Options: Newly Built vs. Existing Homes

To aid your search for the perfect home, it’s essential to consider all your options, whether it’s a newly constructed property or an existing one. Let’s delve into the advantages of each:

Pros of Newly Built Homes:

1. Tailor-Made Perfection: Building from scratch allows you to choose custom features, including appliances, finishes, landscaping, layout, and more, creating your dream home.
2. Energy Efficiency: Opt for energy-efficient options during construction to lower utility costs and reduce your carbon footprint.
3. Minimal Repairs: Builders often offer warranties, providing peace of mind and reducing the need for immediate repairs.
4. Everything’s Brand New: Enjoy the perk of having everything in the house brand new and uniquely yours from day one.

Pros of Existing Homes:

1. Diverse Styles and Floorplans: With decades of homes to choose from, explore a wide variety of floorplans and designs.
2. Established Neighborhoods: Join a community with known characteristics, traffic patterns, and a feel for the neighborhood before making a commitment.
3. Mature Landscaping: Benefit from more developed landscaping and trees for added privacy and curb appeal.
4. Charming Character: Appreciate the timeless craftsmanship and design elements unique to older homes.

Your Decision Matters:

Ultimately, the choice between a newly built and an existing home depends on your priorities. As highlighted in an article from The Mortgage Reports:

“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.”

Working with a Local Mortgage Agent:

No matter your decision, collaborating with a local mortgage expert is crucial. We will guide you through the process, helping you explore options based on your preferences and finding the home that suits you best.

Making Your Next Move with Confidence

If you have questions about the available options in our area, let’s discuss what’s right for you. By understanding the market, you’ll be well-prepared to make your next move with confidence.