Hellow guys, Welcome to my website, and you are watching Buying New Construction: What You Need To Know. and this vIdeo is uploaded by Win The House You Love at 2020-10-26T15:28:47-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Buying New Construction: What You Need To Know |
| Video Uploader | Video From Win The House You Love |
| Upload Date | This Video Uploaded At 26-10-2020 22:28:47 |
| Video Discription | We're going to cover all that you need to know if you're looking at buying a new construction home! GET A LOAN OFFICER REFERRAL ANYWHERE IN THE US: ✅ https://winthehouseyoulove.com/lender STUDENT LOAN SAVINGS CALCULATOR ✅ https://www.myloansense.com/win-the-house-you-love/ FREEBIES ✅ Max Purchase Price Calculator: https://winthehouseyoulove.com/max-mortgage-payment-download ✅ Listen To The Podcast: https://plinkhq.com/i/1493715474 AFFILIATES ✅ Online real estate school with 30% discount: https://trk.realestateexpress.com/?a=14740&c=158&p=r&s1 ✅ The recording gear I use: https://www.amazon.com/shop/winthehouseyoulove 0:00 What you'll learn 0:28 New vs Existing 2:09 CalmMoment 3:07 Representation 5:20 Customization 8:12 Deposit 9:59 Financing 13:08 Sponsor 14:18 General Contractor 15:16 Tax Assessment 17:04 Expectations 17:47 Real buyer's experience Hey, Kyle here with winthehouseyoulove.com today. We're talking about the ins and outs of purchasing a new construction home. So you're going to learn three things in this video. Number one, we're going to talk through the process. So what's the order of everything that's going to happen. Number two, we're going to talk about the numbers. So what kind of down payment, earnest money, and rate are you going to expect in new construction? And then finally, we're going to talk about incentives of purchasing with new construction over an existing home. So let's go ahead and dive into this. We first need to talk about the difference between new and existing and specifically what we're talking about here in this video is we're talking about a home with a builder who already has a home built. It's a prefabrication and normally what you do is you go, you talk to them and you customize the home and then they build it and then you buy it. Okay. This is not for custom built homes. Okay. So, what do you need to first consider is looking around and exploring if building a home might be a very similar price to purchasing, especially in this market when home values are continuing to grow and grow building might actually be very similar. I have a video that I'm going to link at the end with Scott Smith, sharing his experience of purchasing a new construction home. And he actually talks about how building was actually the same cost as purchasing a home for the exact same specs that they were looking for in their area. So consider as an option building might not be as far out as you expect, especially if you're not going with a custom build routes. Okay. Now, what you also want to do, is you want to talk to an agent about how a build might have a resale value. Okay. And this is all going to depend on your market. It's impossible to say as a blanket statement, all builds are better than existing homes or all existing homes are better than builds in terms of the resale value. It's just not a fair comparison to do that. So talk with a real estate agency, see if that market is expanding and growing to make sure that if you purchase a new home, and you're going to be in there for a couple of years that you'll see that value come back. All right. So before we dive into the next one, what I want to do is jump into a quick CalmMoment. And the reason why is because if you're looking at a new build, you're probably feeling the pressure of the really low inventory happening right now. We are in a crazy sellers market nationally. And this is where sellers have the control, home prices are continuing to increase and there aren't a lot of houses available. So if you're putting in offers, you're probably seeing multiple offer situations, you might be getting beat out by other buyers. And if so, I don't want you to look at construction or new construction just as this last ditch effort to try to get the ball rolling. --- Legal --- As an Amazon Associate, I earn a commission from qualifying purchases. *Advertisement from Credible Operations, Inc. NMLS 1681276, not available in all states. Visit https://www.credible.com/a/state-licenses for important information about Credible’s licenses. Credible pays Win The House You Love an advertising fee when you submit a pre-qualification request. Kyle Seagraves NMLS# 1701021 Motto Mortgage Alliance 8900 N. Dixie Dr. Dayton, OH 45414 Equal Housing Opportunity |
| Category | Entertainment |
| Tags | win the house you love | kyle seagraves | new construction | new construction homes | new home construction | new construction home | new home construction process | buying new construction home process | new home |
