Monday, September 28, 2020 / by Tom Pileggi
Although most homes for sale are resales, one out of four homebuyers purchases a new home. Which is better: existing or new? The right answer, of course, is up to you. Both resales and new homes offer advantages. Existing homes are less expensive on average, and are generally closer to, and enjoy the warmth and surroundings of established neighbourhoods, often with mature landscaping.
New homes, on the other hand, offer innovative use of space, greater energy efficiency and choices of options and upgrades. Everything is new and modern.
Most people consider both new and existing homes before they decide to purchase. A new special insider report entitled "New Homes - 10 Tips to Save You Time and Money" has just been released which identifies 10 invaluable tips to save you time and money when purchasing a brand new home. Also revealed are little-known buyer advantages that most builders may not tell you.
The Homebuyers’ Guide to NEW HOMES
Read This BEFORE You Visit Your First Model Home!
When shopping for your home, you’ll discover that most homes on the market are resales. Yet, one out of four homebuyers purchases a new home. Both new homes and resales offer advantages. Before you make a decision, let’s . . . COMPARE THESE POINTS!
• Offer innovative use of space and style
• Greater energy efficiency
• A choice of options and upgrades
• Everything is new, and modern.
• On average they are less expensive
• Often they are in established neighbourhoods with mature landscaping
• Homes have already settled, eliminating possible problems that arise from this happening after the purchase of home
As you can see, there are advantages to both. Most people consider both new and existing homes before they decide to purchase. Should you be thinking about buying a new house, here are 3 out of the 10 that you should know about right now.
1. Get in Touch with Your Agent.
Before you visit your first model home, sit down with your agent and do your homework. You’ll want to be prepared so that you can determine a comfortable price range for your new home.
Determine a Comfortable Price Range
If you own a home, you’ll first need to know the net proceeds from its sale in order to determine how much cash you’ll have to work with. Don’t simply estimate this but carefully calculate every possible selling cost. If you’re a first time buyer, you’ll need to first qualify your income. Determine the size of your downpayment, then work out a monthly debt load so you can determine a comfortable price range.
2. Sellers’ Agents Versus Buyers’ Agents.
Here’s a good point to remember. The sales agent in the model home represents the builder, not you. They are known as sellers’ agents. As a buyer you can work with a buyers’ agent at no additional cost. It’s his/her business to best represent your needs by being knowledgeable about home construction, warranties, financing, differences in pricing, quality, even lot selection so that you get the best value for your money.
So here are 3 out of the 10 in an effort to draw attention to this very important topic. If you would like to see all 10, I have put together a free report entitled
”10 Tips To Save Your Time and Money" which explains the issues in greater detail.
To order a FREE Special Report, visit https://www.pileggirealestateteam.com or to hear a brief recorded message about how to order your FREE copy of this report call toll-free 1-844-707-8053 and enter 1007. You can call any time, 24 hours a day, 7 days a week. You can also text me at 416-917-6566
Receive your free special report NOW to find out what you need to know to make your move-up to a larger home worry-free and without complication.
Thank you for reading this week’s blog and Go Serve Big!!!
Tom Pileggi, Broker
Pileggi Real Estate Team
Your Home Sold Guaranteed or We’ll Buy It* - If you or anyone you know are considering making a move, feel free to give me a call or pass on my number!