Are These Myths About Buying a Newly Built Home Holding You Back?

Thinking about buying a home but skipping over new builds? You might be holding onto outdated assumptions. Let’s clear the air:

Myth 1: New homes are more expensive
Not always true! Today, the median price of a newly built home is actually lower than an existing home.

Myth 2: Builders don’t negotiate
Think again. Many builders are offering incentives like rate buydowns and quick-move-in discounts.

Myth 3: They don’t build them like they used to
Quality depends more on the builder than the year. Always check reviews and ask your agent about their reputation.

Myth 4: You don’t need your own agent
The biggest myth. Having an agent ensures you have an advocate for your best interests when navigating builder contracts.

✅ Bottom line:

Don’t overlook new construction—it might just be the opportunity you’ve been waiting for.

Finding ways to make your credit score better could help you get a lower mortgage rate. When you’re ready to get the process started, let’s connect.

Jeremy Kilbourne

Jeremy is Arch Mortgage North’s Lead Loan Officer. Bringing experience, compassion and creativity to the mortgage lending process, Jeremy loves helping clients achieve their home ownership goals.

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Is It Better To Buy Now or Wait for Lower Mortgage Rates? Here’s the Tradeoff