Why a Newly Built Home Might Be the Move Right Now

Looking for a better price or lower mortgage rate? You might find both in a newly built home — and many buyers are missing out by not considering this option.

There Are More New Homes Available Now

Right now, about 1 in 5 homes for sale is new construction. That’s a big slice of the market, so if you’re not looking at new builds, you could be missing some great opportunities.

Builders Are Motivated — and Willing To Deal

With more new homes on the market, builders want to sell. That’s why many are:

• Cutting prices

• Offering special deals to attract buyers

In fact, nearly 40% of builders recently dropped their prices. That means you may be able to negotiate and get more house for your money.

✅ Pro tip: Ask your real estate agent about builder incentives in your area. You might be surprised at what's available!

You Could Get a Lower Mortgage Rate, Too

Here’s something not everyone knows:
Builders often offer lower mortgage rates than what you'd get on an existing home.

Many are using rate buydowns — meaning they help lower your interest rate to make buying more affordable. In fact, recent data shows that buyers of new homes have been getting rates up to 0.5% lower than buyers of resale homes.

That kind of savings can make a big difference in your monthly payment and your long-term budget.

Bottom Line

If you’re still searching for the right home, don’t skip over new construction. With more options, lower prices, and even better mortgage rates, a brand-new home could be your best move in today’s market.

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.