The Biggest Opportunity You’re Missing in the Housing Market
Spring is here, and if you’ve been thinking about buying a home, now is the time to expand your options and take advantage of some great opportunities in today’s market.
Most buyers don’t realize this, but brand-new homes now make up nearly a third (30%) of all available inventory; the highest share in years. Builders are incentivized to move this inventory and are offering price reductions, closing cost assistance, and better financing options, which could be a game-changer for you.
Why New Construction Might Be Your Smartest Move
New homes often get overlooked, but they currently offer unique advantages that resale homes can’t match:
1. Unmatched Selection and Leverage
With more new homes available than we’ve seen in years, you have better options and greater negotiating power. When you have more choices, you have more leverage.
2. Move-in Ready & Low Maintenance
Everything is brand new, which means you typically won’t have to worry about costly immediate repairs like replacing an HVAC system, roof, or water heater. This equates to lower upkeep costs and more peace of mind.
3. Direct Builder Incentives
This is the key differentiator right now. Many builders are offering powerful financial incentives to close deals, including:
- Mortgage Rate Buy-Downs: Temporarily or permanently lowering your interest rate.
- Closing Cost Assistance: Directly saving you thousands on your purchase.
- Price Reductions: Negotiated lower sticker prices on the home itself.
4. More Affordable Than You Think
The assumption is that new means expensive, but that’s changing. Over 40% of new homes sold this year were priced under $400K, making them accessible to a much broader range of buyers than ever before.
Are There Downsides to New Construction?
Of course, new construction isn’t for everyone. Some buyers prefer the character of older homes, fully developed neighborhoods with mature landscaping, or historic architecture.
However, for those looking for modern, open designs, energy efficiency, and drastically less upkeep in the coming years, new construction is an option you absolutely must consider.
Why Act on New Construction Now?
These incentives won’t last forever. Builders are offering deals right now to sell their inventory quickly, but as the spring and summer markets heat up and demand increases, those deals may disappear or be reduced.
Furthermore, new construction can take time. If you’re considering a home that hasn’t started yet or waiting for a specific finish package, planning ahead is crucial.
If you’re looking for a home this year, you don’t want to eliminate 1 in 3 available homes just because you haven’t considered new construction. Let’s explore this opportunity together!