Homebuyers in today’s real estate market may have fewer properties to choose from than they have in the past, but they do have two important choices— existing home or new construction. Existing, as you may have guessed, are lived-in homes while new construction offers the option to be the first owner, occupant and at times, choose your own fixtures and features.
New construction homes are growing increasingly more appealing to buyers in Washington DC, Bethesda, Chevy Chase, and Northern Virginia, but many do not know the first place to start. As your local real estate experts in the DC Metro, The Estridge Group is sharing three things to keep in mind if you’re considering a brand-new home this year:
New construction homes are not always listed
Finding homes for sale in Washington DC, Maryland, and Virginia can be done easily online, but know that new construction properties are not always listed in the MLS. If you are interested in a new home, it is best to work with your real estate agent to gather all possible options that may not be present via a home search.
Builders do not have an attachment to the properties
A home seller in an existing property often has lived there for many years and has dozens of memories tied to the place. As a result, you may find that the home price is too high or other questions or issues come up when working with the owner, simply because they are not ready to let it go or are having a hard time doing so.
With new construction homes, there is no emotional attachment to the property. In fact, your financial situation and negotiations on behalf of your agent are all that the builder (or sales rep) will focus on when selling.
Discounts may be available
Your real estate agent will know how—and if— you can negotiate discounts when purchasing a new construction home in Washington DC, Bethesda, Chevy Chase, NoVa and beyond. For instance, discounts may be available to buyers that get into contract early on in the sales process or at the end, when upgrade packages can be worked into the deal.
If you’re interested in buying a new construction home this year, The Estridge Group is on your side! We will work on your behalf, with your best interests in mind— unlike buyers who work directly with a builder. Contact us today for more information on available properties and the current real estate market.