Many home buyers who seek out new homes, don't realize when they walk into a builders model without a Realtor looking out for their best interests, they are no longer represented. When you contact an experienced Realtor prior to looking for a new home, not only does the builder recognize you have a representative, but they pay for it. It is completely free to you. Another fact many homebuyers do not know is the price of a home with buyer representation and one without represntation is exactly the same!
An experienced Realtor can negotiate on your behalf, provide you with valuable information on the best approach to buying a new home, can help with inspections, and when it is time to move in, they have access to lots of discounts for items and services you will need. My clients also recieve use of one of my moving vans for free, anytime they need it, even if it is a year or two after they bought their home.
The housing crisis may have put a damper on esisting home sales, but new home builders have found a way to compete in a very big way. And the homebuyers pockets are feeling all of the benefits!
Many of my clients who compare existing home sale with new home consrtuction are finding that it costs less to buy new than it does to buy existing. Recently, some builders have become very agressive in the offers they provide to home buyers in order to attract the business and keep their companies profitable. They are not only doing this by offering low prices, but also financing that is more attractive than most banks are offering.
The larger builders like Lennar Homes have their own financing companies and their own money to loan. Recently Lennar Homes in the Waldorf, MD community of Glen Eagles, a subdivision of Fairway Village has been offering interest rates of 4%, all closing costs paid and free finished rec rooms as part of their incentive package. With prices starting from the high $200s for a single family home it makes more sense to buy than it does to rent. in fact, rental prices for comparable homes are higher than the average martgage payment, which also makes for a great investment property.
Another noteworthy builder-offer in the area is Berkshire Homes, now building in the Villages of Steeplechase in La Plata. Berkshire is offering No money down, all closing paid and monthly mortgage rates starting at $1371 per month for a 2 bedroom, 2-level town home. You definetly cannot get into a rental home at this price. Along with a community center, swimming pool, fitness center and nature trails, buying a new home in Steeple Chase is a no brainer for the homebuyer or renter who has little or no money to buy/rent.
It should also be noted these builders are Realtor-friendly, and allow Realtor representation at no cost the the homebuyer. Fore more information on area builders, or to schedule an appointment with a builder, please call me at 301-870-1717 x106.
If you are interested in viewing homes for sale in the Southern Maryland Real Estate area visit Charles County Real Estate, or call DeHanas Real Estate Services at 301-870-1717.
