Salvador Cortez at Absolute Mortgage Group Inc.
Salvador Cortez
Absolute Mortgage Group Inc.
Phone: (916) 668-0043
Email: [email protected]
NMLS# 1813194
Company NMLS# 1874315
Home
site.enter("0") onMouseLeave= className= > Loan Programs Home Purchase
Refinance
Forgivable Equity Builder Loan
Contractors
Mortgage Calculators
site.enter("1") onMouseLeave= className= > Resources Loan Programs
Loan Process
Mortgage Basics
Online Forms
FAQ
site.enter("2") onMouseLeave= className= > About Testimonials
Meet Our Team
Contact
Blog
site.enter("3") onMouseLeave= className= > Events Upcoming Events
Past Events
The 2nd CA Dream for All
Apply Now
If you're looking for a new home, you might want to give newly built homes a closer look. Contrary to popular belief, new homes aren't always pricier than existing ones. In fact, they can often be more budget-friendly, especially in today's market. Sounds surprising, right? But let's dive into why this is happening.
Believe it or not, the median sales price for newly built homes is currently lower than that of existing homes. This might seem counterintuitive, but it's backed by the latest data from the Census and the National Association of Realtors (NAR).
So, why are new homes more affordable? Builders are responding to what buyers want and need. Right now, there's a high demand for smaller, more affordable homes, so that's exactly what builders are putting on the market. Plus, more new homes are available now than in the past few years, and builders are eager to sell them off before starting new projects. This means they're pricing them competitively to attract buyers.
Another reason to consider a newly built home is the array of incentives builders offer. Since they need to move their current inventory, they're pulling out all the stops to make a deal. In fact, sales incentives have been on the rise, with 61% of builders offering deals in June, up from 59% in May.
These incentives can be pretty enticing. Builders might offer competitive mortgage rates, cover closing costs, or throw in free upgrades and features. All of these can add up to significant savings, making a brand-new home an even more attractive option.
Thinking about newly built homes could open up opportunities you hadn't considered before. With competitive prices and tempting incentives, a brand-new home might be the best option. Plus, new homes come with modern designs, updated technology, and better energy efficiency, saving you money on utilities and maintenance down the line.
Another big plus? Everything is new and under warranty, so you won't have to worry about the usual wear and tear of older homes. This peace of mind can be invaluable, reducing the risk of unexpected repair costs shortly after moving in.
Buying a home is a major decision, and exploring all your options is important. By considering newly built homes, you might find the perfect fit for your needs and budget. With lower median prices and attractive incentives, now is a great time to look into the benefits of a brand-new home.
So, why not give newly built homes a chance? Reach out to your local mortgage pro and see what home financing options are available. You might be pleasantly surprised at how affordable your dream home can be.
We've been helping customers afford the home of their dreams for many years and we love what we do... Company NMLS: 1874315 Personal NMLS: 1813194 NMLS Consumer Access
1942 Del Paso Road, Suite 130 Rm 103 Sacramento, CA 95834 Phone: (916) 668-0043 [email protected]
Legal
Privacy Policy
Accessibility Statement
Site Map
Loan Programs