27 Aug Holly Walther Lending Team: Fun Fact Friday – New Construction Considerations
Holly: Hey guys, happy Friday. It’s Holly, and little miss Daisy, my stand in this week. And we are here with this week’s fun fact Friday. So it’s no surprise that there’s a shortage of inventory. Now, as kids go back to school, we are starting to see a few more homes come to market, but there’s still an extreme shortage and not everybody can find exactly what they want. So that brings us to a new idea. Maybe you need to think about building or think new construction. That gives you the ability to customize the home you want. Now some of you may be in the position to do a construction perm loan. That’s a total different process. So what I’m really focusing on here is, when I’m talking building new, new construction, I’m talking about going out to a development where a builder is gonna carry the construction loan, and you’re going to write a contract and you’re going to close when that home is complete.
What are some great advantages in this market? Well, shortage of inventory. If you have patience and you don’t have to move tomorrow, new construction may be a great solution, because most communities are 6 to 12 months out on the bill time. You can do energy efficient improvements. It’s no surprise that technology is constantly changing. So when building new, you can get the latest and greatest. It also gives you the ability to customize your home, pick out your colors, your paint, your countertops, your cabinets. You can make it exactly what you want. Now. Of course, there’s a lot of details that we need to discuss, especially in a volatile market with things changing continuously. But that is why you need to give us a call. Call us, let’s talk through your personal options. Let’s get you connected to a wonderful real estate professional. And that’s it for this Friday. Have a great weekend.