Exploring Newly Built Homes with Newport Beach's Top Realtor
Considering where to live and the type of home to buy? Including newly built homes in your search can offer significant advantages, especially with the current tight inventory of existing homes.
1. Expanded Options with New Builds
Newly built homes, fresh from construction or still underway, contrast with previously owned homes. Today, they represent over 33% of the market, compared to just 13% from 1983 to 2019. This increase means more choices for you, addressing the overall housing shortage without overwhelming the market.
2. Affordability of New Construction
If you've dismissed new builds due to cost concerns, it's time to reconsider. The price gap between new and existing homes is narrowing, thanks to builders focusing on more affordable, smaller homes. Current trends even show builders offering incentives like price cuts and mortgage rate buy-downs, making new homes increasingly competitive.
Why Work with a Professional?
Buying a new home involves unique considerations, from understanding builder contracts to knowing local market trends. As your best realtor and listing agent in Newport Beach, I can guide you through these complexities, ensuring you make the most informed decision.
Bottom Line
Curious about new construction in our area or considering broadening your search? Let's connect and explore all your options together, ensuring you find the perfect fit for your next home.
