Take Advantage of the New Market

This slideshow requires JavaScript.

In the past year and for 2013 the Real Estate market has given to consumers the best buying opportunities for a new construction home in a decade. Builders have been slow to recover the Real Estate crisis and their rate of building was in decline until last year, this decreasing supply will eventually cause prices to go up. When the market rebounds, and it already showed us in Miami and Broward County that demand likely will outpace supply, prices will be driven up so the time to buy is now.

Many buyers have since 2011 decided that now was the right time to buy real estate but an often overlooked consideration is whether to buy a new or an existing home.

At first look short sales or REO (Real Estate bank Owned) may seem to be where the best deals are. But new homes can actually provide the better value and a higher percentage of prices increase in a near future. A low inventory and a shortage of property updated to new standards have directed many outside of the state or International buyers toward project newly built or in first phase of development.

Second home or investors should consider new construction?

Tenants love being the first people to live in a new property and will often pay a premium. A higher rent price can be achieved and to my experience a shorter time to find a prospect versus an older building or house.

Peace of Mind

“Bargains” come with issues that need to be addressed and paid for, which can be daunting when you live thousands of miles away. New homes comes with a warranty and anything gets fixed in the 1st year.

Competitive Prices

Builders need to sale as fast they can to move to new projects. They use the prices on resales to adjust the value of their units. Even if they can get a premium for their product it can’t be too much or they won’t sell and then will have the burden of the carrying cost added to their building price.

Easy Finance

It is much much easier for an investor (especially a foreign national) to get a US mortgage on new construction than to get one on a resale. Most of the time the builders have already worked finances that will put them readily accessible to buyers with descent deposit of good credit score.

We need each other

Never buy directly from the builder. Their sales rep do not represent you. They are the agent of the builder. Their job is to sell you that house and what  you need is a good professional on your side to obtain either a better price or additional options that you never though you could get .

Remember that we are paid by the seller so you will have a free professional representation and will benefit of the experience of someone knowing the local market .

What you can expect when buying a new construction condo:

Casa Costa 1 Casa Costa 2 Casa Costa 3 Casa Costa 4 Casa Costa 5 Casa Costa 6 Casa Costa 7 Casa Costa 8 Casa Costa 9

Echo 1 Echo 2 Echo 3 Echo 4 Echo 5 Echo 6 Echo 7 Echo 8 Echo 9 Echo 10 Echo 11 Echo 12 Echo 13

3 thoughts on “Take Advantage of the New Market

  1. It’s a pity you don’t have a donate button! I’d definitely
    donate to this outstanding blog! I guess for now i’ll settle for book-marking and adding your RSS feed to my Google account.
    I look forward to brand new updates and will share this website with my Facebook group.
    Chat soon!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s