Need a lower interest rate? Think about new construction!

Large home builders have something called economies of scale. They buy large quantities of land and construction materials in bulk which reduces the price at which they pay for these resources. Not only this, but they often times directly own the lender which allows them to sometimes: buy down the rates.

In a buyer's market, new construction sellers not only discount their inventory, but may offer these low rates as an incentive with low down payment options. Often times, resale homes cannot compete with these same incentives. These incentives are usually not for investors.

The best time to purchase new construction is at the end of the month or a fiscal year or quarter when these companies are trying to make their sales goals. Often times if they have inventory that has been sitting they will negotiate!

Want to start a meeting about purchasing new construction? Let's meet!