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Why a Newly Built Home Might Be Your Ideal Choice

Are you delaying your home-selling plans due to concerns about finding the perfect home for your move? If so, it might be time to seriously consider the advantages of opting for a newly constructed home. Here's why, and particularly why exploring the Nexton community, one of South Carolina's fastest-growing and largest new home developments, could be a game-changer. Notably, Chad and Ladd, experts in selling new construction, can guide you through this exciting journey.

Unprecedented Percentage of New Home Inventory
Newly built homes have become a significant segment of today's housing inventory. The National Association of Home Builders (NAHB) reports that in November, newly built homes available for sale constituted 31% of the total homes on the market, a stark contrast to the historical average of approximately 12%. This surge in new home availability provides buyers with over twice as many options than usual, and the trend is expected to continue.

Recent data from the Census Bureau indicates a rise in both housing starts (initiation of new home construction) and housing completions (homes where construction has recently concluded). Contrary to concerns about an oversaturation of the market, Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), emphasizes that additional home construction is necessary to address the persisting housing shortage in most markets.

How This Benefits You
Given the current scarcity of existing homes for sale, the increase in new-home construction can be a game-changer, offering you a broader range of choices in your home search. Imagine settling into a home built from the ground up – with new appliances, fresh paint, and minimal maintenance requirements, creating an appealing prospect.

Moreover, making your dream home a reality may be more achievable than ever. Some builders are currently offering incentives such as mortgage rate buy-downs for homebuyers, mitigating affordability challenges while enabling you to secure your ideal home. Patrick Duffy, Senior Real Estate Economist at U.S. News, highlights that builders are increasingly providing rate buydowns for the entire loan duration, allowing buyers to finance more home without increasing their payment amounts.

It's crucial to note that purchasing from a builder involves a distinct process compared to buying from an individual home seller. To navigate this journey seamlessly, partnering with a trusted local real estate agent is essential. They will serve as your go-to resource, facilitating communication with the builder, reviewing contracts, and more.

In Conclusion
If you're eager to sell and move but struggling to find a suitable home, let's connect. Having a local expert, especially one familiar with the burgeoning Nexton community, can help you explore all your options, including the abundance of newly built homes in our area. Click HERE to find the latest homes available in Nexton!