New Construction

Dated: 03/19/2015

Views: 403

For the last several years, home sellers had to compete with huge inventories of distressed properties (foreclosures and short sales). The great news is that the supply of these properties is falling like a rock in the vast majority of housing markets (only 11% of homes sold in January). Many homeowners are now thinking of selling as the impact of this substantially discounted competition has disappeared.However, every seller of an existing residential property must realize that there is a new form of competition in the market: newly constructed homes.According to the National Association of Realtors’ Profile of Home Buyers & Sellers new home sales accounted for 16% of all homes sold in 2014. The graph below shows the top 5 reasons that a buyer would choose new construction over an existing home.

Paul Snyder III

I am a specialist in the management and sale of bank owned AND investment properties throughout SE and Central Pennsylvania. Our team of (14) real estate agents and (3) support staff are here to e....

Want to Advertise on this Site?

Latest Blog Posts

10 Worst First Time Home Buyer Mistakes

ByAmy FontinelleAre you gearing up to buy your first place? Shopping for a home is exciting, exhausting and a little bit scary. In the end, your aim is to end up with a home you love at a

Read More

Things To Look For In Buying A Home

Buying a house is a bit like planning for your wedding day — there are months packed with excitement, stress, planning, and then, finally, the big payoff. I know because I have 2 exceedingly

Read More

11 Things You Need To Do To Prepare Your Home For Fall

by Jana RandallImage: Getty ImagesPrintIt's officially fall — use this handy checklist to make sure your house is ready for the seasonShareTweetPinWith cooler temperatures knocking, now is

Read More

Prepare Your Home For Fall And Winter

BY READER'S DIGEST EDITORS794SHARES© Comstock/ThinkstockWith summer a fading memory, now’s the time to ready your home for fall and winter’s cooler temps and unpredictable weather

Read More