Few industries adjusted to the social distancing protocols better than the home building industry.
The appeal of a newly built home during the pandemic combined with sinking
interest rates increased the demand for new homes. Now that the dust has settled, home
buyers are facing challenges that they haven’t seen in years. The first is that many home
builders don’t have many available inventory (or spec) homes ready for immediate
purchase. Both builders and buyers love inventory homes because they give the home
buyer a very good idea of how their new home will look. Often, a homebuyer can look
at an inventory home of the actual floor plan they’re considering to help them make
a decision. Without inventory homes in a community, a builder will often rely on the
model to sell a different floor plan. A good new home salesperson can use the model
home to demonstrate another floor plan. They’ll say things like, “while this is the XYZ
plan, in the ABC play you’re considering, this is where the home office would be.” This
technique can be very helpful to a home shopper. Second, you may consider building
your home! This exciting process gives you the opportunity to truly personalize your
new home and make it truly your own. Finally, with all the pre-owned homes returning
to the market, many home builders will be making amazing deals to help you decide to
buy a new home instead of a pre-owned home.
Take advantage of the lowest interest rates in years and find the perfect home site for
your dream home. When you build a home, everything from the ground up is just the
way you want it!
Here’s hoping you Fall into a Great Deal on a New Home!