Relocating to a new place doesn't have to be daunting. As scary as it may seem, moving from your old home doesn't mean you have to give up everything you hold dear. In fact, you may discover that moving was the best thing you ever did. To help make it a rewarding experience, it's best to work with an experienced Realtor who's highly knowledgeable about the area. And to make your fresh start even better, here are three more methods for a successful move:
Great news – your offer was accepted on a new construction home. But what happens next? The process is different than it is with a resale home (see our blog post for details on that.) For new construction, the next steps vary on whether it's a custom build with construction loans handled by you (the buyer) or a new home where the builder is either building the house on speculation or financing the construction themselves.
Here's an interesting stat – as of this writing, the current average 30-year mortgage rate in the US is 6.94%. One year ago, it was only 3.09%. In early November, the Fed meets again to consider another interest rate hike, possibly bumping mortgage rates even higher. If you're in the market for a home loan, don't despair. With new creative financing options, the home of your dreams is still within easy reach, especially at Harbor Club.
...Congratulations – the seller accepted your offer on the home of your dreams. But what happens next? Much of it depends on whether you're buying a resale or new construction home. To set the right expectations, we're first going to break down the next steps in purchasing a resale. But also stay tuned for our blog post regarding the next steps on a new construction home.