MARYLAND | N. VIRGINIA | WASHINGTON D.C.
GUIDANCE FOR LOCAL HOME BUILDERS AND COMMUNITY DEVELOPMENTS
Are you considering purchasing a new construction home? I will inform you of the full process, as it has some differences compared to purchasing resale. I will help you these aspects that comes with new construction:
- Why new construction
- Pros and cons of new construction
- How to choose the right builder
- Financing: In-House Lender vs. Outside Lender
- Closing costs
- How interest rates are affected: Extended locks, buying points to reduce interest rates, one-time mortgage insurance payment, lender credits, and more.
- Builder's design centers
- Appraisal process
- Phases of inspection: Pre-pour inspection, Framing Inspection and Final Inspection
- New construction home warranties
- Custom homes: Choosing the lot, the right custom builder, construction loans and timeline setting.