On top of these transactional concerns, there are other potential risks when buying new construction homes or condos. What happens if the builder doesn’t sell all the homes or condos? Sometimes this ends badly, foreclosure on remaining units, units being rented or never built. These scenarios typically have a negative effect on the value.
Because of the complexity of buying new construction, especially if you have to sell an existing home, it’s best to seek out professional help from a Realtor experienced in this area before you even get started. And that’s what I do!
If your plan is to move from one home to another, just putting your home on the market isn’t enough. Your home will need to be ready to show and you’ll need a strategy to accomplish the sale and purchase of another home in a reasonable time frame.
With 10 years selling homes in metro Salt Lake and 20 years in the real estate business, I have many strategies and an in depth understanding of what it takes to help you sell and buy another home. Call or email me if you’d like to take advantage of this opportunity!
Contact SLCHomeBuyer.com and Kevin Coyle
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