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4 Steps for Buying a New Construction Home
Posted by Michael Perna on
Building a new construction home requires focus, organization, and knowledge about what the buyer wants in a property. Although buying a new construction home can feel like a complex task, following these four basic steps can help homebuyers through the process.
Set a Budget
To set a budget, home buyers start by determining how much they can afford to pay for their home. One way to start this process is for homeowners to contact reputable lenders to find out what kind of loan they would qualify for. Loans that pay for new construction homes can be harder to find than loans that pay for pre-existing homes because lenders are reluctant to pay for a home that does not yet exist. Until the home is built, the lender has little leverage if the buyer…
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