Guides, tips, pricing, incentives, builder information, and everything you need to know when buying a new construction home in South Florida.
57 articles from National House Search
If you're looking at new construction in Palm Beach Gardens, the starting price is the least useful number you'll see. What actually decides your cost is the specific home, the lot, taxes after…
Buying a new construction home follows a different sequence than buying an existing one — no negotiating over someone else's repairs, but a process with its own steps and its own timeline.…
Mortgage underwriting is the lender's check that you can repay the loan and that the home is worth what you are paying. On a new-construction home, that check often happens more than once, because…
The down payment on a house can be as low as 0% to 3.5% of the price, depending on the loan. FHA loans need at least 3.5% down with a credit score of 580 or higher. Fannie Mae conventional loans can…
A certificate of occupancy (CO) is the official sign-off from the local building department that says a new home passed its inspections and can be lived in. On a new-construction home, it usually…
Seller concessions are money the seller or builder puts toward your closing costs, and every major loan type caps them. On a conventional loan backed by Fannie Mae, the cap is 3%, 6% or 9% of the…
Yes, you can often buy a new-construction home before you sell your current one, but you have to plan how you will qualify and how you will close. A home sale contingency lets you back out if your…
Yes, you can ask to negotiate with a home builder. The builder may accept, counter, or decline. Price, closing help, chosen features, and timing may be topics to discuss, based on the home and offer.…
A new home builder warranty is easier to use when your records are easy to find. After closing, save the signed warranty, the closing record, the builder's contact details, your inspection reports,…
A 1-2-10 builder warranty is a common new-home warranty structure with three separate coverage periods. The “1” often refers to workmanship and materials, the “2” to certain home systems, and the…
A builder warranty and a home warranty are not the same product. A builder plan is tied to construction work on a new home and is usually included by the builder. A home plan is generally an optional…
A new construction home warranty is a written promise that explains which parts of a newly built home the builder or warranty company will address for a stated time. Coverage is limited. It does not…
