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Home » Is There Competition When Buying a New Construction Home?

Is There Competition When Buying a New Construction Home?

February 17, 2022 by Karen Baker Leave a Comment

Is There Competition When Buying a New Construction Home?

Buying a home is an exciting journey, however when buying a new construction home, it seems to be even more special as you can watch the bones of your home get built, be the first person to live within the walls, and ultimately, build the home of your dreams. One of the biggest misconceptions when it comes to building a home is that there is no competition with other buyers. Another is simply the time needed for the building to be complete, and unfortunately there isn’t a way to rush, or speed along the process which leaves many buyers practicing patience until they can finally turn the key and become a homeowner.

Is There Competition When Buying a New Construction Home? On average, it can take 5 months to build a new home even when you have the best builders around. There is a lot that goes into a new construction home, from excavation, foundations, framing, mechanical, electrical, insulation, drywall, flooring, and interior finishes to name a few, it’s easy to see why it takes a few months before the home is officially yours. Once you’ve accepted the timeline, the next thing that is needed is an understanding of the new construction market.

Related: Exploring Sea Trail Plantation in Sunset Beach

With new homes sites in the works, many people hoping to call Sunset Beach home are patiently waiting for the new homes at Sea Trail Plantation to be built. With the new additions to the already coveted community, many buyers may feel as if they can wait to secure their lot as many new home sites will be opening. Unfortunately, when it comes to new additions in already desirable neighborhoods, the lots tend to sell quickly. While you may not face a bidding war as with existing homes, when it comes to new construction homes, especially when  being added to an already established community there are generally two different types of buyers.

  1. New buyers hoping to move to the area
  2. Existing members of the community hoping to upgrade

Surprisingly, many homeowners who already call Sea Trail plantation home will end up reserving/buying their next home right next door to upgrade their housing, and then, once secure, list their existing home for sale. While many people prefer older, or existing homes, as technology continues to advance, new construction home are becoming even more sought-after due to a multitude of reasons. Whether it be their energy efficiency, multiple outlets to accommodate your electronics, USB ports, smart appliances and thermostats, etc. new construction homes are easily some of the most sought after in today’s market.

While you may not have to go up against other offers, place counteroffers, or enter a bidding war, time is of the essence when it comes to securing a new construction home as you have competition with both other buyers, as well as residents of the neighborhood. We would love to help you find the perfect lot where your dream home will someday sit!

Related: Things to Know Before Buying a Historic Home

If you’re currently searching for a new home, whether a new construction home or an existing home, are ready to sell your home and need a qualified seller’s agent to assist you, or if you have any further questions regarding Carolina Real Estate, please feel free to contact our office at any time.

More Information for Buyers

  • How to Make an Offer on a Home
  • Should I Buy a Single-Story or a Two-Story Home? Part One
  • Should I Buy a Single-Story or a Two-Story Home? Part Two
  • Why Your Offer May Not be Accepted
  • Buying a Vacation Home
  • Forgotten Costs When Moving

Filed Under: Buyers

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“Life will lead you to where you belong. Five years ago life led me to meeting Karen Baker at an...
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“Life will lead you to where you belong. Five years ago life led me to meeting Karen Baker at an Open House. Our relationship continues as Karen and her husband Frank have been outstanding not only in helping my husband and I find the right retirement relocation home, but we have watched their commitment in helping many others find their homes. She and Frank treat every client as if they are the only ones that exist. They provide thorough research of areas and homes of interest and present you with the options. They are not your typical hard sell, must-buy-now realtors. They are here to help you find your next home?. You won’t go wrong with the Bakers!
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“The Bakers treated us like family during our whirlwind weekend of looking at houses. Prior to our on-site visit to Sunset Beach they created a portal and populated it with properties that met our ever-evolving criteria. By time we arrived we had a good feel for what we could afford and what was available that met our criteria. The Bakers, especially Karen, were able to make sense of what we thought we were looking for and eventually matched us with a house that we ended up purchasing — Karen called it the “This is it” house and she was right. We are loving our 2nd home and appreciate how painless Karen and Frank made the process. All the paperwork was done seamlessly and quickly and the closing went off without a hitch. The Bakers do not believe in the hard sell — they gave us the knowledge we needed and the guidance we needed to make our dream a reality.”
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Amy and I have bought and sold four properties in the past twelve years. Both of you are the best...
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Amy and I have bought and sold four properties in the past twelve years. Both of you are the best realtors we have ever dealt with. Amy and I both felt we could trust you to look out for our interest. The level of service you provided was outstanding, from taking the trash out, helping the buyer with inspecting the irrigation system, dealing with our tenants, always being there if we needed to ask a question, providing constant updates on the market and always keeping us informed on the sale of our house. I think your next venture should be training other realtors, because both of you have mastered the art of providing excellent service. I will be sure to recommend the Frank and Karen team to anybody looking for a trust worthy, knowledgeable and top performing realtor. It was a pleasure working with both of you.”
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  • 3 Ways to Research Your New Neighborhood
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