There are several reasons why buyer preference is shifting. Here are two that impact purchasers looking to move in now:<\/p>\n

\n
• The process may move faster<\/strong>. Builders may not be able to guarantee when the house will be complete and ready for move-in due to supply chain challenges with materials like lumber and appliances. If you buy an existing home, not only is it ready, it also likely has a refrigerator, range, and other necessary home appliances already.<\/li>\n
• There are no unexpected costs during the buying process<\/strong>. With the price of land, labor, and lumber being so volatile, many builders are including an escalation clause in the price negotiation to cover rising expenses. With an existing home, the final price you will pay is negotiated upfront.<\/li>\n<\/ul>\n

  Bottom Line<\/strong><\/h3>\n

  If you\u2019re a homeowner looking to sell, your house is more attractive to a greater number of buyers as compared to earlier in the year. This might be the time for us to connect to discuss the possibility.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

  In April, the National Association of Home Builders\u00a0(NAHB) posted an article,\u00a0Home Buyers\u2019 Preferences Shift Towards New Construction, which reported: \u201c60% of people who were looking to buy a home in 2020 said they’d\u00a0prefer new construction to an existing home.\u201d However, it seems buyers are now shifting their preferences back to existing homes. The latest\u00a0Consumer Confidence […]<\/p>\n","protected":false},"author":2,"featured_media":31258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-31257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"_links":{"self":[{"href":"https:\/\/mylocalrealtyservices.com\/wp-json\/wp\/v2\/posts\/31257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mylocalrealtyservices.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mylocalrealtyservices.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mylocalrealtyservices.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mylocalrealtyservices.com\/wp-json\/wp\/v2\/comments?post=31257"}],"version-history":[{"count":1,"href":"https:\/\/mylocalrealtyservices.com\/wp-json\/wp\/v2\/posts\/31257\/revisions"}],"predecessor-version":[{"id":31259,"href":"https:\/\/mylocalrealtyservices.com\/wp-json\/wp\/v2\/posts\/31257\/revisions\/31259"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mylocalrealtyservices.com\/wp-json\/wp\/v2\/media\/31258"}],"wp:attachment":[{"href":"https:\/\/mylocalrealtyservices.com\/wp-json\/wp\/v2\/media?parent=31257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mylocalrealtyservices.com\/wp-json\/wp\/v2\/categories?post=31257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mylocalrealtyservices.com\/wp-json\/wp\/v2\/tags?post=31257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}