Congratulations to my buyer on the purchase of her new construction townhome!
This sale came with lots of hurdles to jump through and she stuck it out like a champ for nearly a year.
If you are looking to buy brand new when ground is just being broken, please know that the process can be long and daunting with many delays in today's world. Supply chain issues, a concrete strike, staffing shortages, and weather delays put this one a few months behind schedule. As interest rates begin to rise, it's also important to remember that the rate you see when you make your offer, will most likely not be the same one you see when you are able to finally lock your rate. If the process gets delayed, you'll also want to prepare for rate lock extension fees and the potential of a different monthly payment than you may have been planning on. Having a great lending partner when buying is always key, but especially in new construction to help you navigate and adapt along the way. Thank you to Ryan Niles-Mortgage Advisor and Realtor Business Strategic Partner. and team for keeping this one together!