New Construction in a Low Inventory Market

  • June 26, 2024

Are you frustrated with the current inventory of homes on the market? New construction may be the answer you’ve been looking for!

The Charlotte real estate market hasn’t slowed down in 2024. Inventory may be down but there are still many people searching for a home to purchase. “The Chamber of Commerce ranked the Charlotte metropolitan area sixth in the nation for new home construction in 2023.” (WCNC Charlotte, 2023) The demand hasn’t slowed down and neither are the home builders!

Below are the common questions we get regarding building a new home.

How do I find out about new construction communities?

  • Contact The Premier Team! We have relationships with home builders across the Charlotte metropolis and can assist you in narrowing down options.

Can I afford to build?

  • With new construction, the pricing structure can be different, and you have many options to customize a home. The Premier Team works with you to stay in budget and represent your best interest.

Are interest rates different for new homes?

  • They can be! “Sales of newly built homes will hold their elevated market share due to builders’ ability to buy down mortgage rates plus pent-up housing demand.” (U.S. News & World Report, 2024)

Are the prices negotiable?

  • Generally, new construction pricing is not negotiable. However, we can recognize when there are opportunities to reduce the price or ask for upgrades and incentives … and how to go about doing it.

Is building risky? What if something goes wrong?

  • There are pros and cons to new construction vs. resale. We can chat more about that! If something goes wrong, we know the options to act against a builder to take corrective measures.

Ready to learn more? Give us a call at 980-236-0005 to start the conversation today!

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