Are you moving and not sure if you should build or buy an existing home? Lucky for you, we have loans with amazing rates to help with whatever route you take!

With the housing market at an all-time high, it’s a hard choice between buying an existing home or building. Make a list of your needs and wants to determine which purchasing option is the best for you.

Building a new home is great if you want to have the flexibility of customization. Create your dream home where and how you want it. However, some of those customizations will add up to more than anticipated if you’re not careful.

New homes come with peace of mind knowing that upgrades and replacing appliances won’t be in the near future. Some people dream of buying an old fixer upper, but this can get expensive fast with unknown issues that arise.

Another benefit of building a home is not having to compete in a highly-competitive real estate market. Existing homes are currently on the market for an average of 20 days and sellers are accepting offers over appraisal value.

The last thing to think about when deciding to build or buy existing is your personal timeline. Do you need to move in soon or can you wait six or more months for your new house to be ready?

Whichever you decide, remember to never buy a house that’s more than you can comfortably afford. If you’re not sure what that is, contact one of our mortgage experts today to get a personalized quote!

Let us help you navigate your homebuying experience. We have experienced mortgage experts standing by, ready to assist you. Call, email or text us with any questions and apply online for your pre-approval today!