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Buying a New Home

Buying a new home in orange county

When buying a new home in Orange County it is important to understand what you are getting involved in. Buying a new home will involve some additional steps beyond your traditional existing home purchase. Learn more about the considerations of buying a new home.

New Home Buying Tips

Some of the important factors of buying a new home are as follows.

new homeBe prepared for the additional costs of landscaping you new home. Many new home buyers spend everything they have to buy a new home but then have to spends thousands more than expected for landscaping after the close.
New Home Tip: Finance landscaping into the purchase price of the home contract.

new homeWhen buying a new home often you must wait up to 12 months for it to be built. Mortgage rates can vary greatly during your escrow period. Prepare for mortgage rate increases buying qualifying for a loan on a worst case scenario.
New Home Tip: Get a mortgage pre-qualification at mortgage rates 1.5% higher than the mortgage rates at the time of your offer.

new homeBuying a new home often means that you will also be buying alot of new furniture, window covering, appliances, etc after closing the escrow. Be sure to have cash left over after your purchase, so you can avoid getting further into debt.
New Home Tip: Save thousands by negotiating all of your closing costs to be paid by the builder. Use the money saved to pay cash for your furniture, appliances, etc.

Before Buying an Orange County New Home

Before shopping for a new home it is important to know how much of an Orange County new home you can afford before making an offer to buy a new home. This will help you limit the new homes you look at to only those you can afford and it allow you to negotiate your upgrades and closings costs into your price. Learn more now with a free new home buying consultation.

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Buying a New Home

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