
It’s no secret, new construction subdivisions are popping up everywhere throughout the Apopka market. Currently, there are an equal number of new construction homes (single-family and townhomes) as there are resale home listings on the market; this is creating unique opportunities for home buyers.
The Apopka and Central Florida real estate market has continued to soften, and monthly sales levels have dropped again by 8.6 percent as of the end of July. Inventory is continuing to rise, signaling more competition that’s requiring builders and resale sellers to get creative with pricing and incentives if they want to get their homes sold. In addition, interest rates are still at high levels, and there’s always uncertainty regarding our future economy.
All of these factors have created tremendous opportunities for any buyer comfortable enough to make the commitment to buy now, instead of waiting for the market to improve. “I’m seeing extreme builder incentives, below-market loan interest rates, and $10,000.00-plus closing cost contributions… more than I’ve seen in years”, stated Joe Bornstein, Rock Springs Realty Broker/Owner.
In addition, Bornstein noted that many people are not aware of the dramatic change that has just taken place in the real estate industry where buyers are now obligated to pay their own Realtor® fees. All of these factors offer a compelling reason to explore the NEW construction option and be represented by an experienced Realtor® to guide you through the home-buying process.
When you walk into a builder’s model home and are greeted by the salesperson, it’s important to remember: they work “FOR” the builder and have the builder’s best interest in mind… NOT YOURS! That salesperson is not going to fight to get you the lowest possible price, best terms, incentives and discounts available. The salesperson working for the builder makes an extra commission if you don’t utilize a Realtor®. The odds are truly stacked against you in this situation”, stated Bornstein.
Bornstein also cautions any buyer considering new construction to “never” go into a model home or community for the first time without your Realtor® present.
In most cases, the builder will register you directly and then “deny” to pay the Realtor®. commission if you should purchase a home in that community. This common builder practice can add thousands of dollars of extra cost to your purchase, while penalizing you for having independent representation intended to protect your best interest when negotiating in the home-buying process.
The great news is that when you work with Rock Springs Realty, they bring years of experience as a Buyer’s Agent in new construction. So, never buy “WITHOUT” representation.
Thus, if you’re looking to sell or buy anywhere in the Central Florida area, you need the knowledge and experience of the seasoned team at Rock Springs Realty to guide you through all the complexities of the real estate market.
Voted one of the top real estate offices in Apopka for nine years in a row simply validates why they’re the professionals you can count on for making your dreams a reality.
Rock Springs Realty services include new home construction, lakefront homes, golf and resort communities residential selling agent, buying agent, luxury and vacation homes, investment properties, second home purchases, condos, villas, and townhomes. Also, bank-owned foreclosures, relocations, vacant land and lots, down payment assistance programs and consulting, along with a full range of commercial real estate services.
Always delivering results, you can visit them at www.RockSpringsRealty.com or call toll free (877) 333-2811 to find out how they can assist you with your specific real estate needs in this rapidly changing market. “It’s all about results”, stated Bornstein.
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