There is a lot to take into consideration when comparing buying a new construction home vs. a resale home. This article does a great job showcasing different perspectives and considerations that homebuyers face when making this kind of decision!
“Most builders have a fairly hefty deposit schedule or earnest money compared to resale homes,” says Jen McConnell, owner and broker at McConnell Real Estate Partners in Isle of Palms, South Carolina. “Once you are in the upper end of custom home building, there is a significant amount of money that needs to be put down, sometimes in the form of land, in order for the builder to take on the build job.”
Read the full article HERE.