Here are a Few Reasons the Answer is “Yes!”
We’re coming up on eight months of feeling the effects of the pandemic on the economy and on our personal lives – and it doesn’t seem likely that things will change anytime soon.
If you are considering purchasing a new home, there are also some financial factors that make this an ideal time to buy a new home in Bryan College Station.
Mortgage Rates are at Record Lows
A recent report by the Mortgage Bankers Association found that mortgage rates recently plummeted to the lowest they have been in the 30-year history of their survey. Lower mortgage rates not only shave money off your monthly mortgage payment, but they can also represent tens of thousands of dollars in savings over the life of your loan.
While this is exciting news, it is important to understand that there’s no guarantee that mortgage rates will stay at these all-time lows. It may be a smart move to lock in these savings before interest rates start to drift upward again.
But Home Prices are on the Rise
An article on Realtor.com states that the median national home price for new listings grew by just over 10% in the past year – the first time the market has seen double digit growth since 2017. This makes a strong case for buying now, before prices increase even further.
New Construction is the Smart Choice
In the same breath as they discuss record low mortgage rates, you will hear real estate experts talk about lack of available inventory. Nationwide, inventory declined over 36% in the past year – and newly listed inventory is down almost 12%. When homes are available, they are selling at lightning speed – at least five days more quickly than a year ago.
When you choose new construction, you do not have to be concerned about these statistics! New construction also eliminates the issue of competition for the homes that are on the market. It is a great choice for current market conditions. No rushing to new listings that may not even work for you, no endless open house tours, and no wondering if the seller will get a better offer.
With new construction, you choose the community where you want to live – or build on your own land, if that’s an option. Then you find the floor plan that works best for your family and personalize it to perfection.
While construction time can be affected by a multitude of factors – most notably weather – you can reasonably expect to move into your brand-new home in a matter of months. Even without the uncertainty caused by current conditions, it’s a much less stressful way to buy a new home.
RNL Homes has the Ideal Bryan-College Station New Home Community for You
We put a great deal of research and thought into choosing the communities where we build new homes in Bryan-College Station. In fact, most of our family lives in one of the communities where we build!
RNL Homes is currently building in:
- Austins Colony
- Mission Ranch
- The Traditions
Already own land? Ask us about our “Build on Your Lot” option!
Need a New Home Quickly? We Can Help!
We currently have a very limited number of move-in-ready homes located in both Bryan and College Station which are available for quick move-in. Given high demand for homes, and the market conditions we have covered in this article – low mortgage rates and rising prices – these homes tend to sell quickly. For the most up-to-date information on our available homes, give us a call or check out our available homes on our website.
Let Us Help You Find Your New Home
RNL Homes is committed to keeping both our team and our customers safe. While we are offering onsite tours, they are available by appointment only and must be scheduled in advance. If you visit us onsite, masks are required in compliance with state and Brazos County regulations. Our model homes are completely sanitized between each onsite visit.
Prefer a virtual visit? We have two safe, convenient options to allow you to tour our breathtaking model homes.
- Virtually guided tour: Tour our model home with a virtual guide. Our sales coordinator, Ariel, will be there virtually via Google Home and a dedicated flat screen to guide you and answer any questions.
- Live video tour: Explore our homes from the comfort of your couch. Ariel will walk you through our model home and answer your questions as you watch from your preferred smart device.
To set up a tour with a virtual guide, call us at 979-977-5775 or email firstname.lastname@example.org. To learn more about touring RNL Homes, watch this short video. We are also available for virtual meetings if you have questions or would like to discuss building a new home Bryan College Station.
Call us today to schedule your appointment! We look forward to visiting with you soon!