New Home Buyers are not interested in used homes……they are looking for a brand New Home for so many reasons.
The most important thing to recognize is the desire to buy a Brand-new home is in fact growing amongst consumers with more than 53% indicating their next home will be a new one. More millennials are looking to find the newest in innovation and best location to settle into, one that matches the type of lifestyle they want to be living. Baby Boomers are also leaning more toward a new home as well as they are tired of the many years of maintaining their used home. They have spent countless hours and thousands of dollars keeping their home as a solid investment so that they can now sell and move into something new, maintenance free and offers the many luxuries an early retirement lifestyle deserves.
New Home Buyers want new items, the newest in appliances, smart homes, energy efficiency, new home warranty, maintenance free building and more. They are not interested, and simply don’t have the time or willingness inherit someone else’s worn carpeting, used kitchen appliances or look at some other family’s initials scrawled into cement they didn’t put there. They want their Houzz and Pinterest Dream of a new home, one that is clean, well designed, effective, innovative with a great location to amazing amenities.
Do You have to Use a Real Estate Agent? Nope…
Unfortunately, most buyers can’t easily look up only new homes on REALTOR.ca (MLS). The average consumer CAN NOT look up the house by age of home, your stuck looking through all the used homes to find them. This is because the REALTOR.ca system is specifically designed to ensure you only get limited information encouraging you to call a real estate agent.
Thankfully other online services are appearing to help many New Home Buyers in becoming extremely well versed in new homes, the projects, the builder and more. Many start their online research as much as 5 months before they ever talk to a Builder or an agent. They use so many online services including the Canadian Home Builders Association, the Builders own website, or sites that bring all the new homes into one place like NewHomeListingService.com.
Buy Direct from a Builder or Use an Agent?
By the time many New Home Buyers decide they are ready to buy their brand-new home, they often already know more than the local real estate agent. So, one of the first questions you may have is should you even use a Real Estate Agent? “What value does the Real Estate agent bring and I heard the Builder will keep the price higher to pay their commission?” Yet you have also heard from your friends and others the horror stories in buying a new home direct from a Builder and not getting what was promised and the many headaches that follow.
Take a look at the next series of Blog posts for the Steps of what to do next!