Buying a Home

The Advantages of a Spec Home

May 4, 2018

If you’ve been in the market for a brand-new home, you might have heard something about spec homes—or perhaps inventory homes, move-in ready homes or homes under construction. Our personal favorite is quick move-in homes, but they all refer to the same thing: new homes that builders begin construction on before they’re under contract to a buyer. This enables new communities to keep a steady flow of homes for prospective homeowners. It also provides you, the homebuyer, with some special advantages. Read on for how…

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Buying a Home

Getting Ahead of the Bidding War Game

April 30, 2018

Picture this. A home goes up for sale in a sought-after neighborhood. Maybe it’s located in a well-rated school district or offers an ideal commute to work. You see that the home is in your range and try to beat the competition with a fast offer above asking price (this isn’t the first home you’ve bid on). But an investor has already offered more—and they’re willing to pay all cash. The seller, understandably, takes the higher and more expedient offer, and your house hunt continues.…

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Buying a Home

Why Great Schools Matter (Even if You’re Not a Parent)

April 24, 2018

There are many factors to consider when purchasing a new home, and whether or not you have children, the quality of area schools is definitely one of them. Buying a home in a highly ranked school district might cost you more up front, but the potential benefits can be significant. The cost of good schools According to Redfin, buyers pay an average of $50 more per square foot for homes in top-ranked school zones. A 2016 Realtor.com study found that homes in school districts ranked…

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Buying a Home

From the FAQ File: Building Time & Upgrade Costs

April 19, 2018

Sometimes, there are no easy answers for the questions readers ask. Today’s topics are some of the toughest. Q: How long does it take to build a Richmond American home? A: Construction time depends on many factors; the size of the home, the complexity of the floor plan, even weather conditions can influence the timeline. Your Construction Superintendent should be able to set expectations as you move forward. If you need to move soon, consider purchasing one of our quick move-in homes. To see what’s…

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Buying a Home

4 Tips for Spring Homebuyers

April 2, 2018

Spring is here! What does that mean for your homebuying journey? Here are some tips to help you get into your dream home this season. Get preapproved. This is a tip we mention all the time, but it’s especially important in the spring. Knowing what you can afford can give you a leg up during the buying process. In the spring, there are more buyers in the market than in winter months. That means more competition. You need to be ready to act quickly when…

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