Buying New in a Seller's Market

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Buying New In A Sellers Market

Fulton Homes

Posted: 6/2/2022

The Benefits of Buying New
in a Seller's Market

The United States is experiencing one of the hottest seller's markets in history. In fact, economists and real estate experts expect that Phoenix will rank among the nations' top 10 hottest markets in 2022. Home values across Maricopa County are expected to appreciate at a faster rate than the rest of the nation. So, what does that mean for buyers looking to purchase a home in 2022? The answer to that question is multifaceted depending on the route a homebuyer chooses to take.

Statistics from the past year show that first-time homebuyers toured between 15-20 houses on average. Of the homes explored, buyers put it an average of seven offers on different properties before one was finally accepted. Utilizing the resale route the buying process can be extremely taxing, particularly when offers are rejected time and time again. It's quite common for buyers to become attached to homes they've seen on the market. However, when things don't turn out as planned, it can be heartbreaking and lead to feelings of hopelessness and defeat. There are buyers across the country who have completely given up on the search for a new home after losing multiple offers to other buyers. Many are going to wait until the market balances out, but most experts predict that may not be anytime soon, especially in Phoenix.

A somewhat simple alternative to this challenge exists, if homebuyers can work with a longer timeline. Purchasing a new home provides a way for buyers to avoid the cycle of rejection that comes with a resale home in a hot seller's market, and may even provide a better factor of affordability. Fulton Homes continues to offer the "No Waiting, No Lottery," method of homebuying. This approach highlights simplification, and allows buyers to avoid bidding wars, skyrocketing costs, waiting lists and lottery systems to secure a new home. Buying a dream house through Fulton Homes is as easy as putting earnest money down to secure the property and start the building process.

Fulton Homes currently has six different communities spanning five cities to choose from. These homes are fully customizable, and can provide buyers with home offices, five-car garages, mother-in-law suites, bonus rooms, lofts and countless other options that enable families to personalize their dream home. This is yet another reason why new construction is the best route to take in 2022. Aside from facilitating a significantly less stressful homebuying experience, selecting new construction lets families design the most optimal floorplan to suit their needs for years to come.

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