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Top New Home Myths BUSTED | How Buying a New Construction House REALLY Works

Zak Schmidt- Dallas Texas New Construction Homes

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On today’s episode, we are digging into the top myths we commonly hear from people who are nervous about buying a new construction home. We’re going to BUST these myths and explain why they’re commonly believed but not necessarily true.
Join us as we share how it really works when you’re buying a new construction home and what about the process you may end up enjoying way more than you thought!
00:00 Preview
00:37 DFW New Home Podcast
00:59 Megan's First Buyers
06:24 Myth #1: The Need to Pay Market Interest Rate
12:10 Myth #2: Down Payment Myth
16:49 Myth #3: You Do Not Have to Make Your Down Payment Upfront
24:20 Myth #4 Taking a Contingency
29:59 Myth #5 New Homes Don't Have Character
36:45 Myth #6 Buying Something New Doesn't Require an Inspection
41:40 Myth #7 You Don't Need a Realtor
44:42 Outro
Megan Reeves
New Home Sales Specialist at Pacesetter Homes Texas
Facebook - / megan.reeves713
Instagram - / megan.sells.new.homes.dfw
Email - megan.reeves@pacesetterhomes.com
Megan Reeves Channel 👉 / @megansellsnewhomesdfw
🤔Want to talk about moving to DFW? 🤠
📝 Let me Help! bit.ly/WorkwithZaksurvey
📅 Book time in my Calendar: calendly.com/zak_schmidt
🚚 Moving to TEXAS? I’d Love to Help!
📲 (214) 608-1951
📧 zak.schmidt@exprealty.com
👋 Zak Schmidt, Lic# 0759608
🏆 Brokered by: eXp Realty, Lic# 603392
Top Home Searches:
Completed New construction homes east side of DFW - myre.io/0m1Ql7JEubcd
Rockwall/Royse City Area - myre.io/0CPJU9fEo3nf
Forney/Mesquite - myre.io/0W7cxWWdVM4r
Plano/Richardson - myre.io/0VyD4ZSt5HIj
Frisco/McKinney - myre.io/07JKmYq9kt2m
Highly Recommended Videos:
🌆 Rockwall Texas Complete Vlog Tour: • Rockwall Texas COMPLET...
🤠 Forney Texas Explained: • Why you should move to...
Preferred Partners
🏦 Lender Partner: jerelcurtis.floify.com/
🔬 Inspector Partner: texasdhi.com/
📽️ RU-vid Marketing for Realtors: zakschmidt.com/youtubehelp
Connect
🌐 Website: zakaryschmidt.exprealty.com/
📺 RU-vid: / @zakschmidt-dallastxre...
📲 Facebook: / zakschmidtrealtor
📱 Instagram: / schmidt_zak
💼 LinkedIn: / zak-schmidt-214b33100
Disclosures
📝 IABS- drive.google.com/file/d/1kMvD...
😀 Info provided is opinion and for entertainment purposes.
💰 Links shared may be affiliate links to products or services. We may receive a commission, discount or benefit for purchases made through these links.
🔎 Sources
Niche, Wikipedia, TravelTime, Census, Real Estate Commission, NTREIS
😀 Info provided is opinion and for entertainment purposes.
💰 Links shared may be affiliate links to products or services. We may receive a commission, discount or benefit for purchases made through these links.
Top New Home Myths BUSTED | How Buying a New Construction House REALLY Works
#newhome #podcast #zakschmidt

Опубликовано:

12 авг 2024

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Комментарии : 13

@user-vb6qb8qs6w Месяц назад

Hi Zak, Do you a video explaining the most common type of mortgage loans and who to qualify ?

@kelligoodman4219 2 месяца назад

Great info and great video as always!! You are really sharing important details and facts about our industry!! Very impressive

@colton7410 28 дней назад

I have signed a contract on my new construction home and it is almost to the pre drywall inspection stage. I have started to shop lenders and get loan estimates, but I am finding that when putting 20% down lenders are actually giving me higher interest rates than putting down less money and paying the PMI. With that being said I have to ask the question would it be best to pay the lowest down payment and close on the home then turn around and recast the mortgage and put down the additional down payment to get to 20%? Doing this would allow you to drop PMI, put 20% down and get the lower rate the banks won’t offer unless you do the minimum down payments. Have you ever heard of someone doing a mortgage recast to lower their payments?

@zakschmidt-DallasTXrealestate 22 дня назад

That would be my play. talk with the lender and see what are your options on a recast. Some want. you to wait 3-6 months but you should have the option to do it. I personally would want as little of my money tied in the deal as possible.

@alexhardee5746 2 месяца назад

LOVE this podcast! Episode recommendation- bring on a lender that specializes in new construction! We just went under contract on a house that won’t be completed for 6-8 months (fingers crossed!), and my builder had a list of preferred lenders. Most would not lock a rate for 180 days, so my question is this- when would be the best time to shop around for the best rate/cash to close in that situation?

@zakschmidt-DallasTXrealestate 2 месяца назад

Thats a great question. We have one of our favorite lenders coming up in July. 180 is usually the top line of when to lock. I would say with the election coming and what not that would probably be as long as I would want to lock a rate right now. With a build job most of what we are looking at in 6-8 in timelines to build

@palani26 2 месяца назад

Hi Zak, Another great video.i bought a home with all the knowledge I got watching your videos. Do you have recommendations for a good inspector in the Rockwall? area?

@infinitepants314 2 месяца назад

I used Texas Inspector for my pre pour and pre drywall and I've been happy with his reports

@zakschmidt-DallasTXrealestate 2 месяца назад

This is who I recommend to my clients. texasdhi.com

@billh4458 Месяц назад

What builder was providing that permanent buy down?

@zakschmidt-DallasTXrealestate 22 дня назад

At the time of that Video there were a few that were doing it- Trophy, pacesetter, Meritage. But I know incentives change all the time so if you want to talk in detail to find the best deal for you let me know and we can set something up