When Maine homebuyers begin their research, they want to see all their available options! In many cases, they will include both new construction and existing Maine homes in their search; but is a new construction home really the Maine house of their dreams?
According to a recent survey by Zillow, of the 38% of total buyers that added new construction to their list, only 11% ultimately purchased a newly constructed home!
They added that 71% of these buyers are repeat buyers who are financially secure, with 45% using the money from the sale of their previous homes to make a purchase.
Below are some reasons why buyers are interested in purchasing a new build:
- Everything in the house is new/never used (49%)
- To be close to family (41%)
- The home is the best value for their money (37%)
- Appealing home features (34%)
- Desirable location (34%)
So, then why did most of the buyers surveyed choose not to purchase a new home?
Buyers could not find new construction in the desired neighborhood, and some felt that new construction is not established (e.g., landscaping, community, neighbors).
Buyers face the end of a lease or sale of their previous property and could not wait for a house to be built.
Some buyers felt that new construction base prices were deceiving. Adding upgrades and HOA fees no longer made the home fit in their price range.
For some buyers, new construction homes are too “cookie cutter,” and models are limited. Others feel that the charm and uniqueness of an existing house trumps one that’s never been lived in.
Not all Maine Home buyers are looking for a newly built house! There are many buyers looking for “the charm and uniqueness” of an existing Maine home. If you are considering selling your Maine house, don’t wait! Let’s get together to come up with a plan to feature the charming details of your house to future buyers.
The Happy Home Sellers is a husband and wife working for you! I, Michael L’Heureux and my wife, Josee L’Heureux, both working under Keller Williams Realty, are happy to help you with all your Real Estate needs. With more than 11 years of experience in Real Estate business, we continue to serve our clients better and extend our support to those who are looking to sell homes or move in Southern Maine and New Hampshire.
If you are looking for the right Real estate agent in Maine, contact 207-553-1322 or email firstname.lastname@example.org