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There used to be a time, not so long ago, that foreclosures and short sales ruled the market. Inventory was high and buyers could name their price on a house. If you lost a house or didn't get your price, there were always plenty more to choose from. Times have changed and we have seen a definite shift in the real estate market, especially in Myrtle Beach. As buyers peruse the available homes for sale in Myrtle Beach, they are looking for value, newness, and square footage. New construction offers them a brand new house at an affordable price and a warranty to go along with it. Builders have priced their homes competitively and some have included items that would normally be upgrades as standard features.
Today, new construction makes up 27% of the residential real estate inventory and that number is continuing to grow every day. In 2013, new construction made up 28% of residential sales. You can finance a new home or have a new home built, without having to use a construction loan (in most cases). FHA financing, conventional, USDA, and other great programs are available offering many options to many different types of buyers.
For more information on new construction in Myrtle Beach and surrounding areas CONTACT US. If you would like additional information on financing or to start your preapproval process. Contact our preferred lender, David Dupont. Be sure to let him know if you are currently working with one of our agents or if you have an agent in mind that you would like to work with.