Categories: Blog, Resale Market | Posted: October 7, 2020
If you’re trying to buy a home in the Lehigh Valley area, chances are you know just how competitive the real estate market is right now—Kay Builders certainly recognizes it. Even during a nationwide recession, homes all over Pennsylvania (and the rest of the country) are selling in record times, often with dozens of showings and offers made with 48 hours of going on the market.
The high demand for homes often results in a bidding war, where multiple prospective buyers are competing for the same house. According to USA Today, 53.7% of home purchases in June were subject to bidding wars. During these bidding wars, terms can get pretty crazy—from offers thousands above the asking price to paying in cash, it’s hard to find a home within your budget that will actually stay within your budget throughout the process. This is where Kay Builders comes in with a major advantage over the resale market.
Buying a new construction home always has its benefits, like improved energy efficiency, fortified foundations and structure, updated interiors and the flexibility to choose your finishes, floor plan and more customization options. But when homes are flying off the market at an unrealistic rate for unaffordable prices, new construction homes bring an even more enticing benefit: no bidding wars.
For homebuyers, this means you can be comfortable throughout the process because there’s no surprises. You know exactly what you’re going to be paying, and when you’re going to pay it—no settling on a budget and then having to exceed it to beat out someone else for the home of your dreams. Before the construction process even begins with Kay Builders, buyers go through a 10-step purchase process, which includes designating your budget for the project and getting pre-approved for your mortgage through one of our preferred lenders (or your trusted lender). We are very transparent in our process and will keep you to the budget you’ve set during floor plan selection, site selection and customizations.
The only people who hate bidding wars more than homebuyers? Real estate agents. When agents bring their clients to Kay Builders, they save themselves the time and effort of doing multiple rounds of paperwork and negotiations, only to be outbid time and time again. We’re proud to work with realtors to find the best floor plan, community and finishes for your clients.
If you’re sick of losing the battle of bidding wars, it’s time to consider buying a new-construction home in Lehigh Valley. We’ve been building high-quality, awarding-winning homes in the area for six decades, serving over 3,500 satisfied customers. To learn more about where we build, our available floor plans and the advantages of building new over buying resale, contact us today.