If you want to buy a newly built home while it’s still under construction, you may have different options for financing the purchase. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that if you’re buying a home from a local builder who has already bought land and is building multiple homes within a community, your financing will be similar to the purchase of an existing home. The main difference is that you will apply for a loan when you sign a contract for the new home, but you won’t lock in your loan terms until the property is almost complete. Your options are different, however, if you choose to build a custom home. Check out below for what sold in Jamestowne Green in May 2015:
24291 Jamestowne Road, Novi: 5 bedrooms, 2.1 bathrooms, 2,580 total sq. feet, 2 car garage, Sold Price: $310,000
Financing a newly built home can have extra steps. Talk to your realtor to make sure you are aware of how this process works. For more information on Jamestowne Green, or similar Northville or Novi neighborhoods such as Abbey Knoll, Northville Estates and Lakes of Northville, contact The DiMora Team today at 248-505-7728 or email@example.com.