New Homes in Sacramento
Are you concerned about handling a situation in which interest rates increase when building a home? If not, you should be. Depending on where you are building a home in Sacramento, it could take 4 to 6 months (or longer) to finish building your home. What happens if interest rates increase when building a home? You could get socked with a much higher interest rate. The rate could be so high that it could disqualify you from buying a home. Or, put a severe crunch on your financial cash flow.
Last September, interest rates remained around 3.75%. Today, interest rates hover at about 4.30%+. Fact, every 1% an interest rate rises loses a buyer about $25,000 of purchasing power. Some buyers do not understand the direct correlation between sales price purchasing power vs interest rates. However, you should keep interest rate fluctuation in mind when buying new construction. Also, think about how you’ve locked in the price of the home when you signed the purchase contract. Sales prices may go up but your pre-negotiated home price remains stable.
If you’re thinking about relocating to Sacramento, you’ve definitely come to the right place. As a new buyer to the area, you owe it to yourself to find exclusive representation through a knowledgable agent. It’s a little bit harder than you would think to do it on your own. Further, there is no need to subject yourself to that kind of misery when you can align yourself with an expert for free. The problem is everybody and his uncle claims to be an expert in real estate. So, how can you tell if you’re talking with an agent who will make relocating to Sacramento easy and fun for you?
Because Lyon Real Estate is one of the oldest and well respected real estate companies in Sacramento, we often get invited to tour new projects before the public hears much about them, including the new luxury condos in downtown Sacramento, . In fact, a woman from outside of Sacramento called a month ago, demanding to tour luxury condos in downtown Sacramento, and apart from the units at 500 N Street, we had to tell her there aren’t any. Yet. Yet being the operative word.
Well, there have been a few, but there are none for sale now. The condos at the top of the Marriott come to mind, the Penthouses at Capitol Park, but those sold out. Lots of false starts and promises on other projects, but now that we have the Golden 1 Arena, downtown Sacramento is suddenly burning red hot.
Holy moley — will you take a look at this home in Hampton Station! It is not what you would expect to find where this is located. One moment you’re driving through lovely Parkway Estates and the next, whammo, you’re driving into a new home community consisting of around 175 homes.
The location is close to several parks, including Hampton Park, which is almost 5 acres with a playground. This home was built in 2011 by Woodside Homes, and it is called the Empire model.
You might be astonished to find all of the special touches throughout, the types of upgrades you’d normally find in homes that cost a lot more than $325,000, such as the beautiful hardwood floors throughout the first level, except for the bath and laundry.
This Sacramento new homes development has only 3 houses left to buy in the wonderful inner city neighborhood of Elmhurst, near East Sacramento. This neighborhood is one of the best kept secrets in Sacramento. Not very many residents have even heard of Elmhurst much less realize it is right across from East Sacramento, the way the crow flies.
If you don’t want to live in the suburbs but want a brand new home in the city, this Sacramento new homes development might be the perfect spot for you. It’s a small cluster of brilliantly constructed SMUD Smart Solar homes on a culdesac. We just closed #6 Declan yesterday at the list price of $485,000. Fortunately, for you, the 3 remaining homes are for sale with variable pricing at $429,000 to $479,000. Make an offer. Ask about builder incentives.