Frequently Asked Questions When Buying a New Home

Buying a home in New Castle, DE can be a fun and exciting experience. However, it can also be intimidating and daunting, and chances are a first time home buyer will have a long list of questions when beginning the search for a new home or home builders in Delaware. Questions are good, considering that buying a home for the first time is likely the largest purchase you’ve ever made, and you want to be sure to make the correct decision. We’ve got the answers to some of the most common questions first time home buyers have. Read further to help eliminate some stress out of your search for houses for sale in Delaware.

 

How Much Money Will I Need Up Front?

Typically, most first time home buyers will need 3-5 percent of the overall purchase price of the home, depending upon the type of loan you acquire. The most significant amount of money you will need upfront will cover your down payment. Other costs you can expect to accumulate throughout the process of buying a new home in Delaware is the lending fees and closing costs, which typically range from 2-4 percent of the loan amount. Knowing your overall upfront costs will help save you some surprise and allow you to save up enough money to cover the costs.

 

How Many Homes Should I Look at Before Making an Offer?

This question is all dependent upon you. With the vast array of new homes for sale in New Castle, DE, there will be no shortage of homes for you to tour. And keep in mind that you can also view homes online to help you narrow your search. The average home buyer looks at approximately 10 homes before making an offer, but you should look at the number of homes that you are comfortable with. For some this could be only a few, and for others it could be many. Once you are comfortable with the home you want, you will know it is time to make an offer.

 

Should I Have the Home Inspected?

While this is again up to you, it can help alleviate any reluctance or doubts you have in your mind that you should purchase the home. A home inspection allows you to know without any doubts that the home is up to par.

 

How Quickly Can I Close?

There is typically a period of 30-45 days for your home to reach closure, and then it is all yours!

Hopefully this information was helpful to you in your search for quality home builders or homes for sale in Delaware. For the very best home builders in Delaware, contact LC Homes to begin your search today!

 

There are a lot of new homes Delaware is offering. But the best ones are built by our company, LC Homes. We have been in this business for nearly 70 years now so you can be confident that we will build the home that is truly appropriate for your character and style.

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