Creative Financing in Today’s Market
The real estate market has been a hot topic of discussion lately, with many people curious about its current state. Shelly Willis and Holly Seidel, members of the Canon Builder Dream Team, share their insights and experiences in this article. With over 20 years of combined experience in the real estate industry, they provide valuable information on the state of the market, particularly in the context of new construction homes. They also discuss how working with the right lenders can help buyers navigate the current market conditions and make informed decisions.
Gettysburg Opens Up: Overwhelming Demand for New Construction Homes
Gettysburg, a new construction development, has recently opened up, and Willis and Seidel acknowledge that they have been swamped with inquiries and appointments from eager buyers who have been patiently waiting for this opportunity. They explain that while they apologize for any delays caused by their busy schedules, they also appreciate the high demand as it keeps them on their toes. The Canon Builder Stream Team is excited to finally get Gettysburg going and help people put pen to paper and finalize contracts for their dream homes.
Magnolia Madness: Another Popular New Construction Development
Willis and Seidel also mention another new construction development called Magnolia, which has been attracting a lot of attention as well. They share that they have been busy with appointments related to Magnolia, as it seems like everyone is interested in this development. They also reveal that they were able to sweet talk their Builder into letting them build an inventory home from scratch, which they are still in the process of completing. They highlight the unique features of this home, including its adorable design, beautiful backyard with mature trees, and its location in a cul-de-sac.
Creative Financing Options: Buying Down Interest Rates
In the current real estate market, many people expect the market to slow down, but the demand for new construction homes remains strong. This is attributed to the fact that new construction homes are priced based on today’s prevailing rates, rather than inflated prices of used homes. They also mention that their lenders have been offering creative financing options, such as buying down interest rates, to help buyers manage the higher rates compared to previous years. They emphasize the importance of working with the right lenders and exploring different options to find the best financing solution for each buyer’s needs.
Collaborating with Lenders: Finding the Best Programs for Buyers
Willis and Seidel encourage buyers to talk to their lenders about different options, and if they are not satisfied with the answers, they suggest consulting with the Canon Builder Stream Team’s network of lenders. They highlight that their lenders have been providing valuable insights and information, and they share an example of another lender who recently sent them interesting information about financing programs. They emphasize that finding the best programs for buyers is a collaborative effort between the buyer, their real estate team, and their lender.
In conclusion, Willis and Seidel provide valuable insights into the current real estate market, particularly in the context of new construction homes. They highlight the overwhelming demand for new construction developments such as Gettysburg and Magnolia, and the creative financing options available to buyers, including buying down interest rates. They emphasize the importance of working with the right lenders and exploring different options to find the best financing solution for each buyer’s needs. With their extensive experience in the real estate industry, Willis and Seidel provide valuable guidance for buyers navigating the current market conditions.
For the past 50+ years, Cannon Builders has been a family-owned company providing new construction on residential structures. Our custom-built houses in Warren County and Lincoln County, MO prioritize quality workmanship with a wide array of home styles to fit the diverse desires of homebuyers. All our communities in Wright City and Troy qualify for the United States Department of Agriculture (USDA) Guaranteed Rural Houses Loan Program, making homeownership attainable for many more residents. Our company is located in the St. Louis, MO metropolitan area, and we are proud of our history as dream home providers.