According to a recent study done by Harris Poll, for the same price, 41% of Americans would prefer to buy a newly built home instead of an existing home. 21% prefer an existing home while 38% didn’t have a preference.
However, those desiring a new home may not be prepared to pay for the difference in price. Only 46% percent of those who strongly prefer a new home are willing to pay at least 20 percent extra* to purchase a new home versus a comparable existing home.
Why People Prefer a New Home? With Statistics like this it is a good thing CHL and the Craig Adelman lending team have a 1 time FHA close and a 2 time Conventional Loan.