Why does the housing market feel so confusing right now? Because not every buyer or seller is playing by the same rules. There are really four different groups shaping today’s market: cash buyers, financed buyers, homeowners holding onto low mortgage rates, and builders looking to move inventory. Which group you fall into can completely change your leverage, your options, and the best strategy for your next move. Thinking about buying or selling in Geneva, St. Charles, Batavia, or elsewhere in the Fox Valley? Reach out to The Kombrink Team and let’s figure out the strategy that makes sense for you.
Northern Illinois Real Estate Videos & Market Updates
Get straightforward real estate advice, housing market updates and local insights from The Kombrink Team. Our Northern Illinois real estate videos cover home buying, selling, home prices, mortgage rates, home equity and current market conditions throughout Geneva, St. Charles, Batavia, Aurora, Elgin, Naperville and communities across Kane and DuPage Counties.
Whether you're planning a move or simply keeping an eye on the market, browse the latest videos below or choose a topic to get started.
Search Videos
Found 4 videos about "new construction homes"
Mortgage rates have ticked higher again, but waiting around for the perfect rate isn’t always the best strategy. One option buyers sometimes overlook is new construction. Buyers of newly built homes have recently been getting lower mortgage rates than buyers of existing homes, in part because builders can offer incentives like mortgage rate buydowns. That lower rate could mean a noticeably smaller monthly payment. If you're buying in the Fox Valley or Chicagoland suburbs, The Kombrink Team can help you find new construction communities and see which builders are currently offering buyer incentives.
Think a brand-new home automatically costs more than an existing one? Not necessarily. Nationally, the typical new construction home is around $394,000, compared with roughly $434,000 for an existing home. That’s about a $40,000 difference. Builders with inventory to sell may also be offering incentives, rate buydowns, closing cost help, or other opportunities that can make new construction even more attractive. Just remember: the agent sitting in the builder’s sales office represents the builder. Having your own real estate agent means having someone looking out for your interests during the purchase.
Selling your home? Your toughest competition might not be the house down the street. It might be the one that was finished last month. When mortgage rates are high, buyers shop the monthly payment, not just the price tag. Builders know it, which is why so many new construction listings are advertising reduced rates right now. And it's working. New home sales are holding steady while existing home sales lag behind. Here's the good news: builders aren't the only ones with options. Sellers can cover closing costs, offer a rate buydown, handle repairs, negotiate on price, or throw in a few extras to make their home the easier yes. The Kombrink Team helps Fox Valley sellers see exactly what buyers are getting from other homes nearby, new construction included, so your house is priced and positioned to compete.
