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With the amount of resale homes contracting it’s becoming harder to find an ideal type of property for prospective buyers. Most homes on the market need several thousand dollars worth of repairs to make the property livable. We recently showed about 5 homes priced around 180k in Gilbert. These homes needed work and seemed to be priced with the market but wasn’t worth putting an offer on when you could drive up the street and buy a new home with less hassles.

William Lyon Homes in Arizona

The hard part is finding a new build that doesn’t require a huge earnest money down to contract a home. Most new builds in Gilbert, AZ require at least 10-20k down to contract. That’s a lot of money out of pocket. Most first time buyers barely have 5k saved up which is usually the only down an FHA buyer would need. There is hope for new home buyers in Gilbert. We recently showed a new home builder in South Gilbert priced around 220k for a 2400 sqft home, brand new.

William Lyon Homes offer first time home buyers an ideal chance to get into a home with as little as 1k down for an earnest deposit. Compare that with new home builders up the street that want more than 10k for earnest. As of Saturday, this complex will have only one spec home left. Meaning if you’re a first time home buyer looking for a brand new home, you may have to wait 5 months until the next home is built. If you are interested in buying a new home, please feel free to call our office or send us an email. We’ll be happy to email you new builds in the area of your choice.