Buying a New Construction Home vs Existing

Every Tuesday, I go into detail a question I frequently get asked. Do you want to learn the pros and cons of purchasing a new home construction? I will also share some of my tips at the end of the video


Show Notes:

Given how low inventory is, new construction homes give more options to your purchase pool.


New construction homes have a guarantee. 10 year structure which is a California mandate. Thus a lower cost of maintenance also the design and appliances are generally more energy efficient with dual pane windows and better insulation.


Some of the layouts are much better than the 2010 models. A lot more in law units setups on the bottom floor


For many communities, things can be negotiated even though they list at a certain price. This is because once they lower the price, it’s a new lower bar for the public to see so it's a last resort for them.


The community is genrerally more newer families.


What are the cons?

Some do not like the styles. Most townhomes/single family homes are 3 if not 4 story these days


If you look at the areas, they are more dense so if you like space, it’s not as available. Parking is generally much tighter and more difficult.


Generally a premium. Be sure to work with a Realtor to see what else has sold and how much you are paying for the new construction


If it’s a new area, there may be risks involved with an unknown community. I.e. possible soil contamination


Tips:

So why use a Realtor?

Just like preowned homes, builders pay the agent. You get the experience of a top Realtor and can negotiate a better deal. You will not get a better deal on your own and you need to also understand what others have sold for. You want someone working at your best interest, just like preowned homes, I don’t dual end as the interests will never be aligned.


Research the builder when buying new construction. Read online reviews of the community, and see their finishes in person.


Have everything in writing. Model homes are NOT the same as what you would move into. Be sure to check out and be OK with the designated lot location.


Link to new construction homes: https://www.homesbyspencerhsu.com/new-home-construction/


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If you’re interested in buying, selling, or investing in residential or commercial real estate in the 📍SF Bay Area, contact me today!


📧Spencer@spencerhsu.com

📞 (408) 547-4590

⏰ Set up a time to chat: https://calendly.com/spencerhsure

🌍 Find your dream Bay Area home https://www.homesbyspencerhsu.com/

🎙️ Listen to my podcast: https://redcircle.com/shows/bayarearealestate

📸Follow me on Instagram: https://www.instagram.com/spencerhsure

🧑‍💼 Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu

🛎 Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/c5xkznHLTBh7Yzgi7

🏠💲 Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMW

--

My Background: Born and raised in the Bay Area, I spent 11 years as Technology Sales Manager before becoming a Realtor. Having personally invested and done renovations through house flips in the Bay Area, I wanted to help busy professionals in the Bay Area tech industry find their dream home by leveraging tech, data and local insights. Our team specializes in creating trusted frameworks of buying, selling, and investing in the Bay Area. In 2022, we are thrilled to share that we have helped 80 clients in the Bay Area with their moves, which positions our team as the Top 1% groups in the country. Looking forward to helping you into your next home and save/earn you more money!

Spencer Hsu, MBA, Realtor

Spencer@SpencerHsu.com

408-547-4590

EXP Realty DRE #02077253

https://www.homesbyspencerhsu.com/

#BayAreaRealEstate

Episoder(362)

Purchase Mortgage Market Sees its Best Days | Bay Area Real Estate Market Report April 16, 2021

Purchase Mortgage Market Sees its Best Days | Bay Area Real Estate Market Report April 16, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.Topics covered for the week:Intro (0:00)Every major Bay Area city has seen home values go up in the pandemic. Except for oneBig NYC investors grab Fremont buildings with life science tenants NetApp will move headquarters to San Jose’s Santana Row The purchase mortgage market is back on top Latest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingTI/edit?usp=sharingSan Mateo County 8:37Santa Clara County 9:18Alameda County 10:59Contra Costa County 11:36San Francisco County: 12:57Marin County: 13:54🗓 Want to schedule a time for a free consultation? Find a time that works for you!  https://www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/ 🎙️Listen to my podcast: https://bit.ly/3bJx88 📸Follow me on Instagram: https://www.instagram.com/bayareatech...🧑‍💼Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu/ 🛎Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. 50 families have been helped in the last 15 months which positions me as a Top 1% Realtor. Looking forward to help you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

16 Apr 202116min

Why Should YOU Sell in Today's Market?

Why Should YOU Sell in Today's Market?

It's a sellers market and your chance to take advantage of high buyer confidence is now, ESPECIALLY if you are living in the Bay Area currently. Homes are pushing record prices even as interest rates are rising! However, what does this all mean for sellers and if the market is so 🔥 then why move? Listen to my advice where I answer all of your questions here during today's video.If you are considering the move and ready to make the jump, reach out to me to talk about the process using one of the contact methods below, I'm always here to help!🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor​​🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/​​🎙️Listen to my podcast: https://bit.ly/3bJx88​​📸Follow me on Instagram: https://www.instagram.com/bayareatech​​...🧑‍💼Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu/​​🛎Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/2Fvk41fbD6kiRtHt5​🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMW​​Born and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. 50 families have been helped in the last 15 months which positions me as a Top 1% Realtor. Looking forward to help you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253​​#BayAreaRealEstate​​ #TechRealtor​

13 Apr 20212min

Millions Projected to Enter the Housing Market | Bay Area Real Estate Market Report April 9, 2021

Millions Projected to Enter the Housing Market | Bay Area Real Estate Market Report April 9, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.Topics covered for the week:Intro (0:00)Millions will enter housing market in 2021: Zillow (1:20) Waymo seeking more San Francisco office space - San Francisco Business Times (2:27) Tech, life sciences bolster commercial market in Bay Area (3:27) Real estate: Big investors grab Symantec Mountain View buildings (4:50)/ The State of Rental Real Estate in SF: Ziprent And The Rent Decline Reversal (5:48) CFPB proposes foreclosure ban until 2022 (8:09) These are the most competitive housing markets in the US (10:57) Latest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingTI/edit?usp=sharingSan Mateo County 13:32Santa Clara County 14:56Alameda County 15:50Contra Costa County 17:16San Francisco: 17:37🗓 Want to schedule a time for a free consultation? Find a time that works for you!  https://www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/ 🎙️Listen to my podcast: https://bit.ly/3bJx88 📸Follow me on Instagram: https://www.instagram.com/bayareatech...🧑‍💼Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu/ 🛎Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. 50 families have been helped in the last 15 months which positions me as a Top 1% Realtor. Looking forward to help you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

9 Apr 202119min

GOOGLE IS BACK THIS MONTH! | Bay Area Real Estate Market Report April 2, 2021

GOOGLE IS BACK THIS MONTH! | Bay Area Real Estate Market Report April 2, 2021

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2 Apr 202115min

No signs of exodus here! Google invests $1 billion | Bay Area Real Estate Market Report March 26, 2021

No signs of exodus here! Google invests $1 billion | Bay Area Real Estate Market Report March 26, 2021

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26 Mar 202117min

A SURGE in the Bay! COVID eases down | Bay Area Real Estate Market Report March 19, 2021

A SURGE in the Bay! COVID eases down | Bay Area Real Estate Market Report March 19, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area RealEvery week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.Topics covered for the week:Intro (0:00) The Bay Area real estate surge is back as COVID eases (0:27) Google to invest $7 billion in bet on post-pandemic office (1:17)https://www.wsj.com/articles/google-invests-7-billion-across-u-s-as-it-bets-on-the-post-p andemic-office-11616069081?st=kpm2q5wd3seflq0&reflink=article_email_share   Real estate: Bay Area hotels in bankruptcy go on auction block (3:06) San Francisco office buildings are full of vacancies (4:11) Amazon Web Services to leave University Circle office in East Palo Alto (5:55) UWM releases jumbo product to frazzled brokers (6:52)  Homebuilders are slowing production despite wild demand (8:16)Latest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingTI/edit?usp=sharing10:41 San Mateo County11:29  Santa Clara County13:24 Alameda County13:49 Contra Costa County14:44 San Francisco 15:50 Marin County🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/​🎙️Listen to my podcast: https://bit.ly/3bJx88​📸Follow me on Instagram: https://bit.ly/2YpPQNJ🧑‍💼Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu/​🛎Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. $41M+ YTD in happy transactions!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

19 Mar 202118min

Why 2021 will be a record year for Bay Area Real Estate!

Why 2021 will be a record year for Bay Area Real Estate!

2021 is looking to be THE year for Bay Area real estate. With January 2021 home sales exceeding goals and at their highest since 2009, we'll find out just why that is. The well paid engineers and tech professionals known to live in the area are now looking to invest long term as their future immigration status has a secure outlook with a new change in presidency. Combining that with IPOS, SPAC lockouts and a whopping $1.9 trillion stimulus plan in the works, people are looking to real estate as their prime investment opportunity! Continue watching as I talk numbers, results and tips!🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/​🎙️Listen to my podcast: https://bit.ly/3bJx88​📸Follow me on Instagram: https://bit.ly/2YpPQNJ🧑‍💼Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu/​🛎Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. $41M+ YTD in happy transactions!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

19 Mar 20213min

San Francisco’s Second Largest Sale EVER! | Bay Area Real Estate Market Report March 12, 2021

San Francisco’s Second Largest Sale EVER! | Bay Area Real Estate Market Report March 12, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area RealEvery week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.Topics covered for the week:Intro (0:00) Dropbox headquarters selling for $1.08 billion in San Francisco's second-largest sale ever (:01) Top 10 US Biopharma Clusters (1:49) COVID: East Bay Town Of Mountain House Sees Pandemic Real Estate Boom (4:30) Spring housing market forecast: record purchase volume(6:30)  Latest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingTI/edit?usp=sharing10:02 San Mateo County13:25  Santa Clara County14:45 Alameda County15:10 Contra Costa County15:50 San Francisco 🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/​🎙️Listen to my podcast: https://bit.ly/3bJx88​📸Follow me on Instagram: https://bit.ly/2YpPQNJ🧑‍💼Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu/​🛎Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. $41M+ YTD in happy transactions!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

12 Mar 202119min

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