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When to Move in a New Home?
When to Move in a New Home?
When to Move in a New Home?
When to Move in a New Home?
When to Move in a New Home?
When to Move in a New Home?

When to Move in a New Home?

Listing Updated:2022-11-08 22:28:23

A lot of people are wondering if buying a house in New York can move in with a bag? Existing Existing Homes can meet your wishes! But in fact, there are still many off-plan under construction in New York, which need to wait until it is completed before moving in.

 

Today, Mei Wo will explain to you what the check-in time depends on.

 

-01-

Under Construction

Under Construction, also known as off-plan, refers to the pre-sale of unfinished real estate development projects, buying pre-sale is also known as buying off-the-plan.

 

According to the construction process of the project, some buildings will provide model rooms of different types, ranging from built-in design to furniture and appliances. Buyers can refer to the style and layout of the show unit to get a general idea of the apartment they are interested in.

Some new buildings will start pre-sale before the official ground breaking. Usually, such buildings only have foundations. Buyers can purchase their favorite properties according to the floor plan (family plan). . Some developers will also set up a sales gallery (sales center) to show buyers the overview of the building in the form of PPT.

 

Some off-the-plan properties are price cheaper than existing homes, but the specific situation depends on market trends. Because it is the first batch of buyers, you can priority in terms of floor, unit type, orientation, etc. But there are also some risks, such as delays in the delivery time.

 

-02-

Move-in Immediately

Move-in Immediately, also known as the existing house, refers to a building that has obtained a use license and relevant certificates, and has completed the procedures. This type of building usually has roomsfinished.

 

Finished room means the floors, walls, bathrooms, etc. have been renovated and equipped with a refrigerator , oven, microwave, dishwasher, room washing and drying, and some with smart home system.

 

Some buildings amenities are under construction, such as gym, rooftop, garage, etc. In this case, buyers can move in first and typically 6-8 months to enjoy full facilities.

 

The biggest advantage of buying an existing home is that it is intuitive.Compared to only seeing the floor plan, offline viewing can really feel the use strong>Material sense, indoor noise reduction function, room lighting and view, and also understand the environment of the community where the building is located >, more realistic.

-03-

Lending time

Buying a house with a loan is a bit more troublesome than you think. The whole process takes 1-3 months, so buyers must reserve a loan time.

 

Before buying a house, you need to get the bank's Pre-approval letter, that is, the loan pre-approval, which generally takes 1-3 working days. The bank or loan company will consider tax records, income, credit scores and other assets, etc. Determine the total loan amount you can afford.

 

After the sale and purchase contract takes effect, the buyer will consider the conditions and interest rates of the bank or the loan company, and choose the relatively optimal one to apply for a loan and wait for approval,

 

During this period, the bank or loan company will ask a appraiser to give a house appraisal, usually 30-90 working days to confirm the loan. Buying a newly built home can wait until the developer issues a transfer notice before applying for a loan.

*Choose the full payment to buy a house, you can skip the above steps*

 

-04-

Inspect the house

 

Finally, there is the process of home inspection. New Construction usually needs to contact the developer for home inspection 2-3 weeks before the transfer. In this way, you can confirm the state of the house and whether the various equipment functions are in good condition.