New Builds - Actually a Good Deal right now...??

[Jake Andronico]

I never thought I'd be looking at new builds as one of the top prospects for a rental property for my clients, but after running our analysis on the entire single family market in Northern Nevada, they actually stick out...

But, why? 

With one developer in particular - not only have prices come down (pretty significantly), but interest rates have too. 

They currently have some of the best interest rate offerings, with investor interest rates in the 5's....

Prices and interest rates are typically inversely related, ESPECIALLY on brand new inventory. But, one of the main different about home builders compared to normal owners/sellers is that they HAVE to move new inventory no matter the economic conditions. 

Typical sellers may not NEED to sell, but WANT to (for the right price). 

Has anyone else seen new builds currently look more attractive in your market?