Many of the big announcements haven't been completed yet or still under construction. 

I used a construction loan.4.

That to me is the simplest deal structure and the least "risk to you" as you aren't waiting for the final home to complete to be paid, as I understand it most construction loans close on the "dirt" up front....although like everything in real estate its infinitely negotiable and changeable.  

The investors that I work with in your situation like the option of going with New Construction, because there is less maintenance and surprises.  

I also liked the fact that it was structurally sound with concrete block construction, a tile roof, and high elevation.

You can buy new construction for low maintenance and use a property management company to rent out out the property.

In this episode of 'Ask the Expert,' I dive into why multifamily properties, especially new construction triplexes, often come out ahead.Here’s the breakdown:Cost Efficiency: Building a single-family home requires one $25,000 slab.

Quote from @Donald Hatter: I would buy a $400,000 new construction home which could appraise for $430,000 to $450,000. 

And your Realtor would know more about what’s typical with new construction in your State, but I feel they should be fighting for your interests, and be the one having the conversation with the sales rep about a reasonable amount for the earnest money deposit, on your behalf.Glad you haven’t signed anything yet and hope you manage to come to terms that work for you.Keep us posted!

Nearby new build 3/2 SFRs start in the mid-200's, and there's a lot under construction.