Estimated read time: 4-5 minutes
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
After witnessing a turbulent housing market for the past few years, many potential buyers may be wondering if 2023 will finally be the year their home-owning dreams come true. Luckily, steadying prices and lowered interest rates may be on the horizon.
According to Norada Real Estate Investments, "Some experts expect prices to decline in 2023, depending on what happens with interest rates in 2023."
As for rates, Christy Bieber of The Motley Fool believes you shouldn't wait too long to see what happens.
"Rates remain reasonable by historical standards and if you buy this year, you can always refinance if they happen to go down in the future," Bieber writes. "If they keep going up, on the other hand, you don't want to find yourself lamenting the fact you could have gotten a better deal in 2023 when you had the chance."
Why new construction
As you might suspect, new construction provides several benefits over older homes. They're in great condition, they're more energy-efficient and you likely won't have to worry about any underlying issues. They're also customizable.
Since a home is likely one of the biggest investments you'll ever make, don't just buy any old house on the market. Invest in something high-quality. And, if you want a home that's built to last, there are several reasons why Ivory Homes should be at the top of your list.
Ivory Homes builds quality homes and takes care of their customers
Providing customers with the best building experience and highest quality homes on the market is Ivory Homes' number one priority. It is their mission "to build quality homes with lasting value, year after year, producing happy customers who buy again and refer others to Ivory."
Taking care of customers during and after building their dream home has led to many second, third and fourth-time Ivory home buyers. Ivory Homes customers have consistently rated their satisfaction at 90% or higher for more than 20 years.
The best measure of customer satisfaction and quality is the company's track record of leading the Utah market for now 35 consecutive years and building more than 25,000 homes in the process. Without a quality product and happy customers, this would never be possible.
Ivory Homes has a robust quality control process
One reason why Ivory Homes has a long history of satisfied customers is that they'll do everything in their power to ensure that they're satisfied with your purchase. That begins with a thorough quality control process.
The Ivory Homes quality control process includes management inspections, working with exceptional subcontractors and suppliers and several onsite meetings with customers during the construction process. It also includes a walk-through before closing to identify issues that should be resolved and discuss the warranty process.
Ivory Homes has recently instituted a process to help homeowners quickly resolve warranty issues in the first two months after closing by working directly with the superintendent who helped build their home. Should an issue arise, Ivory Homes actively works with homebuyers and their team to rectify the situation and ensure it's an isolated event.
Ivory has one of the best warranties in the industry
The Ivory Homes limited warranty provides one-year coverage for materials and workmanship, two years of coverage for mechanical, electrical and plumbing systems and 10 years of coverage for structural elements. This is above and beyond what state law requires, and one of the best-limited warranties in the market.
Upon purchase of a new home, Ivory Homes provides home buyers with a warranty handbook that describes the applicable construction standards and precise coverage provided.
Homes that last, deals that don't
If buying a new, quality home in 2023 is on your to-do list, you'll want to act sooner rather than later. These properties are going fast! You can also take advantage of current deals and incentives that will make the homebuying process easier and more cost-effective.
Momentum Loans is Ivory's preffered lender, and that's for good reason. They're currently offering interest rates as low as 4.875 on select homes. If those homes aren't a good fit for your family, you can check out one of the other homes with incentives ranging from 2-5%. You can also use this incentive to permanently or temporarily buy down your interest rate, pay closing costs, or both.
With the Ivory Homes Smart Move Guarantee, you can buy a new home at a reduced rate even if you aren't ready to sell your existing home. Ivory Homes will help you sell your old home or manage the rental process for up to three years if you're not quite ready to sell. You'll also receive a 2.5–3% commission refund to use for your down payment, closing costs or even cashback.
2023 is going to be amazing. Especially if you move into a new Ivory Home, because there's no home like Ivory. To find out more about the Smart Move Guarantee, special rates, or to browse the current inventory of Ivory Homes near you, visit ivoryhomes.com or stop by a model home today.
