Are you thinking about a move but not quite ready? Love the model home at one of the major builders in Northern Virginia? What many buyers don’t know is builder’s often sell their model homes prior to the neighborhood being finished and lease them back at competitive market rates until they are ready to close out the neighborhood.
Since our team sells a good number of new homes we receive announcements of the model home sales on a regular basis. This week we received a notice that Ryan Homes is selling the fully loaded Courtland Gate model at the West Hampton Village in Stafford County.
The home has over 4800 SF with 4 Bedrooms and 4.5 Baths. You can imagine it is loaded with every bell and whistle you can think of. The home is priced at $509,000. The builder will lease back the property for $3,600 a month for 12 months.
The caveat with buying a builders model is checking with the lender on whether you can buy the property with an owner-occupant loan versus an investor loan. You can not use VA to buy a property you will not occupy as your primary residence a year into the future. There may be a slightly higher interest rate for an investor loan versus owner occupied. However with today’s interest rates the difference may still allow you to be in a positive cash flow position.
This is just one example of a builder’s model for sale and the possibility to buy a home at today’s price and interest rates for a future place to call home.
If you are interested in learning more about the home for sale in the West Hampton Village or more information on buying new construction give CJ Realty Group a call. Our team has over 25 years experience in selling new construction in Northern Virginia.