The Price of Your Home is Guaranteed with Sterling!
Here at Sterling Homes, we understand that sometimes buying a new home can be a stressful process. That’s why we like to ensure there are no surprises here. When you buy with us, once the purchase agreement is accepted by Sterling Homes we’ll guarantee the price of your home.
Once you sign a real estate contract, your price is set in stone. Right? Depending on the builder, this isn’t always true. Some builders add what is known as an escalation clause to their contracts to protect themselves against any unforeseen spikes in the cost of building materials between contract signing and closing.
We don’t want that for our clients. As you work on the budget for your new home, we want to make sure you can stay on track. We guarantee the price of your home at the time of contract.
Why The Price Of Your Home Is Guaranteed
Because we care about our customers, at Sterling we provide homebuyers with a fixed-price contract. This means there will be no escalations in the price you pay during the build. We’ll assume all the risk of bringing the project in at the right price, so you’ll never have to worry about it.
If the unexpected does happen and the project comes in over budget, we’ll absorb those costs.
What Are The Benefits For New Home Buyers?
Aside from the benefits we’ve already mentioned, such as being able to accurately budget for purchasing your home without having to worry about overall costs increasing, there are several other benefits to a fixed-price contract that can save you time, money and a lot of stress, including…
Future-Proofing Your Home Purchase
Home prices have been rising rapidly in the last few years, in part due to increased demand and historically low interest rates, and this trend looks set to continue, with experts predicting anywhere from a 1.9% – 16% rise in 2022. Of course, it’s impossible to ever fully predict the future, but by ‘locking in’ your purchase price now you can protect your budget no matter which way the market goes.
Related Article: Edmonton Housing Market Predictions for 2022
Protect Yourself Against Uncertainty
As the last couple of years have shown us, you can never tell what sort of disruptions could be just around the corner. The COVID-19 crisis, and its associated supply chain issues, have affected the housing market in a variety of ways. This includes things like the lumber shortages to a surge in demand for more homes in suburban areas as people shift to working from home, to worker shortages in all areas.
While you can’t insulate yourself from any time delays that may affect your home build, you can at least play it safe when it comes to the price you pay.
Start Building Equity Immediately
Another benefit of a fixed-price contract is that once you sign the purchase agreement, you’re already building equity – before you even move in! As inflation rises, the cost of your home stays the same so by the time construction is finished and you begin to move in, you’re already ahead.
And the sooner you can start building equity, the closer you are to getting your mortgage paid off forever. You can even use the equity you’ll eventually build up to take out a Home Equity Line Of Credit, giving you a big cash float for a renovation, a new car, or even as a down payment towards a second home.
By building your home with Sterling, you can eliminate all sorts of uncertainty, and save yourself a lot of money on your home purchase. We’re dedicated to making the home buying process as safe and simple as possible for our customers, so you know you’re in the right hands when you buy from us. Give us a call and speak to one of our Area Managers today to find out how you can get started.
Photo credits: depositphotos.com
About the Author:
At Sterling Homes, our mission is to provide the opportunity for affordable homeownership without compromise. Over the last 70 years, Sterling Edmonton has quickly become one of Edmonton’s most popular builders. We bring more than seven decades worth of exceptional customer service, superior design and unparalleled craftsmanship to the greater Edmonton area. As a member of the Qualico Group, Sterling Homes focuses on greater Edmonton’s finest family communities, while being able to offer some of the region’s most family friendly prices thanks to volume purchasing power for materials, trades and land. This has not only made Sterling one of Edmonton’s bestselling, move-up builders, but also one of the industry’s most respected home providers. It is through our uncompromising commitment to our customers that we proudly deliver the Sterling Advantage – that’s why each and every home we build includes a 10-year home warranty, a completion guarantee and new home warranty excellence rating. Our Advantage is our pledge that, when you build your dream home with Sterling, we will deliver a timely, well-built home you’re sure to enjoy for years to come.
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