When looking for a home, you can choose between existing homes (those that are already built and previously owned) and newly constructed ones. Many homebuyers exclude newly built homes from their search because it may seem out of reach. While you have more homes to choose from in either category, there’s one extra benefit of newly built homes. Because the inventory of newly built homes has grown so much, builders are motivated to sell their properties before they build more. This gives you, as the buyer, more negotiation power.