New condo is better than resaleI recently heard that buying a NEW condo, NOT a resale or short sale or foreclosed home is more beneficially because of 1. You get a warranty on the construction for up to 10 years, 4 years for electrical, plumbing, sewer. And a yr or 2 on cabinets and counters. 2. You are able to get closing costs, pre paid HOA fees, AND your interest rate bought down for 30yrs fixed!!!! All as incentives to buy. Then #3. the only way to be able to take advantage of the Santa Clara county first time home buyers program (which is a deferred payback, interest for 15YEARS!!!!!) is only offered to new condos. I didn't know the advantages until I visited Jackson Park Condos in San Jose and the sales girl actually sat me down for an hour. Here's the craziest part....I had my Agent with me, who was in complete shock because he had no idea that his pushing me towards short sales was actually a disadvantage to me because when the sales girl had their Loan Lady run numbers for me Based on a short sale home "listed price" (not accepted price by the bank mind you) which was $64,780. less than her 3 bedroom home and threw in the incentives, lower interest rate, closing cost credits, and the deferred first time buyer program, I ACTUALLY WOULD BE PAYING $318.00 LESS a MONTH BUYING a Higher price, brand new appliances, 10 year piece of mind warranty, flooring I actually choose home. So, I am just wondering why no one really knows this?.. And do you people realize buying new stimulates our economy. ???? We put laborers, electricians, plumbers, pipe fitters, sheet rock, carpenters, heavy equipment, window installers, framers, painters, landscapers, etc. Etc etc BACK TO WORK AND OFF UNEMPLOYMENT!!!! So... My closing statement is.... "you pay for what you get!"September 03 2010 - San Jose00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.