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Answers (10)
- Carole Tyne, "Carole Tyne"
- Contributions:142
As said, your best interests are only serviced if you bring your Realtor with you. They can help you explore all your purchasing options for the area you want to buy in. New vs resale you will pay more for yet New does come with a home warranty. Any problems that arise are usually covered. Yet with new there are additional expenses ie landscaping, window treatments, pool, etc.
You can though have unknown expenses with a resale including bank owned, short sale, flip, or traditional. Especially it the home sat vacant though a summer.
Best Wishes to you!
- John King, "John_King"
- Contributions:425
It really depends on the area... Here in San Antonio, the same floor plan, by the same builder, but 10 minutes apart.... Has a $70,000 base price difference due solely to the neighborhood. Have a buyers agent do some analysis for you. The results will be well worth the effort.
- Michael Emery, "MikeEmery"
- Contributions:7298
I agree with Roberto
When you consider the cost of purchasing an existing home (that is in foreclosure and therefore has a depressed market value) will probably be significantly less than buying new construction on the same block, why would you buy new?
Of course when you buy new the home is built to your near exact specifications with the fit and finish you desire. But since the question was a financially framed question, my guess is the buyer is looking for a great deal. The great deal is going to be in a foreclosed home.
When you consider the cost of purchasing an existing home (that is in foreclosure and therefore has a depressed market value) will probably be significantly less than buying new construction on the same block, why would you buy new?
Of course when you buy new the home is built to your near exact specifications with the fit and finish you desire. But since the question was a financially framed question, my guess is the buyer is looking for a great deal. The great deal is going to be in a foreclosed home.
- Spirit Messingham, "TucsonSpirit"
- Contributions:663
Yikes Roberto. To Cmrbluedog, talk with a local Realtor. Make sure to take them with you BEFORE you even visit the site. New builders are notorious for trying to get walk-ins to buy with no representation (that is a whole other conversation).
Talk with a local Realtor, ask for referrals and they can show you comps for not only new builds but also other opportunities. I would encourage you to look at REOs and general listings as well, there are a lot of properties out there and we are in a buyers market.
Best of luck.
Talk with a local Realtor, ask for referrals and they can show you comps for not only new builds but also other opportunities. I would encourage you to look at REOs and general listings as well, there are a lot of properties out there and we are in a buyers market.
Best of luck.
YOU might wonder. But nobody who can read would, since I clearly advised considering another purchase option in the exact same area the poster asked about...
- Randy Hooker, "GoingForIt"
- Contributions:395
Gotta love it. I wonder, Rob, if your comment might be construed as 'steering' by a Federal Fair Housing investigator?
Litchfield park? the area is flooded with foreclosures, why would you buy a new home? is that new home smell worth the HUGE price drop it takes the second you get the keys???
Buy a foreclosure, re carpet and repaint...
Buy a foreclosure, re carpet and repaint...
- Randy Hooker, "GoingForIt"
- Contributions:395
Pricing homes on a per-square-foot basis is a waste of time and a totally erroneous approach. No offense, but you have to evaluate the property's overall features/upgrades, size, lot size, location, etc. For your best results, contact a local real estate agent who can consult with you on a more accurate and comprehensive comparative market analysis of the property you're considering. Don't take any wooden nickels or short cuts. ;-)
- Loren Hoboy, "ArizonaDreamHomes"
- Contributions:77
Are you looking in ARROYO MOUNTAIN ESTATES (if not let me know)? . The last two sold for $100 and $103 per sqft., but that does not tell you what upgrades were included or how much they contributed to closing cost, the size of the lot, did it have a pool. You should use a Buyer's agent to aid in negotiations and ask these questions. The list price is not the price you will normally pay. The selling/builder's agent does not work for you. Begin represented by an experienced Buyers agent can literally save you thousands if done right. Let me know if I can provide any further information.
- Daniel Reynolds, "Broker Executives"
- Contributions:355
Our records indicate the average P/sqft is currently $47. However, a new home can't always go by this number.
Our statistics
Our statistics
What should I be paying per sq ft for purchasing new home being built by shea homes in litchfield
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