[Barefoot]

Originally Posted by kstew43

maybe resales are not selling is because they are priced higher than new....
I know the location story, been done to death, location is a matter of opinion...
but apples to apples, a new home is more desired than a resale, and if its priced lower, there is really no question....why would I buy old vs buy brand new...
if you want to compete with the developer, price your home slightly less than the new homes to get more interest....

Sorry Kstew, but this simply isn't true.
Location will always be the most important factor in selecting a home.
Many people do NOT feel that a new home is more desired than a resale.
View lots are less expensive when purchasing a resale than buying a new home.
Resales have many additional features (landscaping, solar tubes, ladders to the attic, birdcages, summer kitchens, pools, hot tubs, etc.) that new homes don't have.
These additional features may well bring the market value over the price of a new construction.
Many people want to live in a mature, developed area with lots of stores and restaurants.
They don't want to live in a dust bowl while construction is completed.
Personally, we would always chose a resale over new because we want to live mid Villages on a view lot.
Each to his own, there is no one "right" answer.