Re: real estate deals
Looking at both new and pre-owned is something that most potential buyers should do. The bond just becomes part of the equation. The developer develops and selling new is what goes with the territory and all that entails. The market will bear what the market will bear, no matter if it is the pre-owned market or the new market.
And new or pre-owned is such an individual decision.
Some buyers absolutely prefer new for whatever reason. The appeal of a brand new neighborhood forming is an appeal for many. That is not an issue for me but I do know it can be for others.
Every time I think of brand new homes, I think of a dear lady who lives in my town. She is nearing 90 and has lived in her home for 60+ years. One day I asked her if she and her husband had been the very first owners of the home. -had it been built brand new just for them? She said, "Honey, it sure was. All the dirt is mine."
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Pogo was right.
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