Quote:
Originally Posted by margaretmattson
With the high bonds attached to the new homes, are they really cheaper than preowned? Is it just a clever marketing tool the Developer uses to convince buyers to purchase new?
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not all preowned has the bond paid off, and I would say that a very large proportion of houses south of 44 being less than 10 years old, does not have the bond paid off. Given that most houses are very similar in size, and in the same general area, bonds aren't the cause of the resale versus new for the ex bond sales price:
This reminds me of the two different types of sales psychology from biz school:
Type A: These people don't wear shoes -> brand new market!
Type B: These people already wear shoes -> lots of upsell potential!
There are probably more "B" type customers than "A" type customers, and it tis getting to be the snow bird season where people like my wife and I came down in Dec for our annual Dec vacation, having never heard of TV, and ended up with a lot for a designer house with nothing but dirt and swamp for miles. (We would be in the A category)
But this board is full of
