Quote:
Originally Posted by margaretmattson
This is a cautionary market. Home prices for both new and preowned are all over the place. I advised my daughter to watch what summer brings. Lake Denham and Dabney sales remain slow.The Developer will have to do something to get those homes sold. If prices fall further, she can take advantage.
The bond prices are an issue she is giving close attention. Right now, a preowned is looking much sweeter than a new with a $50-80 thousand bond. She would rather spend that money remodeling an older home to suit her taste than carrying a 30 yr bond fee that gives her no benefit. A home between the 66's is her desired location.
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Preowned home prices are still way above market. I like your daughter would prefer a preowned when weighing them you will have to pay 100k more than new for same homes. Sorting through roof ages and flooring costs it is much to consider also.