Quote:
Originally Posted by margaretmattson
Prices are all over the board. If you check the price history of a home, this tells the story. Many homes start with aggressive pricing then get reduced month after month. This is also true with new construction. If you are the first to buy in an area you pay full price. Months later, prices of homes remaining are slashed. In Denham and Dabney nearly 300 homes saw price reductions. Even with the price reductions, homes are still sitting. Will the developer reduce them further? This is one important aspect we would like to see before purchasing.
The theory that only undesirable homes get price reductions is no longer valid. Most are not buying feverishly. Both preowned and new are sitting on the market for months. This means prices eventually fall on most homes. We are waiting to see what the end of summer brings. Taking a FEW MONTHS to evaluate is not a big deal. Plenty of other things to keep us occupied. Right now, we are enjoying those.
Note: If you find a home where the seller is holding stubbornly to the price, check the price history. Look at the price the seller bought then add closing costs he will need to pay. Many cannot reduce the price without suffering a loss.
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We were lucky to sell our last home in the Villages for a good profit. We are currently renting and waiting until the end of September. This is a strange market! No telling what is going to happen.