Quote:
Originally Posted by margaretmattson
This is the only place that new homes are cheaper than re-sales. From personal experience, 70% over cost after 3 years is to be expected.
Preowned homes are more expensive because they have $25,000 or more to pay in closing costs. This gets added to the asking price.
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Nothing posted here is factually correct. A small percentage of new homes in less desirable areas are cheaper than existing homes.
We almost bought a fairly new preowned home 24 months ago and the closing costs were going to be around $2000. We ended up buying new but nothing related to closing costs, we still had to pay some fees to buy our new home.