Quote:
Originally Posted by Lottoguy
Location is the key. Look at the map and make that decision. I feel it will take at least five years before any large gains can be made off a new home right now.
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Good advice. The myth that you can sell a new home in one year and make a sizeable profit is just a MYTH. Yes, some homeowners are able to do this. Many are seasoned investors who know what they are doing or have buyers in their pocket before purchasing a home. An average homeowner should be cautious and research thoroughly before buying. It may take longer for an Average Joe to see a sizeable gain.