Quote:
Originally Posted by dtennent
Having built in Osceola Hills in 2016 and watched as the rest of the area was built out, I have a great respect for the Developer’s business sense. While many homes were built and sat for many months, he/she controlled the inventory that was available for sale. After a house sat on the market for some period of time (3-4 months???), the price would be discounted 4-5% and the house usually sold quickly. I don’t remember ever seeing a bigger discount than the first one offered.
The designs offered have changed over time which indicates that the Developer is listening. Of course, lots with a rear view are more desirable and are priced accordingly. The Developer will stop building houses when the last house doesn’t sell. Until then, it looks like the market based economy is working well.
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The designs have not changed. Still the same cookie cutter homes built 20+ years ago. What has changed is interior walls were removed between the kitchen/dining/living areas for an open concept. A few other VERY MINOR changes but essentially the same floor plans.
A buyer has a choice to buy a new home with a larger garage and small lawn. Or, an older same model with a large lawn and smaller garage.
Most buyers do not recognize the homes have the same floor plans. I was with a friend and asked him why he wanted to pay $100,000 more for the same model. When I pointed to him the SAMENESS he bought the cheaper.