Re: Real Estate Prices with excess supply
Hi Darbyduff,
Just spoke with a colleague who is moving to TV within the month (or so). Like you, he will be purchasing a new build from the developer. He had his Realtor, in fact Realtors, show him many resales. He checked out both VLS and MLS and determined that the resales were currently very overpriced due to the discounts being offered by the developer. Until those with houses to sell price them to market conditions, they will have strangers marching through their homes for quite a long time only to see the buyers doing what you did.....BUYING NEW.
So happy for you that things have worked out better than you could have expected. Now I can't sign off without commenting on that great Broncos' victory yesterday. How exciting! Even the television play-by-play crew said that they wouldn't be able to get the kick off in time....wrong! Jason still has the leg. Lodo must have been hopping last night....spent way to many evenings down there. Take care.
|