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Old 10-14-2007, 02:29 PM
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JohnN JohnN is offline
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Default Re: Real Estate Prices with excess supply

I plan to look at resales, but all things equal (and adjusting for upgrades and bonds) I'd take a new home. That way I can personalize it to my tastes, not someone elses, plus the roof and HVAC are not already a few years old. New CBS villas are about $180 (plus bond) while resales are seldom below $200K (and while a lower bond, most still have some bond due).
The fact that the realtor wants 6% doesn't mean that's included in the resale markup.

I think the resales are somewhat overpriced. Regardless, it's a business decision to me, my wife can handle the emotional decision part of it all. Just my opinions from the buyer side.