Re: Real Estate Prices with excess supply
What I have noticed in some of the resales here in TV is the homes do not have any, or if any, very little in upgrades and yet they are listed for $50,000 to $75,000 over what they originally paid a few years ago. From what people have previously quoted for what they paid for upgrades on their landscaping, in their lanai's, etc. it would be more advantageous to purchase a newly constructed home and do your own upgrades. The only drawback is the exorbitant bond cost in the newer areas.
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NY, FL.
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