I do get asked the question a lot whether a new home is a good deal or is resale the best rout to go. The answer to this is based off individual needs but when it comes down to just price a resale home normally wins out. This is not the case when it comes to the pricing of the new condo subdivision Lee's Commons being built in Old Town Manassas. The current pricing on these units are very aggressive and are just priced slightly above Foreclosures, REO's and short sales in the area.

Ryan Homes the builder of these condos have not sold many units lately and that is what I believe the reason for the aggressive pricing. I believe the lack of sales has to do with the simple fact they do not have a model on site yet. This will change soon since the model should be done and decorated by the start of next year. I of course recommend before stopping in to any new builder sales office to employee a Realtor to go with you. There are many reasons why a buyer should have an agent and they can be found in this article, Negotiating with New Home Builders in Northern Virginia.

The resale value should remain strong on these units in the future due to the fact of all that Old Town Manassas has to offer. Those commuters that do not want to fight traffic have the VRE within walking distance to these condos. There are also plenty of attractions and restaurants that are within walking distance which makes it attractive to those who want to save on gas. The popularity of True walkable Communities have increased of the past few years and will continue to do so, For more information on the Old Town Manassas area take a look at this article, Relocation information on Manassas Va.

Those buyers looking for a good value on a new condo should consider the Lee's Commons community. Please contact me if you need to employ an agent to help negotiate and understand the pitfalls of the builder's sales contract. Remember the builder will pay the agents commission.

To search the MLS for a home please click, Search The MLS.

For a free market report on listings and sales in any neighborhood in the DC Metro area with no sales calls from an agent, sign up here MLS Market Snapshot.

Joey Remondino is a full time Realtor and Broker Specializing in residential homes in Northern Virginia including Prince William, Fairfax, and Fauquier Counties. Trained and experienced expert in Relocation, Short Sales, REO's, foreclosures, investments, and any other residential real estate. Joey can guide you through the home buying or selling process.