new builds: Buying in at negative equity… - 01/09/16 05:33 AM
One of the things that a buyer has to watch out for, especially with new build houses, is whether or not they are buying in at too great of a negative equity position. Builders always seem to price a little higher than the sold price averages of existing homes in the current market would dictate. Some of that is attributable to the “new factor”. Everything is new, so there should be little in the way of maintenance or update costs for several years. That certainly justifies a premium of some sort; but, it is that premium that is contributing to the … (0 comments)

new builds: Finding hope a little bit at a time... - 01/09/11 11:01 PM
I read all of the articles about this Federal agency or that making predictions about how things are getting better (or at least that they hope that they will soon). I also get the NAR cheerleading news - "really the dust on the horizon is the cavalry and not more Indians." But what I really look for are local signs that things are changing for the better.
I'm starting to see a few local indications that things might be better in 2011. We had 11 local new-build developments in my home township going into the recession, some very small and a … (2 comments)

 
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Norm Werner

Helping the first time and every time

Milford, MI

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Real Estate One

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