Like a coin, most every story has two sides to it. When it comes to buying and selling a home we see a lot of coinage. The examples are endless so I will stick with just one.
To MOST people the word new means just purchased. In Real Estate it can mean any number of things. Often it depends on who is saying it, Buyer, Seller, Appraiser or Real Estate Agent. Here are the meanings.
1) Just Purchased and still in the box.
2) Purchased at the time of listing and installed.
3) New this past year.
4) New in the box, purchased 15 years ago, stored in a clean dry place.
Other examples may be:
1) New Roof in 2020, 16 years warranty left.
2) New plumping, up graded when we purchased the house in 2018.
3) New electrical panel (1800's wiring still in place).
If you have a example of something described as NEW that we may find amusing please share it in a comment.
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