January 26th, 2024 12:58 PM by Linda Holley
I'm currently working with a buyer who is looking for a single family home in Manatee County. We started looking at resales from $350-$450k but now we are shopping for new homes. Why?
There are at least 20 builders in Parrish that provide community pools in that price range. What's a buyer to do when faced with future costs of replacing appliances, flooring, roof, and HVAC? They buy new construction because there are many buyer incentives from reduction in price to a lower interest rate. With insurance companies as picky as they are today about the age and condition of homes in Florida, new construction is making more sense.
If you have a home to sell today, understand that you're competing with new construction. Consider offering an incentive to buy down the interest rate, price your home competitively, and offer a home warranty. One good way to attract a buyer is to reduce the price immediately after they have seen it!
I have sold many new homes, so call Linda Holley (first) if you'd like more info on new home communities on Florida's west coast. If you go in a new community without me, I can't help you with negotiating, inspections, or knowing how to terminate the contract if things aren't looking good. I cover all of this in my book, Failure to Disclose - A Double-Edged Sword, available on Amazon.
Most sincerely yours,
Linda
Linda Holley, Realtor, GRI, SRES, CIPS, Fine Properties, Sarasota, FL, 941-914-4914 www.LindaHRealtor.com
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