It may surprise you that of the 4,800 homes sold during the first five months of 2011 in the Coachella Valley, only 160 were new construction homes. Do you think price and value had anything to do with these stats?
There are a few communities we identified where new homes are still a good value. Some developers are still able to compete with resale prices and I’m happy to share that information with you. But, in general, we continue to find resale homes and condos to be a better value than newly constructed homes in today’s real estate market.
New Homes Usually Optioned To The Max
In a resale home what you see is usually what you get. All the options and upgrades that the original buyer invested in are usually included. In contrast, new model homes are often optioned to the max and many features are considered extras and not included in the base price of the newly built homes. So, If you choose a new home, you’ll want to be sure that all options and potential extras are spelled out in writing and broken down line by line. My team and I have helped buyers in a number of new home communities at no charge since the seller handles our service fee.
Helping You Discover A Great Home Value
Consider myself and my team as part real estate guide, part number cruncher and part negotiator. We combine these skills on a daily basis to help our buyers discover great values. My team and I view hundreds of homes in dozens of golf and country club communities and non-golf communities every year and we stay up to date on changing home and condo inventory throughout the desert. In short, our job is to help you discover a great value.
Please don’t hesitate to contact me when the time is right – even if you have a simple real estate question.