New Build Nightmare - When To Negotiate And When To Walk Away!
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- čas přidán 2. 01. 2024
- It's time to unpack the game-changing dynamics of new builds and explore why sometimes they're worth the extra investment - and sometimes they absolutely are not. Discover the times when a new build gives you a real strategic advantage over a less expensive inventory home. Negotiating new builds can be a challenge, and we're here to spill the secrets on navigating this terrain. From understanding the nuances compared to inventory homes to unlocking effective negotiation strategies, we've got you covered. Hop aboard for a deep dive into the art of strategically buying new builds-because in real estate, knowledge is power, and we're here to empower you!
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Thank you so much. I’m so glad to hear it!
I am in Austin but finding your content really great and insightful!
Thank you! I love hearing that!
Great vid Wendy. Very informative.
Thanks! There are so many ideas that come just from being in the thick of things day in and day out. This video is inspired from a family who just ordered a new build in Celina! 🙃🏡
Always good information. How much of price reduction should people expect on inventory homes in terms of percentage. Like on an average.
I would say probably at least 10% and many times much more. There are a lot of variables though…for example, with a new build you pick your own lot, so how much was the lot premium? Or how much was spent on upgrades? Everything adds up so much with the new builds!
I restarted my home search in the hopes that I can get a good size ( 3400 sqft plus) home with good school district ( prosper or frisco). All the new builds have low inventory or spec homes and the prices are still high, north around high 800K to 1.2 mil. mind boggling prices on high property tax area...😂😂😂. i am not sure whether i have to surrender to FOMO and buy it 🤔🤔🤔
My mindset is always if you can’t get a good deal look somewhere else until you can find one. I hear what you’re saying though. New construction in Prosper and Frisco comes at a premium. If you are going to buy the 800k house buy it amongst million dollar homes so your home will look affordable compared to the others around you.👌
Celina marker is crazy. There’s not much inventory to choose from if you are looking for 3000+ sqft under Prosper ISD. Hopefully new phases in the existing subdivisions open soon in 2024.
It’s true. And if you cross over to the Celina isd side they’re practically giving them away - Grand homes in Celina isd vs. Prosper isd - the difference is surreal. Just a few minutes away from each other but worlds away in price and motivation.
DO NOT. I repeat, DO NOT pay $800K for a spec home. I would not even pay $500K for a spec home! There is no value there.
@@DIVISIONINCISIONwhat is a spec home?
Fan of your content! Here’s an off topic request. Please share your thoughts on the new projects coming around the Collin County outer loop in Celina - such as The Parks at Wilson Creek. Inventory homes getting sold at 700s for 2500 sq.ft 50’ ft lots is crazy. Should potential buyers wait / invest now ?
They have a broad range of prices in Parks at Wilson Creek. With a 450k budget you'd be in a great position. I'm not sure I'd spend 700k there though. I'd keep it under the median sales price of 690k.
Im and trapped in a lease of a home and just restarted my home search. I am really not a fan of new construction but I'm starting to open up to it just bc if one is being built then I have the opportunity to sync it to when my lease is up. #mayGodbewithme 😂
That is one of the benefits to new builds - how long they take. You can really line up your move and plan ahead!
As much as I like Grapevine area, DFW is not worth it now. The juice is not worth the squeeze. Why would I pay $500K for a cookie cutter spec home?
You make a good point! Some spec homes can be scored for half that amount - in Royse City and Heartland for example, but in many areas a 500k spec home is impossible!
@@WendyPannell That's the whole point. It doesn't matter where you live. A $500K spec home is not a value. It becomes less about location and more about value for the actual home.