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New Construction or Re-sale?

Tuesday, February 25, 2025   /   by Monica Bishop

New Construction or Re-sale?

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Should you buy a new construction home or a re-sale property?

After working for home builders for 10 years and owning a re-sale home, my opinion is, buy new if you can. A re-sale may be a better fit if you have a specific need such as a mother-in-law suite or location, such as a specific school district.
 

     Most of the time, cost is the driving factor when deciding on a home. When the market changes, builders are quick to react. Sellers don’t realize that the market has changed, and their home is now worth less than it was just a few months ago. “My neighbor sold for $100,000 more last year!” Having an agent that knows market value is a great negotiating tool. Builders will have more inventory than what you see online so, if they aren’t making sales, they are willing to work with buyers. I can negotiate on your behalf and get you a better deal. 


    Re-sales are traditionally a lower price, making them more attractive at first glance.  Then you have the home inspection, like a first date you get to know it a little better.  You find out that it has a lot of hidden issues, it’s higher maintenance than what you expected.  You have to ask yourself, is this something I can work on myself, or will I have to seek professional help?  Don’t forget a home warranty, homeowners' insurance & utility expenses. How much is that cute, little re-sale really going to cost you?  A new construction home may be a better value.    


  new construction home vs re-sale home

EXIT King Realty
3900 Clark Road unit H3
Sarasota, FL 34233
941-755-6060

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