There are a few things to consider when pricing out nearly new construction, so you can’t just use the most recent brand new construction sale price as the comp to your new construction that you just closed on last month. Below are the some of the factors you need to keep in mind when pricing nearly new construction for the market.
Nearly New Construction Buyers Have Options
Typically buyers of nearly new construction have options and they are exploring nearly new construction because they are wanting to customize something to their exact wants and needs. Remember that the bonuses and amenities you chose for your home may not be what every buyer is looking for or willing to pay extra for.
Nearly New Construction Buyers Are Buying an Investment
Most nearly new construction buyers are using loans so it is an investment for them. So why not get exactly what they want if they have that option?
New Construction Takes a Long Time
Know ahead of time that nearly new construction moves really slow and that the move up price point across the board nationally is the slowest moving market.
Contact Amanda for help in pricing your new or nearly new construction for the real estate market.