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Monday, April 26, 2010

New Construction or Re-sale? Which is the Best Fit?

I was asked this question recently by a buyer prospect and my response was an unequivocal “it depends!”

Brevard County's Viera and Suntree areas offer lots of choice within both categories.  I have assisted clients with the purchase and sale of new construction (investors) and existing properties.

As a homeowner I have purchased both. Perhaps it is a sign of maturity or experience but I can now say for me unequivocally …
  • with autos ,I buy slightly used!
  • with houses, I prefer new construction!
New construction most likely will include a builder warranty for a year or two.  Additionally, except for routine maintenance, new construction will require minimal investment of time, energy and money.  And lets not forget the advantages of new energy efficiencies.

Most of the resale homes in the Suntree and Viera areas are not what one would consider old with construction from the mid-1990s through the current year.  Resale properties can be found in all states of condition.

Some Most properties in a foreclosure status have been neglected - even stripped of appliances, etc. Many homes in the Viera and Suntree area are short sales.  Short sale properties are usually in a reasonable state as the sellers want to get the most they can when they sell.

The key with all homes - new or resale is to have a professional property inspection conducted!

Call me at 321-693-3850 or email me if you would like assistance with buying or selling a house or condo in Viera, Suntree and Rockledge, Florida.

[If new construction is on your agenda - call me before you go to that model home as the sales rep in the model represents the builder not you!]

©Gary Waters, Florida licensed real estate agent/Realtor, Century 21 Baytree Realty, Rockledge, Florida.

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