Of the six active listings in Phillips Landing on June 14th, there are three short sales , two new construction properties and a lone foreclosure.
First of all, I will discount the foreclosure from this discussion as foreclosures are not the same as either of these.
Several of these homes are very similar in size (2000-2400 sq.ft. under air). The prices are not that far apart either – perhaps $10-15,000 once you get a reasonable offer signed off by the seller.
The new construction properties are listed with four months as the build out time. If you are lucky a short sale will likely take at least four months.
So, which do you choose, a short sale or new construction in Phillips Landing?
A short sale may or may not be approved. New construction is more of a certain thing – if there is such a thing in real estate!
If new construction is your choice....
- As with all new construction, I highly recommend you negotiate with builders. Before you visit any new model homes, find yourself a knowledgeable real estate agent to represent you.
- If new construction is a consideration, buyers need to understand there are price differences between “cookie cutter” homes, semi-custom homes and custom built homes which you will find throughout the Viera and Rockledge, Florida area.