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Monday, September 08, 2014

Viera, Florida Homes for Sale: Why do prices vary so much in the same development?

A recent buyer asked me why the homes for sale in the same Viera, Florida subdivision varied so much.  There can be a myriad of reasons why homes in the same development are listed for (and selling for) at quite different price points.

Although contrary to the belief of many buyers homes are rarely created equal.

This is a key point that needs repeating.  Homes are rarely exactly the same unless one is buying new construction directly from the builder within a cookie cutter development.

Many of the neighborhoods in the Viera and Melbourne, Florida areas consist of single developer tract homes with similar floor plans and materials with some variation in front elevation.

These homes are often referred to as zero lot line, cookie cutter houses and are usually less expensive to construct than custom (or semi-custom) built homes which results in lower new home selling prices. 

In some subdivisions like Rockledge, Florida's Phillips Landing subdivision there were several builders (Condev, Holiday Builders, Adams Homes, for example).   Knowing who the builder was (or is) can sometimes explain a big difference in listing price that otherwise baffles buyer prospects.

Then the price of a cookie cutter home built by the same builder in a different location can vary greatly especially if located in Viera, Suntree or on Merritt Island. 

If you are considering selling your Viera, Florida home I urge you to read Marketing a Home that is just like the others and then give me a call to discuss how I can work for you!

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