The Risks of Buying a New Home Part 2
My last post I wrote about a serious risk when buying a new home. Settling was the topic of my last post. I discussed about the soil in Cabot and how settling and foundation problems can be a risk in buying a new home.
This post I am going to talk about buying a brand new home in a Cabot subdivision. I am not trying to discourage anyone from buying a new home, but trying to educate buyers about the risks. Buying a new home in a new Cabot subdivision can be a risk. Why?
If you buy a new home in a new subdivision and have to sell before they finish building homes in the subdivision; you may have trouble with your resale. Nobody would want to buy a home that has been lived in when they can get a brand new home for close to the same price. Many people would be willing to pay the extra money to buy a new home instead of buy one that has been lived in.
We have had sellers have problems with this. They were transfered out of the area because of a job and they could not sell their home. Most of them end up dropping the price way down a bringing money to the table.
Just another issue to be aware of when buying a new home in Cabot or anywhere.
Good day