Buyers tend to migrate to the builder because they can make decorating selections to their taste. In order for a person to resale their home they have to discount it below the builders price to compensate for the above. However once the builder has finished in that subdivision the resale homes will increase to the final price the builder was asking for their homes. So you will see a significant price jump upon completion of the subdivision.
This does not mean there is a problem with the subdivision it is simply builder pressure.
Broker / Owner
Real Estate Experts
Cedar Park is a great place to call home. I have lived here for almost 9 years now. I always advise my clients that they will get a better deal if they can find an existing home over a builder home. Just recently I was showing homes in in nearby Avery Ranch. We were able to find 2-3 year homes of the exact floor plan for about $15,000 to $20,000 less than building new. This is what you will typically find and is the price you pay for being able to choose everything that you want.
Now there are ways you can get a new home and pay closer to the going rate of existing homes. The best way is to find a spec home or a home where the initial buyer backed out. While you may not be able to pick out everything you can save quite a bit of money that can make it worthwhile.
If you have any questions please don't hesitate to call or email me. I am also a licensed mortgage broker and can help you obtain the best financing terms.
Best of luck to you on your possible move to Cedar Park.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
firstname.lastname@example.org | http://www.AustinListed.com