Is it more costly to purchase a new construction home vs a pre-existing one in Cecil County Maryland?

Robin
Both Buyer and Seller
Maryland

Answers (3)
Shirley McHenry
Agent
North East, MD

To compare a re-sale to a new construction you end up paying much more for a new construction by the time you add in all the additional costs.

Tue Aug 11 2009, 19:03
Robert B. Mcart...
Agent
Fallston, MD

I believe in this market you can certainly get a great deal with a new construction. Builders are offering great custom options right now and some are even gifting closing costs. I do agree, you need a good buyers agent who knows the builders contract through-out. Let us help you negotiate the best price and options. Call us NOW TOLL FREE! 1-877-421-SOLD or Visit my website and become a VIP Buyer.

Tue Aug 12 2008, 21:03
Tina Beasley
Broker
Baltimore, MD
FIRST ANSWER

Robin,

I believe that it all depends on the builder that you are considering buying from. Most new homes do end up costing the buyer more in closing costs due to the fact that the builder does not split the transfer and recordation taxes with you.

I feel that it is important for any buyer to have their own representation, even when purchasing from a builder. Builders have their own contracts that benefit them. If you do not have any background in these types of contracts, you can wind up having problems. A builder will hold you to your contract no matter what happens and I have known people that needed to get out of a contract and could not. Just really bad overall situation that can be avoided if you get a good agent that can read all of the fine print for you.

I also feel that when you buy a home, whether it is new or not, you must have a good home inspector to check it out. Even new homes are not perfect. I have personally found that some older homes that have been well cared for and updated throughout the years can actually make a better investment than a new home built today.

I am available to help you if you would like an agent to represent you! Give me a call or drop me an email anytime. Looking forward to having the opportunity to work for you.

Tue Aug 12 2008, 19:06

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