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Brad Shaffer
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Brad Shaffer answered:
Nia,
There's really no definitive for you because there are so many options out there you'd have to look at it on a case-by-case basis. It's very possible that you'll be able to find an existing home in good condition with a great pool for far less than what you'd pay for that exact home with that exact pool + landscaping if purchased separately. But, with so many bank-owned homes on the market (or if you have the 3 - 6 month time period and stomach for short sales to close) and motivated sellers - you may be able to find a home with a fantastic pool at a fantastic price.
Moreover, everyone's idea of a pool is different. Do you want a basic pool or one that creates a backyard oasis with a waterfall, built-in hot tub, lavish landscaping, etc? In a traditional market you'll likely find a home with a pool for cheaper than what you'd find an existing home and then add a pool after you close escrow. But, in this market with it's plethora of options and possibilities ... it really comes down to a case-by-case basis based on the properties you are looking at.
There's really no definitive for you because there are so many options out there you'd have to look at it on a case-by-case basis. It's very possible that you'll be able to find an existing home in good condition with a great pool for far less than what you'd pay for that exact home with that exact pool + landscaping if purchased separately. But, with so many bank-owned homes on the market (or if you have the 3 - 6 month time period and stomach for short sales to close) and motivated sellers - you may be able to find a home with a fantastic pool at a fantastic price.
Moreover, everyone's idea of a pool is different. Do you want a basic pool or one that creates a backyard oasis with a waterfall, built-in hot tub, lavish landscaping, etc? In a traditional market you'll likely find a home with a pool for cheaper than what you'd find an existing home and then add a pool after you close escrow. But, in this market with it's plethora of options and possibilities ... it really comes down to a case-by-case basis based on the properties you are looking at.
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