I am not an agent and no expert, but I am buyer and have been tracking home prices in SR on this website from several months now. I have to say the price per sft for new home seems inline w/ the resales. Since those are new homes, I think it's better deal especially if some of you believe we can negotiate down to some extend.
I realize the resales have landscaping but for most part it's pretty basic like a lawn and few trees in the back, and few shrubs in front, so that is not much $ to put in something like that.... more
To further explain my previous answer. If you take a "resale" home with average SF of 3458 and multipy it by the average price per square foot you get 3458SFx$138.19PPSF=$477,861 list price. Now if you take the average new construction home listed by the builders thats 3180SFx$173.56PPSF=$551,920. list price. So your paying more money for less house.
The key is to remember the agent in the builders office works for the builder, not you. He is not going to tell you that you can possibly buy the exact home he's showing you for $10-70K less from an existing homeowner. Another plus is in the established section of resale homes you won't have to listen to the construction noise when your at home trying to relax.... more
If this home is on Emerald Ridge and is a Taylor Morrison, ask them if any previous buyers have had a mechanical engineer out to inspect and what the outcome was. I had a buyer under contract to buy one of them and there was a moisture problem with the foundation and the Mechanical Engineer said to RUN. There is not proper drainage on many of those homes (he checked the neighboring homes as well) and he advised that major trenchwork (approx. 12K) be done, and even then there was no guarantee. MLAW Engineers is who we called, so they can probably help you. Also, Taylor Morrison is usually very good about returning your deposit if any issues such as this arise, so I would be surprised if they didn't work with you on this.... more
Are you getting the answers you want? Probably not because this is a tough question to answer mostly because there is no apples to apples for you. A lot depends on the neighborhood, lot, floorplan, amenities, upgrades, etc. and the list goes on. What is value in your opinion? Is is the lowest price? Is it the potential for re-sale value in the future? How long is that future? 1 Year? 3-5 years?
If you really want good answers to these questions, get a Realtor that lives in the neighborhood, works in the neighborhood, knows the staff at the builders you mention, knows the market (Not just has the ability to search the MLS because most builder homes never hit the MLS in these neighborhoods) and then put them to work for you. There is no substitute for one on one counseling and guidance especially when it costs you nothing.
By the way, check out our BUYER SAVINGS GUARANTEE! We will save you $10,000 off of the builders lowest price, or we will pay you the difference in CASH!* Call me for details at 512-638-6546. For even more value, we pay for 3rd party inspections on your new home. Give us a call.
Ok I had no success on price but I did negotiate all landscaping, and a full suite of appliances, plus some other extras. Chris you are right, they were very rigid on price after initial contract signing. I'm not sure how I did but we do like the house and I am very motivated to get out of the apartment I am in which increased our rent 40% when I went month to month in February. I know I could have canceled or been more hard line but we are worn down by the kids in this small space and need to move. Thank you all for your responses. Jim R.... more