Asked by Eli_yunck, Saint Joseph, MI • Tue Nov 22, 2011
Home".l As a first-time home buyer, and IÃ¢ï¿½ï¿½m in the process of purchasing my property. The property was built in 2007 and was used as a Ã¢ï¿½ï¿½Model Home"until Oct 2011, it was listed for sale in the market. The Seller "Builder" listed the property as a new construction for a sale price of $ 124,000. I recently had an appraisal done on the property and it came back at $ 105,000. Looking at the appraisal report, it seems a lot of the comparing was done with resale and not new construction, but there is no new construction in the subdivision. This property is a 2bd/ 2bth condo in a (3) unit building. The subdivision has no new construction, all the properties where built in 2006 to 2007. I really like this condo, but I don't want to over pay for it as well. Because I know if I where to pay 124,000 for the property, most likely the price will drop to 105,000, right?
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