Asked by Winston, • Fri Apr 18, 2008
I'm thinking of buying new construction and there is a developer offering pre-construction prices. Can someone explain to me exactly what pre-construction prices are and if it makes sense to get involved at these prices? I'm worried that I may miss the boat but also curious on if these prices are guaranteed to increase considering the market. Could prices stay the same over the development of the project or go down if there's little interest? The developer has 85 lots to move. I'm really interested but don't know if this is the right time to jump in. I could really use some advice!!! Please note that I'm looking to stay in this home for 10 years.
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