A new home is not like a new car when the new model year arrives or a seasonal item that gets reduced at the end of the season. The fact that a home built in 2011 has not sold in 2012 has nothing to do with an automatic price reduction. Its still a new construction home that no one has ever lived in.
A price reduction strictly depends on how motivated the builder is to sell it. Not all builders are in financial troubles. While there are carrying costs for an unsold home, the amount of those will vary from builder to builder. Some builders are financially stable enough to let a home sit for awhile until it does sell at their desired price.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Conventional | FHA | FHA 203K Renovation (Streamline & Consultant) | HomePathÂ® |
HomePathÂ® Renovation | VA | USDA | GA Dream | Jumbo Financing