New home built in 2011 (Evans, Ga) and still on the market. In Jan12 the value should drop right b/c it's last years build and still unsold.

Asked by RS, Georgia Thu Nov 10, 2011

right?

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4
Christine &…, Agent, Evans, GA
Mon Jul 9, 2012
There are really not guidelines on price drops on new homes. It all depends how desperate the builder is and if they have money to come to closing (i.e. how much money they have to come to closing)

If you like the house, the best thing would be to just give it a try, turn in a lower offer and see what you can negotiate out - BEFORE the price drop... because once a house is a super deal, there may be multiple offers.

Please let me know if I can assist you with this or any other home!

We offer $1500 buyers incentives for NEW construction priced over $150,000

How soon are you looking to move?

What price range are you interested in?

Magnolia Valley is a NEW Evans subdivision which have some amazing pricing (and even better deals for the 1st 20 people) Call or e-mail me for details. Christine (& Drew) May 706-869-9478
http://www.AugustaHomeStore.com
0 votes
James Ryan, Mortgage Broker Or Lender, Leesburg, VA
Fri Nov 11, 2011
Could be a drop even sooner, or perhaps the builder is using the home for the model home, and the price is firm.
There are a lot of factors besides length of time since the building was completed.
Good luck!

Jim
0 votes
Rodney Mason, Mortgage Broker Or Lender, Atlanta, GA
Thu Nov 10, 2011
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.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Conventional | FHA | FHA 203K Renovation (Streamline & Consultant) | HomePath® |
HomePath® Renovation | VA | USDA | GA Dream | Jumbo Financing
Web Reference:  http://www.rodneymason.com
0 votes
Julie Britta…, Agent, Atlanta, GA
Thu Nov 10, 2011
I'm not an agent in Evans, but if this builder wants to sell this house, he should have dropped the price 3 or 4 times already!

He has a construction loan out and subcontractors to pay!

Talk to your agent and see what his other new homes have sold for this year.

Good luck!

Julie
0 votes
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