we are looking to build in Vero Beach, but our prices were set in 4/07 & we want to pay more realistic rate

Asked by Mary Jeffords, Windsor Mill, MD Sat May 31, 2008

now that prices have dropped. How can we go about finding the recent history of homes in zip 32968? Also, any other advice would be welcome. Mary J

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Bill Eckler, Agent, Venice, FL
Sat May 31, 2008
MJ,

Contact a real estate professional within your target area. They will have the expertise to provide beneficial information for you.

There are many opportunities for serious buyers in today's market but when considering new construction, our best advice, is be VERY careful. Many of today's builders are on shakey ground. Don't let yourself be one of their victems. Do your homework and be sure you are supported by a skilles real estate professional.

good luck,
The "Eckler Team"
Century 21 Almar and Associates
Venice, Fl 34285
ecklerteam@comcast.net
941-408-5363
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Jeff and Gin…, Agent, Vero Beach, FL
Sat May 31, 2008
Additional thoughts: If you have contracted with a builder or developer to build your home, read your contract carefully to determine if there is a "build by" clause and/or any language that would help you negotiate a better price. However, it is very difficult if not impossible for any builder to sell below foreclosure and bank owned and developer re-absorbed homes that were built for other buyers who could not close. Sadly someone else has or will pay for part of the cost of these homes. Feel free to contact us with any questions. Visit our website for all our contact information. How may we assist you further?
0 votes
Jeff and Gin…, Agent, Vero Beach, FL
Sat May 31, 2008
You are correct that the prices for existing homes in Vero Beach have dropped still further since 2007. However, we are concerned that you are building a new home and your "prices are set" from that time period. Do you have a contract with a builder or developer that establishes the price to build the home?

If you would tell us the criteria for your home, such as how many bedrooms, approximate square footage, location on or off a "lake" and any other details such as whether a pool is included, whether it is within or outside a gated community, we will be happy to send you current listings. For example, there is a 5 bedroom two story home that was just listed for $284,000 because it is a bank owned property. Perhaps if an existing home suits your needs, you would be better off buying rather than building. Please contact my at ginny@MyVeroBeachRealEstate.com or visit our website at http://www.MyVeroBeachRealEstate.com where you can search our listings and all MLS listings with all are Realtors on your own.
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