Ryland or Drees home?

[Zoo Animals On Wheels]

Why do people keep exhuming this? The original post is from April 2008. I'm thinking they probably made their decision by now.

[lpaul]

We built Ryland and cannot be happier. Ryland has this great line of homes that they build at The Boulders and they allowed us to do some customizing with our home. We have been in it for 3 years and we have not had one problem with our home and our neighborhood is the best group of people we could have asked for. It feels like it must have been long ago when you knew all of your neighbors and you could let your children play outside because you have an actual relationship with everyone on the street.

You should really check it out.

[bhappy0675]

I am in my mid 30s and was thinking about purchasing a townhouse at Stanford park as a first time home buyer. They are advertised by Ryland as being in Carmel, IN, but when you actually see the paperwork, they have a Westfield address. The salesperson pointed out comparable sales to me saying "this one sold for $160K and that one sold for $170K." pointing to adjacent townhomes. He had mine priced at $157K in mid 2009. I drove to the assessor's office and discovered the last 5 units in the complex sold (brand new) for prices inbetween $117K and $122K! The comparable properties he pointed out to me were over 2 years old when the market was at its peak. I had questioned his comparables before I went to the assessor, and he said that people indeed were paying that much because it was Carmel. The properties are in the Carmel school district, but an appraiser can't compare Carmel addresses to Westfield addresses. My point is that these people will stomp all over the truth to make a sale. Don't trust appraisers either. Most are friends with the mortgage brokers and inflate values to keep business from the mortgage broker. Do your own homework. Go to the assessor's office and let the lovely women there help you find out how much properties in a neighborhood are currently selling for.

[wh15395]

Originally Posted by bhappy0675

I am in my mid 30s and was thinking about purchasing a townhouse at Stanford park as a first time home buyer. They are advertised by Ryland as being in Carmel, IN, but when you actually see the paperwork, they have a Westfield address. The salesperson pointed out comparable sales to me saying "this one sold for $160K and that one sold for $170K." pointing to adjacent townhomes. He had mine priced at $157K in mid 2009. I drove to the assessor's office and discovered the last 5 units in the complex sold (brand new) for prices inbetween $117K and $122K! The comparable properties he pointed out to me were over 2 years old when the market was at its peak. I had questioned his comparables before I went to the assessor, and he said that people indeed were paying that much because it was Carmel. The properties are in the Carmel school district, but an appraiser can't compare Carmel addresses to Westfield addresses. My point is that these people will stomp all over the truth to make a sale. Don't trust appraisers either. Most are friends with the mortgage brokers and inflate values to keep business from the mortgage broker. Do your own homework. Go to the assessor's office and let the lovely women there help you find out how much properties in a neighborhood are currently selling for.

I know exactly what you mean. We just moved in to a Drees neighborhood that is in Carmel, but we ended up having a Westfield address. AT&T is always confused when we call because they say they don't service Westfield, but we have their internet lol. They even advertised our zip code as a Carmel zip, but it is Westfield. Is there anyone that knows if this type of advertising is illegal???