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Reload this Page D.R.Horton slasing house prices by 20%? (buy, closing)
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Old 08-15-2008, 12:42 PM
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Default D.R.Horton slasing house prices by 20%?
do you think its true? if so I can buy a $400k house for $320k! what a deal.
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Old 08-15-2008, 12:55 PM
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Quote:
Originally Posted by Freebird2007 View Post
do you think its true? if so I can buy a $400k house for $320k! what a deal.
Hmm..my first hunch would be they forgot to tell you about the 25% price increase that preceeded the 20% price decrease. So the 400k house just went up to 500k, and now with a 20% discount, you can buy it for the new low price of 400k!
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Old 08-15-2008, 02:07 PM
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And that 20% is probably cash back at closing so you will forever pay taxes on the 500k.
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