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Old 03-08-2016, 10:53 PM
 
4 posts, read 4,470 times
Reputation: 10

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This does not have sense.


My sister and I went today to see new houses in Summerlin area ( new construction) and when comparing them with same or even SMALER houses from 2004 or older they are cheaper.


One particular house from 2004, 3 bdr, 1884 sqft without ANY upgrades and 3bdr is on market for 379.000. Other one for 375.000.


NEW house, 2016 , 4 BDR, 1900 sqft is 334.000 plus 5k for lot.


45.000 difference.


And there are more examples out there.....


What people / sellers are thinking here?
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Old 03-08-2016, 11:04 PM
 
2,049 posts, read 3,776,251 times
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Landscaping, pool, window coverings, etc??
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Old 03-08-2016, 11:29 PM
 
4 posts, read 4,470 times
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Quote:
Originally Posted by WestieJeff View Post
Landscaping, pool, window coverings, etc??

Landscaping in those "old" houses is horrible. You would actually have to spend more money to fix it.


Pool ? Not everyone needs pool ! And if pool is 10 yrs old with some repairs needed I don't see how that can drastically change the price.


Coverings? 3000 is new medium size cover.


What I'm saying is that you can buy 2016 house for MUCH less then 15 year old house that can have 1000 of problems out of warranty (Kitec Plumbing..... )
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Old 03-09-2016, 06:44 AM
 
547 posts, read 697,383 times
Reputation: 548
could be the location of the older home, or the seller could just be looking to cash in. However, you can list your home for whatever price you want, ultimately it's up to buyers whether or not they want to buy at that asking price.
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Old 03-09-2016, 08:13 AM
 
Location: Kissimmee
347 posts, read 475,441 times
Reputation: 508
Location Location Location
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Old 03-09-2016, 10:11 AM
 
Location: Las Vegas, Nevada
1,423 posts, read 1,501,304 times
Reputation: 1733
Because new homes come with absolutely nothing. No appliances, no ceiling fans... most basic things you take for granted in a home, they will charge you extra for when the home is built. That all adds up to a hefty sum.

Also, keep in mind that a new home price is firm. You START at that price and go up with customization &;additions... as opposed to an existing home where there is an ASKING price and you generally offer under that number.
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Old 03-09-2016, 10:17 AM
 
4,494 posts, read 9,958,007 times
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Actually I'd take a stab that those prices for used houses are based more on what the mortgage payer obtained a loan at rather than any actual market based pricing.
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Old 03-09-2016, 01:18 PM
 
Location: Las Vegas, NV
455 posts, read 587,150 times
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Quote:
Originally Posted by Vegas_Cabbie View Post
Because new homes come with absolutely nothing. No appliances, no ceiling fans... most basic things you take for granted in a home, they will charge you extra for when the home is built. That all adds up to a hefty sum.

Also, keep in mind that a new home price is firm. You START at that price and go up with customization &;additions... as opposed to an existing home where there is an ASKING price and you generally offer under that number.
^^^
This. When you tour the beautiful model home in a new development and are handed the price sheet, make sure to ask the realtor host how much the model home would sell for. You'll find it's almost double what is shown on the price sheet. A recent construction (3 - 5 yrs.) used house is almost always a smarter choice.
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Old 03-09-2016, 01:48 PM
 
2,557 posts, read 4,313,973 times
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The new construction is put up at break neck speed often with substandard materials.
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Old 03-09-2016, 01:52 PM
 
14,887 posts, read 12,706,794 times
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That describes pretty much any tract house built in the valley in the last twenty years.

Quote:
Originally Posted by unf0rgiven6262 View Post
The new construction is put up at break neck speed often with substandard materials.
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