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Maybe that's not the case here, but you're not going to get very far in business pretending it is the customers' fault for not overpaying for a commodity in a down market.
I'm not saying it's the customers fault however who is to at fault when the customer wants your 82 Plymouth Reliant for 1/2 the cost of just your materials?
Just under 3000 SF for 175k? Do you want a manufactured home, or a stick built house on a crawl space? Most average houses are 90-110 a square foot.
You want a near 3000 SF home for ~65 bucks a square foot?
You're going to get the cheapest of the cheap for that amount of money and a lot of builders would lose money on that proposition.
Remember that is just the base price. You have to add about 20% in options just to make it a average house. So around 200K for a 3,000 SF house that far out doesn't seem that crazy. Builders make very little money if you do not add options on.
Just under 3000 SF for 175k? Do you want a manufactured home, or a stick built house on a crawl space? Most average houses are 90-110 a square foot.
You want a near 3000 SF home for ~65 bucks a square foot?
You're going to get the cheapest of the cheap for that amount of money and a lot of builders would lose money on that proposition.
You telling me the prices on the website are incorrect? I have visited a few developments and I can assure you they are real homes. It is what it is the prices are what they are.
This sounds a lot like sellers refusing to drop to market price because it's less than they owe on the house. Unfortunately, supply and demand doesn't care what you paid for something a few years ago. Similarly, replacement cost or what you paid for land during the bubble has little to do with the price of a house on the open market.
It would cost me a huge amount of money to build a 82 Plymouth Reliant from scratch in my garage. If I do it and then can't sell it at a profit, it's not because buyers have unreasonable expectations. Instead, it is because the market has shifted and my competition is able to provide a better deal.
Maybe that's not the case here, but you're not going to get very far in business pretending it is the customers' fault for not overpaying for a commodity in a down market.
Remember that is just the base price. You have to add about 20% in options just to make it a average house. So around 200K for a 3,000 SF house that far out doesn't seem that crazy. Builders make very little money if you do not add options on.
No. This is with a garden tub and middle of the road tile instead of vinyl in the bathrooms kitchen and utility room. I'm 60 with no school age kids I plan on dying in the house I don't care if its a 45 minute commute to RTP that's how far my commute is right now. 20% is 35K you're off by quite a bit.
I'm not saying it's the customers fault however who is to at fault when the customer wants your 82 Plymouth Reliant for 1/2 the cost of just your materials?
Also, keep in mind that while builders might not "lower" the price on a home, they are giving concessions. I know of someone who just bought a new home & received 17k in concessions....but the builder would not "lower" the price.
$175K for 3,000 sq feet seems pretty low. Given you are talking about properties in Sanford and Creedmoor I am assuming a nice piece of land comes with it - making it even more you are getting for so little money.
I'm not sure I see the problem. Nobody is forcing you to buy there if you don't feel it is priced correctly. If there are better deals to be had ..... buy them instead. That'll show them!
$175K for 3,000 sq feet seems pretty low. Given you are talking about properties in Sanford and Creedmoor I am assuming a nice piece of land comes with it - making it even more you are getting for so little money.
I'm not sure I see the problem. Nobody is forcing you to buy there if you don't feel it is priced correctly. If there are better deals to be had ..... buy them instead. That'll show them!
There is no problem that is not the point of the thread. I was basically asking if anyone else is seeing this as well. RE is going down nationally. Prices for new homes seem to be holding up or going up in NC.
^^ Because we weren't as affected by the housing crisis as other areas. That is why pricing has come down but is now holding steady and slowly trending up in some places (as you have noticed).
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