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Where are the best deals on new homes?

Anyone can tell you their opinion but at the end of the day how are consumers spending their dollars on homes for sale.

The question is really based on your real estate market segment. Many people believe that Boise foreclosure property and short sales are the best deals. This is probably true if you do your homework and have patience and time. Most people forget that other people and banks do not like losing money so the "deals' people talk about are not as available as many think, mainly because of tv commercials.

Currently, the best deals are by production builders. There are several builders aross Boise Idaho that are financially strong enough to buy lots in bulk. Since they are not paying retail they are saving at least $10 Thousand per lot or more. In current market conditions they are actually paying less for the lot than it would cost teh builder to have developed the raw land.

At some point builders are going to have purchased all available lots and prices will start to increase. Many industry professionals believe that point is just months away. So what do you need to know?

If you are in the market for a new home, now is a great time to buy. Yes Yes, I know .... but i am not a realtor and am not selling you anything so I say this based on my observations not any back door motivations. There are two things to consider. If you want a move in ready home go shopping. Or, if you are looking to build a custom home, now is also a great time to shop for a building lot. Demand for custom homes is very low since the inventory is so high.

Many are waiting for the bottom of the market. If we are not at the bottom it has to be close, there is no one left to bring money to the table to sell their home.

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Trey Langford

Posted by tlangford at 3/29/2010 2:54:00 PM
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