Of the six active listings in Phillips Landing on June 14th, there were two short sales , three new construction properties and a lone foreclosure.
I will dismiss the for
eclosure in this discussion as foreclosures are not the same as either of these.Several of these homes are very similar. The prices are not that far apart either – perhaps $10-15,000 once you get a reasonable offer signed off by the seller.
The new construction properties are listed with four months as the build out time. If you are lucky a short sale will take at least four months and likely longer.
So, which do you choose, a short sale or new construction in Phillips Landing?
New construction is more of a certain thing – if there is such a thing in real estate! Keep in mind that a short sale, if approved, may take more than four months and is not a sure thing.
If new construction is your choice....
- As with all new construction, I highly recommend you negotiate with builders. Before you visit any new model homes, find yourself a knowledgeable real estate agent to represent you.
- If new construction is a consideration, buyers need to understand there are price differences between “cookie cutter” homes, semi-custom homes and custom built homes which you will find throughout the Viera and Rockledge, Florida area.
