Tuesday, May 23, 2017
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Tom Gilliam
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What are some advantages of buying a used home?

Old TV Although many first time buyers prefer to buy new homes, the vast majority actually prefer resales. According to the National Association of Realtors, 72% of homes sold are resales.

In fact resales offer some of the best values in the market today. The news gets better when you see the wonderfully diverse resale selection of appealing styles and sizes in many locations and price ranges. Plus, when you are ready to sell your "old" home, you've got what most buyers are looking for.
    Here are some of the advantages that make "old" homes so popular:
  • Size appeal

  • Older homes often have more space inside and out than new homes. Inside, resale homes may have more square footage and higher ceilings; outside, resale lot sizes are typically larger.
  • Close-in convenience

  • Many resale homes are in older neighborhoods, which are closer to downtown business districts and shopping. New communities are often a distance away from cities and commute times may be much longer.
  • Cost savings

  • Resale homes generally are less expensive than similar new homes. One reason could be resale sellers have more bargaining room than builders who have to make a return on the high costs they recently paid for land and building materials.
  • More green space

  • For tree lovers, resales are a big draw. Older homes typically have mature trees and plantings, unlike what's found in new neighborhoods.
  • What you see is what you get

  • There is no guesswork with older, established neighborhoods. You can research and tour the schools, sample the shopping, and check out the neighbors. In a new home subdivision, buyers might not want to live with the noise and dirt of construction, wonder about future development, or deal with possible long bus rides to existing schools and little or no nearby shopping.
  • Lots of extras

  • Many resale buyers cash in on "extras" the owner has already put in which can save big money. Typical money-saving extras: fenced yards, decks, pools, play sets, window treatments and appliances.
We would be happy to assist you with your home-hunting needs. Call or e-mail for more information or click on "Ask Your Own Questions."
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FIRST TIME How To Buy The Most Home For Your Money
QUALIFIED How Much House Can You Really Afford?
TIRE KICKING Secret Tests To Check A Property's Condition
LOCATION LOCATION: The Most Important Questions Every Buyer Should Ask
NEGOTIATE How To Buy The Home You Love At The Price You Want
SEARCH Quick Checklist For Finding The Perfect Home
INVEST YOUR RENT Why Pay Your Landlord's Mortgage?
MORE FOR LESS Six Tips For Getting The Best Loan
OPTIONS 10 Savvy Ways To Pay For A Home Today
SHELTER Six Little-Known Ways To Help Relatives Finance A Home
 
       
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