NextStage Posted August 19, 2019 Posted August 19, 2019 This is what I have seen on new properties where the developer raises the base price ~2% per quarter. Your point is well taken that a seller may not be able to get that price increase on the open resell market as you are competing against the newer properties. Link to comment Share on other sites More sharing options...
hk blues Posted August 19, 2019 Posted August 19, 2019 42 minutes ago, NextStage said: This is what I have seen on new properties where the developer raises the base price ~2% per quarter. Your point is well taken that a seller may not be able to get that price increase on the open resell market as you are competing against the newer properties. I only say it because I live in a huge subdivision that is still expanding - and the exact same model of house as mine is increased by 10% each year as they build and sell new ones. But, people who have tried to sell them 2nd hand have pretty much found it almost impossible, unless they drop the price to well below the newly released units - well, well below. Let's be honest, who would buy a used car when they can buy a new one for the same price? This may not be the case everywhere. 5 Link to comment Share on other sites More sharing options...
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