Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I think builders would rent it out before they would sell it at 10 percent off list...
Really? I’d assume they’ve worked in a healthy profit margin so they could take a 10% hit if needed and still come out ahead. Those houses probably cost max $1M to build based on quotes we’ve gotten to build similar houses on our own lot and then say the lot is $1M so if you’re priced at $2.5M you’ve got $500K ish profit margin to play with. 10% discount is $250K so you’ve still got $250K profit. But maybe that’s not how they look at it?
Interest, lot clearance, realtor fees, closing costs, staging. It all add up. With that being said, MR has closed on house near me that was sitting for a long time. I think it was originally listed around $3.5 and it closed at $3.075. I am confident that he still made money. His houses aren't that nice.