New property, used property or in pre-construction?

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Cesar Hoyos

Date Published: 2017-02-02

Among the possibilities for buying properties there are mainly the following:

  • Properties that are not new.
  • Properties that are brand new or less than 6 months after completion of construction.
  • Properties in pre-construction or new developments.

Properties that are not new
These are properties that were completed more than 6 months ago and the current owner wants to sell them. The prices of these properties are negotiable, in some cases they are properties in auction or with deterioration and in need of repair, but in other cases they are great opportunities. The price usually varies according to the market and its surroundings.

Properties that are new
These are usually understood as properties that are less than 6 months after their construction has been completed, and are in the process of being sold and have not been inhabited. The prices of these properties are negotiable, in some cases they are properties of projects that could not be sold completely in pre-construction or in plans, or are properties of people who decided to build them. The price usually varies according to the market and its surroundings.

Properties in pre-construction or new developments
There are large developers in the United States that are dedicated to the construction of real estate. These projects begin to be sold even before construction starts. In general, the longer it takes to finish construction, the better the purchase price will be. If you can wait, if you are in no rush, you could find good investment opportunities in this market. Ask your Real Estate Agent about these new developments.

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