Ten years ago, pre-construction home could save you a ton of money, unfortunately, those days are gone. Most builders price condos and homes at anticipated future market value. This means a potential buyer will be paying what the builder thinks the home will be worth when it is completed and occupied. In addition, resale homes tend to be in established neighbourhoods, which can give an accurate sense of what the community will be like to live in. From existing infrastructure, schools and businesses serving the area, you can paint an accurate picture with some diligence. School districts, shopping centres and churches are all there already. There is usually no construction, enhancing the quiet atmosphere. Not to mention the additional costs when buying new construction vs resale including window coverings, eavestrophing, appliances, mature landscaping.
Benefits of Buying Resale
Get notifications as soon as new homes come on the market
Agent613.ca's exclusive buyer matching system will automatically email you the details of all listings that meet your requirements as soon as they come on the market. Fill out the contact information fields on this page, and we’ll connect to quickly set up your requirements.
Exclusive buyer matching system: how it works
Agent613.ca has developed the most effective way to deliver the properties you want to see. He will email, fax, or mail you new listings (complete with prices, addresses and descriptions) of ALL MLS properties that match your home buying criteria. Get the results that you want, with specific, relevant, and important information about the Real Estate process.
This is a made in Ottawa system, unlike most programs currently offered. Now offering alerts by email, text message, SMS, and coming soon Facebook. This will allow you to choose which homes you want to view before other buyers even know about them.
You get updates of all new home listings that match your criteria FREE of charge and you get them first, before most other buyers, which puts you in a better position should you find the home that meets your needs.
Because you’re there first, before most other buyers, he is able to negotiate the lowest possible price for you. Most importantly, your time isn’t wasted looking at homes that don’t interest you.
Why using Agent613.ca for resale homes is a must
Anticipate future value
As well, an existing community will have a record of sales performance that can be tracked through historical data. This allows you to better determine value when deciding location and which home to purchase.
The old saying, “they don’t make them like they used to” can cut both ways: Many older homes have been built to last with sturdy materials and fine workmanship, but newer homes can take advantage of advances in materials technology and construction standards.
Unlock hidden potential
Buying an older home that requires some TLC can allow you to unlock some of the hidden potential of that home, whether it be for use and functionality or value down the road.
Get the features you may not want to splurge on
Extra features are often included in resale homes, items such as: air conditioning, finished basements, hardwood floors, eavestrophing, blinds and drapes, landscaping, decks and patios and even appliances which would cost extra in a new construction.
As a third party, Agent613.ca can ensure that you can get the best possible price. Not to mention with resale homes there is generally a better opportunity for negotiating. Closing dates, price and chattels included or excluded can all be negotiated to better suit your needs.
Shorter times to close
When applying for a mortgage, lenders cannot usually guarantee rates past 120 days. Since the majority of resale properties close in a shorter time frame it is easier for a buyer purchasing a resale to lock into a rate, than a new construction who would generally have to reapply for their mortgage rate.