It’s a double edged sword Bsrsharma, older houses can have their issues as well. The last five years the builders were making plenty of money so the quality was pretty good, the mid nineties saw very little builder profit so a lot of corners got cut. Todays windows, copper pipes, insulation and fireproofing are reasons to weigh newer vs older construction. S.D. is totally right about the emotional buyers in new developments but don’t just assume that anything over 5 years old is better, always research the crap out of anything you get serious about. SD, isn’t it true that if a buyer places a deposit based on the builder pre-qualing them and the loan program or the lender vanishes during construction that the buyer is usually refunded their deposit. I know of people who were given their money back recently because the 0 down programs available two months ago went away due to the lenders changing their rules, not the buyer changing their mind.
