Entering into contract

[pandu123b]

44 minutes ago, Thokkalee said:

New home prices won’t go down.. at best, the builders will offer you some upgrades for free… if you are ok with buying an old home, this could be the time as there will be lot of homes that will be in the market this summer.. 

Builder ni interest rate lock chestademo adugu.. 

em lokam lo unnav raja!!

all prices coming down..

nuv sign chesavani , avi padakunda undavu😂

[pandu123b]

1 hour ago, KothaKurrodu said:

3800 sq.ft home. Nonrefundable ani thinking

Trying to understand…

why do you need 3800 sqft house bro..

if you find 2500 for 100k less , would you be interested?

[nokia123]

1 hour ago, pandu123b said:

em lokam lo unnav raja!!

all prices coming down..

nuv sign chesavani , avi padakunda undavu😂

old homes inventory perigi prices down ayyaka...new homes ave prices tho unte evadu kontadu...people will go old homes as they are getting a better deal there..

inka new home builders kooda thagginchali sales avvali ante...

its all demand and supply

[FLraja]

1 hour ago, pandu123b said:

em lokam lo unnav raja!!

all prices coming down..

nuv sign chesavani , avi padakunda undavu😂

No you are wrong @Thokkaleedescribed well. Usually builders give incentives upgrades but not reduce rates. Worst case lo they stop building for a while 

[Thokkalee]

1 hour ago, pandu123b said:

em lokam lo unnav raja!!

all prices coming down..

nuv sign chesavani , avi padakunda undavu😂

New homes ippudu sign chesthe, one year or after istunnadu… few of my friends signed homes 6 months ago and the builder hasn’t started the construction yet.. god knows when he will complete it.. and pretty much everyone put in a min of 25K as earnest money.. they will lose that if they back out… so builders are good for the next 1-2 years… nenu cheppedi high demand cities like Dallas and Austin and Charlotte… it will be different in low demand cities.. even in Dallas and Austin, south side ekkuva demand ledu.. only in the Nortj of these cities.. 

[Apple_Banana]

It’s all depends on 

22 minutes ago, Thokkalee said:

New homes ippudu sign chesthe, one year or after istunnadu… few of my friends signed homes 6 months ago and the builder hasn’t started the construction yet.. god knows when he will complete it.. and pretty much everyone put in a min of 25K as earnest money.. they will lose that if they back out… so builders are good for the next 1-2 years… nenu cheppedi high demand cities like Dallas and Austin and Charlotte… it will be different in low demand cities.. even in Dallas and Austin, south side ekkuva demand ledu.. only in the Nortj of these cities.. 

it’s all depends on market, you will see price drops on used homes initially but you will see the same on new homes too. Builders have to build homes that’s business whether market down or up. They took millions of money from fed now they have to pay back so they have to sell at any cost. 

[sureshkonda]

50 minutes ago, Thokkalee said:

New homes ippudu sign chesthe, one year or after istunnadu… few of my friends signed homes 6 months ago and the builder hasn’t started the construction yet.. god knows when he will complete it.. and pretty much everyone put in a min of 25K as earnest money.. they will lose that if they back out… so builders are good for the next 1-2 years… nenu cheppedi high demand cities like Dallas and Austin and Charlotte… it will be different in low demand cities.. even in Dallas and Austin, south side ekkuva demand ledu.. only in the Nortj of these cities.. 

new homes are only built based on lot purchase. nuvvu oka lot konte builder illu katti isthadu. lots ki demand lekunte builder ki enduku loss ? He will wait until there is a demand.  so new home prices thaggav

[Deadp0ol2]

42 minutes ago, sureshkonda said:

new homes are only built based on lot purchase. nuvvu oka lot konte builder illu katti isthadu. lots ki demand lekunte builder ki enduku loss ? He will wait until there is a demand.  so new home prices thaggav

Out of 10 people 7 people may choose used home over new home if it's coming for lesser price. In future, If US economy tries to tame inflation then new home prices should also come down no matter what builder tries to do to keep the prices inflated.

[sarvayogi]

15 hours ago, KothaKurrodu said:

Bros.. ee time lo home contract sign cheyadam safe aa with 5% earnest  money. Ma dosth gaadu asking me raleigh lo. 640k price with 5% deposit anta… 

You have to look at things like these in 2 ways

1)Ammo ippudu nenu afford cheyyagalana..manaki enduku ivanni..and keep waiting years together for the day to come

2)first buy and because you are obliged to pay , then automatically you will figure out a way to earn and pay...

[Guest]

1 hour ago, sureshkonda said:

new homes are only built based on lot purchase. nuvvu oka lot konte builder illu katti isthadu. lots ki demand lekunte builder ki enduku loss ? He will wait until there is a demand.  so new home prices thaggav

It’s not like that. They won’t wait forever for lot purchase, they will go ahead and build based on previous phases completion and their timelines agreed with the county

[sureshkonda]

50 minutes ago, Guest said:

It’s not like that. They won’t wait forever for lot purchase, they will go ahead and build based on previous phases completion and their timelines agreed with the county

atla undadu vaya. builder land purchase chesinaka lots ammukovudu athani choice. lots ammudu kakunte builders illu enduku start chestharu ? example chepthanu. ma daggara second phase 10 lots unte 7 lots ki buyers purchase agreements sign chesaru. inka  remaining 3 lots reit companies ki ammukunnadu last week. inka price drop ekkada undi ?

[pandu123b]

1 hour ago, sureshkonda said:

atla undadu vaya. builder land purchase chesinaka lots ammukovudu athani choice. lots ammudu kakunte builders illu enduku start chestharu ? example chepthanu. ma daggara second phase 10 lots unte 7 lots ki buyers purchase agreements sign chesaru. inka  remaining 3 lots reit companies ki ammukunnadu last week. inka price drop ekkada undi ?

em logic ra na raja!!🤣

for example,builder ki 500 k ki sold chesina profit , 800 k aina profit e raja!!

nuv high konav ani , nuv feel avtani vadu vyaparam stop chestadu anukuntunnava?

the same way it increased, it will decrease.. don’t worry, it’s already happening everywhere, you will come out of bubble soon, its just a phase..

[Guest]

3 hours ago, sureshkonda said:

atla undadu vaya. builder land purchase chesinaka lots ammukovudu athani choice. lots ammudu kakunte builders illu enduku start chestharu ? example chepthanu. ma daggara second phase 10 lots unte 7 lots ki buyers purchase agreements sign chesaru. inka  remaining 3 lots reit companies ki ammukunnadu last week. inka price drop ekkada undi ?

Ippudu konni lots migilay ankunte..avi atlage vadileyaru, they will have to complete construction no matter what. Basic upgrades tho complete chestharu and those houses will be in market individually later. This is what I have seen here California 

[Netflixmovieguz]

7 hours ago, FLraja said:

No you are wrong @Thokkaleedescribed well. Usually builders give incentives upgrades but not reduce rates. Worst case lo they stop building for a while 

It’s like stopping the iPhone manufacturing 

[BeerBob123]

Congratulations uncle