Sold our house recently and are waiting on our new construction house to finish building. Our price was locked in April.
Its in a newish neighborhood thats relatively small. During this summer boom in real estate costs, no one in the new neighborhood sold. The first house just hit market today. They are asking 40% more per sq ft than what I’m paying.
With the house sizes, this 40% increase is a massive jump.
My question; anyone here ever bought a new construction and then immediately listed for a 30-40% premium? What’s my obstacles? All of my stuff is already in storage as well