Builder ready to sell home at cost

Re: Builder ready to dump home at cost

Sorry, my email is JMAC1982@aol.com. Email me if you have any questions.

Re: Builder ready to dump home at cost

I'll be happy to meet you anytime to view the home. You will be impressed!

Re: Builder ready to dump home at cost

Re: Builder ready to dump home at cost

Re: Builder ready to dump home at cost

Re: Builder ready to dump home at cost

I thought the word "dump" in today's market meant selling below cost. :idontno:

Re: Builder ready to dump home at cost

Joe,
Dump could be used as selling below cost. It could also mean selling at cost when it is currently worth much more. If someone bought a home back in 2001 and sold it at the same price today I would say they are dumping it.
This home is currently listed at $262 a square foot. All comparable homes are $300+ per square foot. This price per square foot of course includes the price of the lot.

Re: Builder ready to dump home at cost

Joe,
Dump could be used as selling below cost. It could also mean selling at cost when it is currently worth much more. If someone bought a home back in 2001 and sold it at the same price today I would say they are dumping it.
This home is currently listed at $262 a square foot. All comparable homes are $300+ per square foot. This price per square foot of course includes the price of the lot.

The house looks great, and that is a lot of house for the price.

However, I fail to see your reasoning. First, a property is not worth more than someone is willing to pay for it. Second, your example is using a home bought in 2001, and I would agree with that statement that if it sold today at the same price as back in 2001, they are dumping it. However, this home was built 2006. I don't understand how your example works for this home.

Again, the house looks nice.

Re: Builder ready to dump home at cost

It's a beautiful house Josh - I wish you the best of luck selling it. I will keep it in mind for my clients.
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Re: Builder ready to dump home at cost

It is a beautiful home - love it! Think positive. ;-)
Good luck!:clap_1:

Re: Builder ready to dump home at cost

I'm sure the builder purchased the lot for more that $195 and I believe Josh mentioned the builder would sell for what he had in the home. Times are a little tough right now and getting better but let's give the guy a break, he's working here folks, just my opinion.

Re: Builder ready to dump home at cost

I'm sure the builder purchased the lot for more that $195 and I believe Josh mentioned the builder would sell for what he had in the home. Times are a little tough right now and getting better but let's give the guy a break, he's working here folks, just my opinion.

My sentiments exactly! :clap_1::clap_1:

FYI:

The last sale in Cypress Breeze

3,625 sq ft

sale price $743,000

closing 9-11-06

$204 sq ft

All the bells and whistels...............

Good Luck

Re: Builder ready to dump home at cost

I'm sure the builder purchased the lot for more that $195 and I believe Josh mentioned the builder would sell for what he had in the home. Times are a little tough right now and getting better but let's give the guy a break, he's working here folks, just my opinion.

That's right Franny! :clap_1:

Josh, I may contact you to have a closer look.
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Lovely house! Wish the better half and I could afford it and get out of Memphis! :bang:

Re: Builder ready to dump home at cost

I'm sure the builder purchased the lot for more that $195 and I believe Josh mentioned the builder would sell for what he had in the home. Times are a little tough right now and getting better but let's give the guy a break, he's working here folks, just my opinion.

That's right. I'll repeat. In threads about specific properties for sale we are trying to help people out. If there's an obvious problem with a post about a property and you feel the need to call someone out that's one thing. But personal opinions about a specific property or neighborhood are best left unsaid.

Wow, thanks guys. Glad to see some more postive minded people around here. I haven't seen too many since I joined the board. I'm just trying to do my job. I'm also willing to add as much free advice to this board as possible. To Joho I believe it was. Good information on 33 Cherry Laurel. I sold that home in August of 2006. It is built by the same builder as 29 Basswood, which is my father. It is not in the same league as Basswood though. I have seen the numbers on building costs on both homes. We sold Cherry Laurel for $743,000 and it received an appraisal at $950,000 at that time. This home has an appraisal that is a month old at $1,080,000. Once again, thank you for your support guys.

I have to post a pic of the beautiful Cypress Breeze pool just for Mermaid! This pool is around 14,000 square foot with 11 waterfalls. I believe it holds around 500,000 gallons of water and cost $4,000,000 to build.

I have said before the pool was open that kids will never want to go to the beach after playing in the pool. After being under construction for 2.5 years, maybe we will get a chance to see some kids playing in the pool this spring, rather than the guys were were building it.