I am affraid that the second phase of homes may sell for less due to the economy and such.
2007-12-27 13:53:49 · 4 answers · asked by shelle.carrasco 2 in Business & Finance ➔ Renting & Real Estate
The developer can sell 2nd phase homes cheaper than he can 1st phase for any reason or no reason at all. Most of the time , he may be in an economic crunch, where he has to raise funds to keep going , or pay for the land or substructures which may have been included in the 1st phase prices.Perhaps his whole profit will hinge on the rapidity with which he disposes 2nd phase homes.
2007-12-27 14:06:24 · answer #1 · answered by googie 7 · 0⤊ 0⤋
Your fear may soon be realized. The builder/developer may need to do it to survive. They can price the phase how they choose, but the market will prevail.
2007-12-27 14:25:53 · answer #2 · answered by tampabaycreditdoctor 3 · 0⤊ 0⤋
Houses can be sold for any price. If the market is down, they sell for less.
2007-12-27 13:59:15 · answer #3 · answered by Anonymous · 2⤊ 0⤋
yup.
yes . for sure.
supply exceeds demand then prices must go down.
2007-12-27 14:28:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋