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To: Maurice Winn who wrote (257)	1/24/2004 2:35:31 PM
From: Ilaine	Respond to of 621

Where I live, the only new home construction is very large houses on tiny lots, so it's impossible to compare to older homes, but I don't think there's much difference in the price of a brand new house and a 2 year old house. If the 2 year old house needs something fixed you can either ask for it to be fixed and pay the asking price, or ask them to knock off the price of getting it fixed. If an older house needs fixing-up, you could certainly buy it cheaper than a similar house in perfect shape, but the owners usually prefer to spend the money to fix it up themselves and sell it. Very similar houses in the same location otherwise sell for the same price. The biggest factor in price is location.

To: Maurice Winn who wrote (257)	1/24/2004 11:09:01 PM
From: JF Quinnelly	Read Replies (1) \| Respond to of 621

You really don't see vacant lots next door to 2 yr old houses here, except for neighborhoods of very expensive, custom built homes. Housing here is built in tracts so that the developers can achieve economies of scale. I sometimes see vacant lots among older neighborhoods, 40-50 yrs old, but you would be talking about building a semi-custom house in that situation. I'll have to see if I can find some sort of answer to your question- I have some contractors on my route.