Buying New Construction versus Resale-Land O' Lakes, FL

Some communities in the Tampa Bay area have abundance of homes for sale. Wilderness Lake Preserve, in Pasco County, has 71 homes on the market. That doesn't include what the builders have in their inventory. That may be discouraging for sellers who want to sell their home, but good news for new home buyers. Some of the original buyers were investors who purchased a year or so ago, and some are families that after a year are finding their lives have changed. Maybe a spouse has gotten a job opportunity in another state, and so on.

Wilderness Lake Preserve, is a 680 acre master-planned community surrounding a crystal-clear spring-fed lake. It features a Rustic Lodge style clubhouse, Activities Center, Nature Center, a Swimming Hole and a Bath House & Spa. What more could a homeowner want?

While some are still waiting to see what happens with the market, there are still people who are looking for a place to live. Now may be the best time to purchase but you'll want to know all your options. Don't limit yourself to the builders inventory. Some communities don't allow "for sale" signs so you'll want to contact a Realtor that can show you what is available for resale.

Advantages for homebuyers are the selection of resale homes to choose from. Since most of the premium lots with views and conservation tend to sell at the beginning stages of the sales process, you may find just what you are looking for in a resale property. Another advantage is the convenience factor. There is something to be said for the whole process of building and having contractors coming and going for months after closing fixing those last punch out items. It's like getting a new home without the hassle and inconvenience. The prices are also competitive since the contract price was most likely set a year or more before the completion of the home.

Rae Catanese-Shatto, a Realtor who specializes in new construction, can be reached at Prudential Tropical Realty- 813-784-7744 or send an email to: realtyrae@yahoo.com