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To: MeneMeneTekelUpharsin
Rather, desperate home builders are simply resorting to extreme measures to keep inventories of unsold homes from mounting sky-high and prices from going into a free fall.

I just bought a new home in N. Texas. The builder put up $15,000 in incentives, which I used on a few upgrades and down payment. The mortgage is for $149,000. The appraisal came in at $162,000.

19 posted on 11/09/2006 5:33:27 PM PST by Lunatic Fringe (Say "NO" to the Trans-Texas Corridor)
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To: Lunatic Fringe
The appraisal came in at $162,000.

How big a home? No. of bedrooms, and square foot of interior?

23 posted on 11/09/2006 5:35:35 PM PST by freedomdefender
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To: Lunatic Fringe

What part of N. Texas? Sounds as if you got a great deal.


66 posted on 11/10/2006 4:48:32 AM PST by Irish Eyes
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