I mean, most of them eventually reduce the price, right?
Time and time again, we see builders of new homes, primarily those over $2,000,000, price the property far higher than anything resembling fair market value, and reduce over, and over, and over, until the property finally sells.
Why is this?
Why do builders do the complete opposite of what resellers of single-family homes do?
Let’s take a look at the reasons; both those which are logical, and those which make no sense…