Rehabbing near new construction

[Stephanie Anson]

Anyone have any experience rehabbing a home and selling where there is new construction in the same neighborhood.....Bad idea??? Ok if priced right to sell....any thoughts?

[Don Hines]

I put an offer on one last Fall that would have been in the same situation. I didn't make the deal. But, my stratagy was to be about $15 @ foot cheaper than the new homes were asking. My subject property had a better lot than the new ones plus the rehab was going to be better than new. It already had lawn sprinklers and a security system installed. Just make sure your deal will be better and offers more.
I need to investigate that property again. I think my offer was beat by an owner occupant.
Don