Posted by
Charissa Lockett

Can I list a resale as new construction

The sellers have completed renovated their homes down the studs

Post an Answer
Report Abuse:
Click Here
Asked by
REALTORS®
Status
Open

Can I list a resale as new construction

By Charissa Lockett   
Posted on Jan 20, 2021 in Topic: Realtor Only
Add to Favorites
 
The sellers have completed renovated their homes down the studs
Status: Open
Viewed: 250
Asked by: REALTORS®
Posted: 1 month ago
Report Abuse: Click Here
Bronze
Pinky Pirani
about 1 month ago
Yes if its new construction home never lived in


about 1 month ago
Silver
Penny Clissold
about 1 month ago
NO!!! New Construction means never lived in.


about 1 month ago
Bronze
Rola Naffa
about 1 month ago
NO, New Construction means never lived in.


about 1 month ago
Bronze
Julian Cortinas
about 1 month ago
No. Resale Listing; is specific to any style of residential that is not, New Construction.


about 1 month ago
Bronze
Dabira Olowu
about 1 month ago
No


about 1 month ago
Bronze
Abbas Naqvi
about 1 month ago
Sellers may have renovated the home to the studs but it will not qualify as new construction.

You can list it as a newly remodeled home to get more attention than other listings in the area.


about 1 month ago
Bronze
Nicki Huprich
about 1 month ago
If it is a renovation it is not a new construction, even if it was taken down to the studs. You can just market it as a renovation taken to the studs. Be clear on what was actually replaced. Some people take it down to the studs but don't replace all electric, plumbing, etc.

If the home is a brand new construction, someone bought it and never lived in it or did anything to it then it could still be a new construction and not a resale listing. For instance, a buyer buys a home that was completed in December 2020 and they close on it 12/30/2020. The buyer then finds out they are transferred for a job and can not move into the home. On 1/3/21 they have to relist the home to sell it. It can be listed as a new construction home, as it was still never lived in.


about 1 month ago
Bronze
Sheena Singer
about 1 month ago
No, you should not list a resale home as new construction. A resale was previously owned.
To do so would be a misrepresentation of the
truth, a violation of the Realtors code of ethics.


about 1 month ago
Bronze
Vhara Salvadori
about 1 month ago
No! New construction means everything is new and never lived in. Renovated down to studs means home has elements of new and still retains original components - in this case if only renovated down to studs then it retains its original structure, foundation, roof, etc. which is and always will mean renovated.
You can say “renovated down to studs but feels like new”, but it is and always will be a renovated property.


about 1 month ago
Bronze
Michele Marano
about 1 month ago
If it is a Re-Sale that means it was previously purchased "new construction." The original owner purchased it as "new construction" so it can't be purchased as "new construction" twice. You have to look at it this way, rather than the age of the home. Even though it may be new its not considered, in technical terms, "new construction" if it has been purchased previously. You will need to know this as an agent especially if you are working in this arena.


about 1 month ago
Bronze
Jenna Horton
about 1 month ago
Good morning. Only if the home has never been lived in or owned by anyone other than the builder. Otherwise, it is not considered as new construction. I hope this helps. :)


about 1 month ago
Bronze
Raquel Valle
about 1 month ago
If it's a resale then it's not considered New Construction.


about 1 month ago
Silver
Doris Snipp
about 1 month ago
No. New construction begins when steps are taken to construct a non existing home on an unimproved lot or acreage including preparing and testing the soils. Renovation is the act of replacing materials or products. Basically you or upgrading or updating or remodeling an existing home. You could even change the floor plan, but it is still just a change to an existing home. Make sure you adhere to the strict rules of truth in advertising regarding real estate. Avoid deceptive advertising and it’s possible penalities


about 1 month ago
Platinum
Yvonne Chauvin
about 1 month ago
No, you may not. A renovated resale is still not a new construction.
Thank you,


about 1 month ago
Bronze
Edith Smith
about 1 month ago
No. You can never list a re-sale property as a new home regardless of how much improvements
or upgrade that was made on the house. That would be comparing a 63 year old athletics to a 16 year athletics.
New homes has less maintenance why older homes tend to have unexpected repairs, therefore, will save more money at the run.


Source:


Business and personal experience.

about 1 month ago
Bronze
Dione Wiltz
about 1 month ago
No.
If the resale home has been (updated) newly constructed, Yes.


about 1 month ago
Bronze
Sharon Miller
about 4 weeks ago
Hello Charissa, go to the counties CAD website, enter the property address. If the address is listed, this home cannot not be listed as new construction. If your client insist that you list the property, as new construction. Explain to your client the consequences await you for incorrectly listing the property.


about 4 weeks ago
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
Advertisement
Advertisement

Find a Pro

Search Real Estate Professionals

Advertisement