Re: Builder ready to dump home at cost
Joe,
Dump could be used as selling below cost. It could also mean selling at cost when it is currently worth much more. If someone bought a home back in 2001 and sold it at the same price today I would say they are dumping it.
This home is currently listed at $262 a square foot. All comparable homes are $300+ per square foot. This price per square foot of course includes the price of the lot.
The house looks great, and that is a lot of house for the price.
However, I fail to see your reasoning. First, a property is not worth more than someone is willing to pay for it. Second, your example is using a home bought in 2001, and I would agree with that statement that if it sold today at the same price as back in 2001, they are dumping it. However, this home was built 2006. I don't understand how your example works for this home.
Again, the house looks nice.