I frequently get asked by clients to outline the differences between a purchase of a resale home and a purchase of a new home from a Builder.
From a legal point of view, the most significant difference is the Agreement of Purchase and Sale itself. In other words, the contract is the difference. The contract in the purchase of a resale home is one your real agent will go over with you and one that has many traditional answers pursuant to the law that has developed around that Agreement.
When you purchase …