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In industry parlance, it is not exactly called "New or Used." Homes aren't "used" necessarily but are classified as "existing." Whilst an existing home in a position to "new" to you, it isn't new when categorizing real estate. Why Do New Year's Resolutions Lose Money? is an individual which has never been lived in whereas an existing home displays.
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An existing home is in an established neighborhood, where values can more become justified. Existing homes could be in an excellent district with an historically high rating or even be located closer to downtown or employment avenues. New homes are often found outside of the center city in newer, developed areas while existing homes found themselves bombarded by winding streets, friendly sidewalks and tall, mature trees to provide both beauty and relieve.
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