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Message
re: Avoid turnkey pricing?
Posted on 8/29/14 at 10:46 am to ForeLSU
Posted on 8/29/14 at 10:46 am to ForeLSU
quote:
I may be wrong but I'm not sure a builder is going to finance and close on a house where you already own the lot.
Just get construction loan. Can go cost plus or turnkey with that route. Then switch to perm at closing.
Most builders cant finance project on land they don't own
2
Posted on 8/29/14 at 11:20 am to ItNeverRains
DOUBLE POST
This post was edited on 8/29/14 at 11:22 am
Posted on 8/29/14 at 11:21 am to ItNeverRains
quote:
Just get construction loan. Can go cost plus or turnkey with that route. Then switch to perm at closing. Most builders cant finance project on land they don't own
This is what I thought. All of the people I talked with knew I owned the lot. So, in this scenario, the only thing turnkey would be is "hey I'll bid a total price on the high side and guarantee it won't change"? Is this the correct assumption?
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