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Message
re: Homebuilders cancelling contracts to sell for more on market
Posted on 3/28/22 at 3:11 pm to Areddishfish
Posted on 3/28/22 at 3:11 pm to Areddishfish
quote:
At this point you'd do better just to buy your own lot and build your own house versus buying in a development.
Yes but in many cities even finding a lot is out of range for most people and you will more than likely need cash to move on it. That is if builders don't snatch it up before you do since they usually know about it before the general public. Then throw in subcontracting your own house for people that can't even build a house out of legos. There are a ton of people that are not nearly liquid or resourceful enough.
1
Posted on 3/28/22 at 7:08 pm to stout
quote:
Yes but in many cities even finding a lot is out of range for most people and you will more than likely need cash to move on it. That is if builders don't snatch it up before you do since they usually know about it before the general public.
Yep. We were casually keeping an eye on lots the past year, and it was wild what we would come across.
We close on a house this week that we feel incredibly lucky having found, and I just saw today that a dilapidated tear-down one street over on a lot slightly smaller than our new one is "sale pending".... for $775k
$775k to tear down and build. Mind blowing.
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