"We spent your $160,000 building the house..." When dealing directly with a local builder, new home buyers should know that the deposit that their builder will collect with the contract is treated differently in custom home purchases than in local resale transactions. Escrow Accounts Operating Accounts Builder default As I have driven Continue Reading
New Home Trends
You can study sites like Houzz.com all day long for new home trends, but nothing is more educational than working with clients and getting into a couple hundred new homes over the past year. That number may not seem like a lot to people who live in a subdivision built by one builder, like a typical Toll Brothers community where the same model is Continue Reading
The New Home Timeline
A new home builder in Vienna asked me recently when he should expect home buyers to decide to buy his spec homes. My answer was, "as soon as you get the HardiPlank siding up, metal roof on the porch, and front door on." Based on my experience with new home buyers in this niche market, they want to see a spec about 80% done before they'll decide Continue Reading
