Ep. 22 | Selling Inventory Homes | Staging Homes to Sell Faster | How to Buy a Spec Home
Update: 2020-10-25
Description
Builders always plan to build inventory homes to get more closing by the end of the year. With low real estate inventory builders can't build fast enough to keep up with the demand for inventory so incentives are getting lower. Just because a builder has inventory doesn't mean they need to negotiate and they aren't anymore.
Staging is a great way to sell an inventory home faster. It allows the buyer to imagine their furniture in the home and how they'd live in it. When builders have an inventory home that is completed and hasn't sold fast enough they'll stage the home and typically it sells right away.
It takes between 6-8 months to build a new home. For buyers that don't want to wait 8 months to build they can find a planned spec home from a builder. If you can get a spec home while its in permitting you have the chance to still select all the design options to customize it to yourself.
Staging is a great way to sell an inventory home faster. It allows the buyer to imagine their furniture in the home and how they'd live in it. When builders have an inventory home that is completed and hasn't sold fast enough they'll stage the home and typically it sells right away.
It takes between 6-8 months to build a new home. For buyers that don't want to wait 8 months to build they can find a planned spec home from a builder. If you can get a spec home while its in permitting you have the chance to still select all the design options to customize it to yourself.
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