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Closeouts……Homes and Stuff

By
Services for Real Estate Pros with Referral Group Incorporated

There was a time about 20 years ago when builders actually had spec homes as well as closeouts at the end of a project that were either fall throughs or builders models formally used as offices. When a builder wanted to get out and close their own loans a buyer could sometimes get a good deal if they could close quickly.

I wonder if these deals still exist? I would guess sometimes, and working with a really good agent could make all the difference in the world. Go it alone or rely on the expertise and connections of a local expert I will get you. Closeouts can be for you. Let's talk.

Posted by

When you think about real estate, it is time to focus. I have helped people for close to thirty years in all areas, and made the process not only simple but enjoyable. Why should you go it alone or settle for less? Call me and find a partner to help, direct and get you where you want to be.

Sheila Anderson

The Real Estate Whisperer...... Consultant, Trainer, Facilitator 732-715-1133

 

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sheila I do not see as many spec homes as I once use to but there are still some and good deals can be had.

Aug 02, 2016 08:04 AM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Thank you George.    Sheila

Aug 02, 2016 08:16 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Sheila - that is a very good thought.  And you know, of course, that the model/office had the upgrades.

Aug 02, 2016 08:40 AM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Indeed Grant. TY      Sheila

Aug 02, 2016 08:43 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

I haven't noticed any spec or close-out sales here in the Greater Sacramento region for quite some time.

Aug 02, 2016 09:24 AM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Thanks Myrl.     Sheila

Aug 02, 2016 09:32 AM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

There may be some available in a few areas around the country Sheila Anderson but not in my market...we don't have enough inventory to go around!

Aug 02, 2016 12:00 PM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

I think they do in some cases Sheila. Innovative financing and marketing is not a thing of the past. New builds are getting more popular.

Aug 02, 2016 01:20 PM
James Dray
Fathom Realty - Bentonville, AR

Good morning Sheila.  I'm not aware of anything like that around here.  Market is still going strong. 

Aug 02, 2016 06:19 PM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Thank you Lisa.    Sheila

Aug 02, 2016 09:39 PM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Hi Noah. TY     Sheila

Aug 02, 2016 09:40 PM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Thank you James.      Sheila

Aug 02, 2016 09:40 PM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
Retired New Hampshire Home Stager

Well based on the comments so far it doesn't appear they are available anymore. Could be a great deal if you could find one though!

Aug 02, 2016 11:26 PM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Hi Sharon. They certainly were. TY     Sheila

Aug 02, 2016 11:29 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

We do see spec homes hit the market hit from time to time.  Not unusual.

Aug 03, 2016 10:23 AM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Thank you Chris Ann.      Sheila

Aug 03, 2016 11:34 AM
JM Padron, CCIM, CCP
THE JMTEAM NETWORK - Destin, FL
CCIM, CCP, International Commercial Broker

This is a great reminder, in my market that is not as usual as it used to be, I remember those days that buyer could get excellent deals with the model/office homes. 

Aug 03, 2016 10:23 PM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Sheila Anderson just saw this on JM's blog...but I was coming here anyway!!  there are NO new construction deals in my area....buy before the price goes up is the saying in my marketplace....

Aug 03, 2016 10:50 PM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Thanks JM.    Sheila

Aug 03, 2016 11:06 PM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Thanks Barbara. Good to know. TY     Sheila

Aug 03, 2016 11:07 PM