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Take Advantage of the Builder’s Market with Spec Home Financing in Az
The demand for homes is high, but supply is low. Due to this, spec home construction and spec home financing are a growing trend intent upon meeting market needs.The housing market has been on the rise for the past year. Real estate has grown. Housing prices have risen amid the bustle of sales and demand for property. However, the growth has created a shortage of existing properties available on the market, and with a shortage of available homes has arisen a demand for more homes to be constructed.
Real estate investors dealing with the construction of residential homes have recently found spec homes to be a profitable niche, some may even argue more profitable than flipping or renovating. The latter two dealing with primarily acquiring distressed properties in order to either sell or lease. While these types of investments are not without their perks, they can become difficult at times when distressed real estate is scare. Such is the state of the current market, where fewer homes, even distressed ones, are available and demand continues to rise. Where flippers and renovators need to scrounge for available properties in lessened conditions, builders of spec homes may purchase a lot and build thus circumventing ... more

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