We find ourselves in a very unique position on this one. For the first time I can remember, the builder and the consumer seem to have their interests aligned. The builders that are still around and have cash reserves are scooping up properties that other builders could not sustain, and in many cases doing so with the pad already established for each lot in the community. They are then able to build today's right sized house at a price the market will support.
I just completed a contract with a client that found the lack of "A" space disconcerting. A bad inspection, and by this I do not mean a bad inspector, killed the only perceived 3200 square foot "A" space that caught their eye. After doing a bit of homework, I found a builder who had the floor plan, quality, size and location that they wanted. We looked yesterday, went back early this afternoon, and were under contract by 6:00 pm.
Did I mention that the client gets a great product without all the maintenance questions and headaches that abound in today's distressed laden market. Oh yeah, they did so at a $60,000 discount to their original contract that fell through.
I do question if this model can be sustained when builders are forced to pay normal prices for their properties, but in the meantime it can be a windfall for a client.
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