"Spec homes" is a term used to describe houses that are built by a developer or builder without having a specific buyer lined up yet. These homes are built with the hope that someone will purchase them once they are complete.
Full definition
For those in a hurry to enjoy the serenity and beauty, there are some already -
built spec homes for sale.
In 2014, one in three custom homes built by the owner were financed with cash, while less than 9 percent
of spec homes were purchased with cash.
I grew up as a son of a residential contractor who built and
sold spec homes.
I sell real - estate part time and work building custom homes /
spec homes during the day!
Custom homes lack the economies of scale
of spec homes, making it difficult for builders to negotiate prices, and often requiring building components to be shipped individually, which increases costs.
Mellott said investors building
spec homes in Missoula priced over $ 350,000 are fine for now, though that could change if the market corrects itself.
She began by selling luxury
spec homes for a local developer in the town of Paradise Valley and went on to extend her reach to nearby Scottsdale and Phoenix.
I found a partner and now good friend that taught me how to build new construction and who I've started building spec homes with
Therefore, it is not surprising that more than half of single -
family spec homes started in New England are built on some of the largest lots in the nation, with more than half of the lots exceeding half an acre.
Just in case you're new here — Welcome to Suburban B's — we're Erin and Tricia and we're all about turning our basic builder
spec homes into spaces we love while raising three kids in the «burbs.
These divisions register the highest three
spec home shares — 82 percent in Mountain, 79 percent in South Atlantic, and 78 percent in Pacific.
We would invest 100 - 125K into building a nice
little spec home and sell it for quite a bit more than our initial investment (that will be around 200K total).
Tosca and his partner, Gus De Ribeaux,
offer spec homes that include customizable features for virtually every aspect of the design.
We're building 500k - 600k
spec homes next to some eyesores that need to be «taken care of»:)
The new - home sales process in the U.S. became protracted in recent years when lending for individual builders of
spec homes evaporated.
Why not invest that money into your business of building
more spec homes or flipping houses?
This stunning $ 674,900 new construction in Charlotte, NC sat on the market for 9 months as a home builder's
vacant spec home.
This gorgeous builder
spec home by Evergreene Homes, one of our most loyal builders, was staged by Maggie and her team.
Generally spec homes have cabinets painted with a semigloss oil for durability, it's also just as common for them to have lacquer on them.
Here are a few of the final pre-occupancy images from our
latest spec home... which sold prior to completion and broke a price record for the NW community of Hillhurt... HOLLA!
Recruited engineers, septic designer, land attorneys and brokers to develop, market and sell
spec homes in the seacoast of NH.
Vision Properties has built custom and
spec homes for owners looking to make their dream home a reality.
There seems to be a systemic sense of entitlement among many working class married couples that BEING middle class means entitlement to
expensive spec homes, 2 trips a year, and a lifestyle that 30 years ago was reserved for divorce lawyers and movie stars.
As the market slowly rebounded, Kevin added a luxury division to his S4 Group which today includes luxury resales as well as
custom spec homes and build to suit customs.
Erin and I blog about all things suburban and how we're transforming our builder
spec homes into spaces we love.
Thirty - one percent
of spec homes built in the first quarter of this year by major builders were smaller than 2,250 square feet, according to Zelman & Associates, a housing research firm.
There are large master planned housing developments, smaller designer housing tracts, and custom new -
construction spec homes, built to your specific interests and desires.
We saw multiple lots, where we could develop a property, and we also saw an already
built spec home we could have immediately.
A growing number of the $ 100 million listings are
spec homes, or newly built homes built on «speculation» by a builder to sell.
Unless you're building a new home with a large, corporate conglomerate (think,
spec home), you'll probably be responsible for securing a home construction loan.
When you sell
the spec home, you will owe taxes on the sales price minus the cost of the home, including the land, materials, paid labor, and other expenses.
I don't get downvoting questions... You will pay taxes on the gains you make from the sale of
the spec home.
My husband is a builder and we would like to build
a spec home to sell for a profit.
During World War II, Serra's father worked as a pipe fitter for a shipyard near San Francisco, and afterward the family bought
a spec home on the western edge of the city.
He is also the sole shareholder of a small asset management company that has a single asset: A «
spec home.»
Selected floor plans and completed selections for model and
spec homes.
«We go into homes for resale or
spec homes and do anything from helping the homeowner with clutter to completely refurnishing the home.»