What Is the Difference Between a Spec Home vs Model Home? This increases their productivity, their speed, and reduces the material cost of building these homes. They’ll be able to build 200 homes based off of, say, six different floor plans. This way, if they have 200 homes to build, they won’t have to rely on 200 different floor plans. They’ll rely on several different floor plans, each tailored to a specific family size. This would be inefficient and expensive for them. When a builder plans to develop homes across a wide tract of land, such as in a subdivision, they won’t make every home completely unique. You might be more familiar with model homes. Or the builder might complete the home before there’s a buyer and put it on the market.Įssentially, if the builder buys the land and begins to build on it with the intent to sell, they’re building a spec home. If a buyer comes in midway through the process, they can often customize many of the features and finishes the home has. More often, builders will start building quickly off of their own design – before they have a buyer. Someone who wants a home on the land might contact the builder to custom design the home, in which case the spec home shifts toward being a custom home. This might then proceed in a few different directions. Builders buy specific tracts of land where they think communities will develop or where someone might one day want a home. Spec here means “ speculative,” another word for an educated guess. What’s the difference? Is a model home the same as a spec home? Are there advantages or disadvantages between spec homes and model homes? Let’s start by defining what each type of home is: What Are Spec Homes? You have nothing to lose by getting an offer (no obligations – no pressure), but you could potentially lose thousands of dollars or months of your time by not requesting your FREE house offer below.There are a number of terms used by builders and realtors to describe a home. Just fill out the short form below or give us a call at (201) 839-2787 and let’s chat! Our process is simple and you can close on the date of your choice. See for yourself and get a fair all-cash offer on your house today. So when you add up the time you could save by working with Synergy Homes, the no-hassle experience, and the money you’ll save on commissions, fees, and holding costs while you wait to sell the traditional route, it’s obvious why for so many homeowners in selling to a professional house buyer is the best viable option. What we offer you is what you get (of course minus any mortgage payoff or other encumbrances on the property). We’ve got you covered!īecause we are a full-service professional home buyer here in New Jersey, we make it easy for you. Let us save you time and put more money in your pocket. We want to make an offer on your house today. We don’t care how dirty your house is ( we’ve seen worse!) or how many repairs are needed (a complete fixer? great! we love projects). If you list your house and wait 90+ days to close, you have to figure in all of the costs of holding that property during the time you have it listed and are waiting for the property to close.ĭon’t worry about fixing anything or cleaning your house again and again for buyer after buyer. You can get rid of the headache of that property fast and avoid paying one more utility payment, tax payment, insurance payment, mortgage payment… you get the drill. Yes, here at Synergy Homes we won’t be able to offer you full retail value for your house, but we offer other benefits that the traditional house sale route can’t offer.įrom offer to close and cash in your hand in as little as 7 days. When you really work the numbers you start to see the real benefits that each way of selling your New Jersey house offers. Work The Numbers And See Which Way Helps You Get There… Here at Synergy Homes, we don’t use bank financing so you don’t have to worry about our ability to close on a deal. Similarly, a financing contingency gives the buyer the wiggle room to back out of the purchase if they can’t obtain a loan or if the home doesn’t appraise for the value that the bank needs to close the loan. If you can’t come to an agreement with the buyer, the buyer has the right to back out of the sale. *An inspection contingency lets the buyer have time to do an inspection and back out of the sale or negotiate a new price if there are repairs that need to be done. Yes, the sale is often subject to appraisal.ģ0-60+/- days after accepting the buyer’s offer Dive into the details below to compare your selling options. While you may be able to get a higher sales price listing with a local agent, that doesn’t always boil down to more money in your pocket or less headache. Listing With A Local AgentĮven in a seller’s market, it’s smart to look at your options to see how you can best reach your goals with the sale of your house. Compare Your Options Selling Directly To Synergy Homes vs.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |