Florida New Construction Home Surplus
Just a bit of real estate news from down South. Florida was hit hard with foreclosure sales, then short sales. Now more and more sales of half-finished homes. Lots of bare-studed houses abandoned by their builders are sitting on market. Of course, purchasing a partially built home is nothing new. During the housing boom, many new-home buyers signed purchase contracts before a contractor had even poured a slab. But now, the contractor might no longer be around to finish the job, particularly if a deal involves a custom home. You should consult a general contractor before purchasing an unfinished home anywhere. Here in the Boston area we are not seeing this kind surplus as new construction homes in the area have dropped to its lowest inventory in 40 Years. Thinking of puchasing a new construction home? Feel free to ask questions. I have sold many new construction condos and single family homes in the past and they are all a challenge. So be sure to have the right buyers agent to represent you when buying.
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