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That answer would depend on the type of market and the accuracy of the list price on the home..... it depends on whether the builder will be on time with an occupancy certificate..... many variables....the safe way is to sell the resale as soon as the conditions are satisfied on the new construction p/s.... relocate to temporary housing and enjoy the construction process..... that's the smart decision.
White Plains, NY
Ron and Alexandra Seigel
I am sure this will vary with the types of buyers and builders you are working with.
I would have thought it best to wait until finished since so many have a hard time imagining the finished product.
In my area, pre-construction condos are marketed several years (i.e. often four or more years) before buyers can move in. For infills, it depends on your objectives (e.g. selling a finished product or allowing the purchaser to have some design decisions or assisting with pre-closing funding).
Good Monday morning Debbie. I've seen a lot of properties put on the MLS that are still in the framing stages.
Debbie Reynolds in this market, I'd put it as soon as I can. If it was a slow market, I'd wait for a while or open up with some incentives to buyers.
when I represented a builder we went in the MLS within 48 hours of him aquiring permits to build.
That sure varies depending on how long homes are sitting on the market. Earlier this year I put a home on the market 6 weeks from closing on the new home. We were able to close same day on both home.
While it is under construction so that potentially buyers can pick some of the finishing touches.
When it is completed enough to where it is safe for viewing and can pass all inspections.....and of course cleaned up!
I put them on even befoe we break ground with a note saying this plan can be changed,
Good question Debbie, it is a sellers market and I would put it on when it was a hole in the ground. If you have plans and a rendering it could be sold pretty fast.
Usually depends on builder, but it can be done while it's still a vacat lot. Some builders have their plan set and don't like people coming in near completion asking for different paint and carpet colors, etc. Other builders don't mind tacking changes and options on.
I'm seeing both new constructuon and rehabs in different stages.?i am not sure if any or all are spec housing? If they are spec then I think time is of the essence and you put it on early and ajust with buyer activity or interest .
We use different strategies depending on the circumstances. A single residence, fully permitted for construction may take over a year to complete so we are more likely to delay listing until a completion date is more predictable. Often it will be after completion of the exterior. For a new development with dozens of lots and offering multiple floor plans we typically work with the developer and offer pre-construction with special terms.
I think Barbara Todaro is right, it depends on the marrketplace.
I would list it early using an elevation image. An early decision by home buyers could provide opportunities for some selections.
oooohh my. this is a looong answer. There are a lot of depends..and there are two sides... any additional info to help me? this is kinda my area of expertise screw up lol