I know we have all seen them - Houses that have been started and are now sitting there unfinished. Some homes are at the foundation or framed while others need just finishing work. I saw this great article regarding unfinished homes and I thought I would share it. enjoy!Half-Built Homes Can Be Bargains, but with Strings Attached
By Mary Shanklin
RISMedia - First came foreclosures, then short sales. Now we are seeing more half-finished homes for sale: bare-stud, bare-yard houses abandoned by their builders and left to languish on the market.
Purchasing a partially-built home is nothing new; during the housing boom, many new-home contracts were signed before even a slab had been poured. The difference now is that the builder might no longer be around to finish the job, particularly if it’s a house started by a custom builder who subsequently lost clients, financing, or its entire business.
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CHAD ELLIOT, REALTOR© The Hennepin Group, LLC Keller Williams Realty 17205 Yale Street NW, Suite D Elk River, Minnesota, 55330 | Mobile: (651) 795-1147 Fax: (763) 241-0187 Email: chadelliot@kw.com | |
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