A few months ago we toured a 2-year old house and really liked it, but did y have our ducks in a row, so we let it go. It went for asking and we’ve been kicking ourselves ever sense.
A week or so ago… a doppelgänger appeared! Same exact build, same developer, new location! So we were really excited and we’re ready to buy now… toured it… and the location sucks, it’s a deal-breaker. So sad.
On a lark I googled the developer since they’re named in the listing, and gave them a call. I got a really good vibe! They said they have a lot they’re working on developing now and that construction would start soon, they’re going to be building the exact same blueprint there, too. We actually drove by the lot and we love it.
When I asked if they ever pre-sell houses before they’re built he seemed receptive, and he texted me their email right after we got off the phone.
So, to me, this seems ideal! We know we like the house, because we’ve toured two of them. We know they’re good construction because we’ve seen the selling disclosures. We know they keep their value. The guy seemed friendly and receptive and appreciative of our interest. And we might even get some input on finishes and details, which would be awesome! From their end they don’t have to put it on the market, or stage it, or let it sit and get offers… so… this kinda seems like a win/win?
Coming to the Reddit hive mind to ask:
is this a good idea? Why/why not? what things should I be on the lookout for? can we do this without a realtor involved and potentially save thousands? is this a win from the developers’ angle, too? would be be getting a regular mortgage once the house is finished? What would the hypothetical deal look like?