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Updated almost 11 years ago on . Most recent reply
How to profit from new approved subdivision buildouts
In my area there are 2 new subdivision under construction. Developer says we can put a refundable deposit down. Is it possible to profit this way? Any laws that would prohibit this activity? The town is in major growth mode with great schools. Price ranges from ~300k, so obviously just looking to sell at higher price with in a year of build out. It has potential to hit low ~400k due to schools and major pop. growth.
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- Realtor, General Contractor, and Developer
- Redding, CA & Bend OR
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Not quite sure what you're asking. Are you talking about putting a deposit down on the home to be built, having them build it out, and then keeping for a rental, hoping to realize appreciation over the next year or so?
Of course there could be potential IF the supply of houses in the area is low, and demand high. IF there are not other subdivisions that would flood the market, etc. How many lots are in the subdivisions being built? Prices? Population of town? Economy?
It's called speculation!
- Karen Margrave