As the real estate market begins to calm down, many worry about making a profit on their homes. Heres an example of the follow the builder profit strategy.
Follow That Builder
In many areas of the country, there are builders who build hundreds of houses each year within a fifty mile radius of each other. They build entire communities, or are one of three to five builders who build entire communities around big employment centers. This is important. Hang with me and youll find out why.
Serendipity
The first couple I met who worked the pattern Im talking about did it the first time almost by accident. They bought one of the first houses built in a neighborhood that took about two years to build out. Toward the end of the two year period, they were out for a walk and, on impulse, went into a house under construction that represented a bit of a move up from their home. The same builder who had built their home was building it.
The couple went to the sales office of the builder and found out that the house theyd walked through was already under contract. They were shocked to find out the price was $150,000 more than theyd paid for their home! The...
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