Spec homes are hot, “like Africa hot.” According to a recent article from the Washington Post, “home buyers across the country are scrambling for properties, and real estate professionals are begging for more houses to be built to answer the high demand.” That’s right, the demand for homes is so high that people are “begging” for more homes to be built. While this may be difficult for some niche real estate investors, conversely more demand for homes is phenomenal news for those involved in building and selling homes.
Where chaos strikes a market, the opportunity for increased returns arises. More individuals buying homes leads to a scarcity of available houses. Thus, higher prices are charged to produce homes that are in short supply. For spec home investors, this means a possibly of shorter intermediary periods between investment and return. Confirming this, the Post’s article continues to state, “in today’s hot housing market . . . most houses selling fast . . . . Builders [are] building houses as fast as the lots are developed.”
Why such a demand for spec homes? Well, with a growing housing market and a growing number of individuals selling homes from positive equity positions, there is an influx of individuals looking to move immediately into a new and reliable housing after selling their former properties. Spec homes, according to the same article, are fulfilling this niche. Since spec homes are based off of a generic, reliable, and cost-effective plan, individuals itching to find a new home within a short amount of time tend to find spec homes to be secure, new, and reasonably priced answer to their market demands.
While this is great news, while there is a growing market for building these types of homes, where does one acquire Arizona spec home financing? Great question. Arizona Spec Home Financing is available through Arizona Hard Money Lenders. Many spec home builders use Arizona Hard Money Lenders as a Arizona Spec Home Financing source because conventional lenders are fickle when it comes to granting loans on lots of land devoid of buildings. Though hard money may have a higher interest rate than a conventional loan, it is quick and painless to set in motion as a funding source and many times the only available financing source to be found.
Arizona Hard Money Lenders form a funding base for those looking for spec home financing.
Join many spec home investors in acquiring Arizona spec home financing. Talk to your hard money broker today at Setabay to see what rates and terms apply to any foreseeable spec home investments on the horizon.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters and 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.