Real estate developers can sell homes before construction finishes, but timing matters. One property went under contract for $7.75 million before the concrete pour. Sellers often wait until the frame is up or cooler weather arrives to list, balancing early interest against getting the best price and speed.
I think you just had a property that you've had interest during the pour, even before you even got to framing, which is where generally we start to see people see the shape of the house and get really excited. But you just had one during the pour or not?
So just before the pour, we just had one go under contract for $7.75 million. So like a really good number on like a great street. The property was obviously like a little bit bigger than what we're building on, Cortez, but like we tend to get these because we're doing so many projects like across. So I'm getting calls on my signs on other properties, and that sets up like for me if that's not a fit for them to show them what else we have. And that's how these things come together, right? Like I don't particularly like to market it like before we are poured and we start to have like, like a house framed, just like because it is an opportunity for buyer to come in and make like some sometimes too many changes. But I think with this one we're gonna come on the market at like a pretty good time with the, with the cooler weathers and stuff like around the corner.
So that's prime selling time. When it's going to come on the market, which is a really big deal. When we were doing all our flips, we tried to time it for that window because we knew that that could move it the fastest.
Like, I, I know we don't want to finish it like before we sell it, but like, even then, like, I feel like we should be done in that January or February window. And that's like the prime time for the selling season here.
